The Importance of (Good) Metrics
Initially, I wanted this post to focus solely on metrics in machine learning. However, the concept of metrics is far more universal, and it doesn’t make sense to treat it as an isolated problem. This is more of a philosophical post, the ultimate goal is to make you think and reflect. We live surrounded by metrics: grades from teachers, performance reviews from employers, publication counts in academia, FLOPs in computing, ELO in chess, salary, IQ for intelligence, movie ratings on IMDB, book ratings on Goodreads, stars/reviews on Amazon, election results in democracies, F1 score in machine learning, GDP for countries, EBITDA in finance, likes/followers on Instagram, time spent on TikTok for content recommendation algorithms, etc. ...