>
a user would never buy it at this price.You don't know that yet.
>Here are my options as I see them, if you feel there’s another route please don’t hesitate to add:
- Leverage the expensive APIs until I raise enough money to train my own models.
- Start with a subpar model that is trained on a limited dataset (this runs the risk of damaging the perception of how good the product can be).
These are not mutually exclusive if you offer tiers priced proportionally to the model's performance or, better yet, to the value the users get from the model whatever its performance.
A model with subpar absolute performance from a "metrics" standpoint can relatively be good enough for what the user is trying to do.
I'm not sure how much experience you have with ML/DL, but one important point when you serve a client is to get what matters most. You want to know the impact/cost of a false positive and the actions your model triggers and how many of these you can get away with.
For example, one company we interacted with wanted to predict an event which, if it happened, would cause a loss in the nine figures. What's the consequence of an alert? You wake up an engineer if they're asleep and they have one on rotation anyway. The downside is nine figures and possibly catastrophic consequences (lives, environmental, financial, infrastructure, and actually destabilizing the supply of energy for a country and unforeseen ripples). They're willing to accept some false alerts.
What's the consequence of a false positive and a false negative.
Also, the timeliness. The client originally asked for a prediction 48 hours before the event. I asked at what time would it be useless to alert you? They answered it was never useless and that even if we alert them 2 minutes before, they have protocols and mitigation measures and they can do things. They'll have to do them really, really, fast, but they know what to do and they're trained for these situations. So we brought the scope from 48 hours to 2 minutes.
You want to know what's important and what problem they're trying to solve.