Machine learning and AI are being applied everywhere. Why not use it to work out how much it costs to make bespoke furniture?
More data won’t get you to a more accurate model. A conversation with Doug T Hicks about the difference between cost and price, understanding your negotiating position, and the importance of the cost model.
This week, I talked with Ricardo Valerdi, Professor in Systems and Industrial Engineering at the University of Arizona (link to the episode here). We talked about Ricardo’s research in cost estimating, how he applied estimating principles to sports analytics, and how storytelling with data is an important skill for the future estimator. Please subscribe on […]
I talked with Sanathanan Rajagopal, the current Chairman of the Society of Cost Analysis and Forecasting (SCAF) and Qinetiq Fellow. We talked about the future of estimating and how big data, AI and machine learning means working smarter not harder. Because of new tools, software, there is an expectation that estimates should be produced quicker. […]