Are you tired of being stuck in the dark ages of model management?

You know what it's like: the endless cycle of paper pushing and manual tracking. You have to get approvals from multiple stakeholders, who all have different requirements and concerns about your model. 

You spend hours each week just managing paperwork instead of getting things done. And don't even get us started on auditing—it's a nightmare!

ModelOps is here to save the day.

With ModelOps, you can unlock your data's potential with models integrated into your business processes and systems, delivering real-time insight and actionable insights at scale.

What is ModelOps?

ModelOps is the first cloud-native, enterprise-wide capability for managing all your production models.

ModelOps encompasses all models from inception to retirement, not just ML.

ModelOps ensures validation of and accountability for all models in production. It includes managing all IT, risk, compliance, and business requirements throughout a model's life cycle and ensuring its health and operational efficiency once it is in production.

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ModelOps vs. MLOps

ModelOps and MLOps are two sides of the same coin. ModelOps is a way to efficiently build and manage models, while MLOps is a way to deploy them in production.

ModelOps and MLOps are essential but complementary pieces of the same puzzle. 

ModelOps allows you to build and manage your models efficiently so that you can focus on what matters: building great models that will improve your business outcomes. And MLOps allows you to deploy those models into production at scale so that you can get real-world results from them as soon as possible.

Benefits of ModelOps

ModelOps provides IT with a complete operations management and governance solution for the production models and services critical to your business.

With ModelOps, you can:

  • Ensure compliance with all business, product, and regulatory requirements
  • Automate processes to enforce those requirements
  • Realize process efficiencies by automating manual tasks
  • Maintain the performance and reliability of your model decisioning.

The following are the benefits of ModelOps:

  • A real-time inventory of all production models ensures you have visibility into your entire portfolio of production models so you can make informed decisions about what should be deployed and where.
  • Process automation enforces business, compliance, and risk requirements by ensuring that all processes are followed when deploying production models.
  • Continuous operations keep your business running smoothly by ensuring that any changes made to existing production models don’t affect the performance or reliability of those models.

Elements of ModelOps

ModelOps is a framework for conducting operations in the business world. It is made up of four main components:

  • Modeling - The first step to ModelOps is creating a model of how things work in your organization or industry. It will include the people, processes, and tools that make up your organization and the physical locations where they are located.
  • Operations - Once you have modeled your organization and its processes, it's time to start operating! It means figuring out what needs to be done and when it needs to be done so that you can meet your goals.
  • Control - For ModelOps to work, it's essential to have some kind of feedback loop, so you know if things are on track or not meeting expectations! Control helps ensure that things are running smoothly before they become an issue later on down the line (and saves money!).
  • Action - After everything has been modeled and controlled, it's time to take action! It means implementing changes based on what has been learned through modeling/control so that outcomes improve over time (and save even more money!).

How Does Modelops Work?

ModelOps works by addressing three issues that are crucial to the success of your models: data quality, time to deployment, and model performance degradation.

When dealing with complex models, you must have access to high-quality data. Finding and collecting the correct data for your needs can take time. Still, ModelOps makes it easier by automatically collecting and analyzing data from multiple sources so that you can be sure it meets your requirements.

Once you've collected your data and analyzed it for quality, it's time to deploy your model! 

It is where ModelOps shines. It helps you ensure the model will perform well in production by testing it against real-world examples of how it should work without exposing sensitive information about users or their behavior. You can even create automated tests that run every time someone updates your code.

Finally, if you're looking for a way to improve the performance of your models over time without having to rework everything from scratch every time they start degrading, look no further than ModelOps! It will help keep track of changes over time so that you know what needs fixing before anyone else notices anything wrong with the model or its performance.

ModelOps Tools

There are various ModelOps tools available in the market.

ModelOp

ModelOp was founded in 2016 to address the large gap between the deployment and maintenance of models.

ModelOps Center is a set of tools, technologies, and best practices to deploy, monitor, and manage machine learning models. It is the critical capability for scaling and governing AI at the enterprise level.

The ModelOps Center helps accelerate models' operationalization with ensured governance and enforcement of regulatory requirements.

Datatron

With Datatron, you can automate your machine-learning models and processes. You can optimize them by using any of the frameworks and languages supported by our platform. And you can accelerate them by scaling on-premises or in the cloud.

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Use Cases for ModelOps

ModelOps is a "maturity model" that helps you monitor your ML algorithms in production, so you can ensure they're performing strictly as intended and not making any unexpected decisions.

ModelOps is particularly useful for finance companies that use machine learning to make decisions—but it also works well in other industries. 

Healthcare organizations can benefit from monitoring their AI models because they must ensure that patients receive only accurate diagnoses. 

Retail companies can use ModelOps to ensure that their AI systems correctly recommend products based on customer behaviors and preferences.

In short, if you need help ensuring your machines are behaving, ModelOps is here for you!

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FAQs

1. What Does ModelOps Do?

ModelOps helps companies manage their models and make them more efficient.

2. Why is Modelops Important?

ModelOps is essential because it helps you model your business, which allows you to plan for the future. 

ModelOps is a process that helps you think about your business and its goals to create a model of what you want it to look like. It is essential because it allows you to anticipate potential problems, manage resources more effectively, and make better decisions.

3. What is the Difference Between MLops and ModelOps?

MLOps and ModelOps are two different types of operations that can be performed on machine learning models. 

MLOps is short for machine learning operations, and ModelOps is short for model operations. 

These are both standard terms used in the field of data science.

4. What is Scalable AI?

Scalable AI is a new paradigm for building and deploying artificial intelligence. It's a way of creating intelligent, responsive systems that can adapt to the needs of your business instead of having to adapt to the limitations of your software.

5. What is Model Governance?

Model governance is a way of organizing the operation and management of an organization to ensure that it operates according to its mission, vision, values, and goals. Model governance involves creating rules, guidelines, and procedures that employees and executives can reference.

About the Author

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Simplilearn is one of the world’s leading providers of online training for Digital Marketing, Cloud Computing, Project Management, Data Science, IT, Software Development, and many other emerging technologies.

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