(116a) Making the Most of Small Data
AIChE Spring Meeting and Global Congress on Process Safety
2023
2023 Spring Meeting and 19th Global Congress on Process Safety
Industry 4.0 Topical Conference
Data-Driven and Hybrid Approaches to Development of New Products I
Wednesday, March 15, 2023 - 8:00am to 8:30am
Faced with their âsmall dataâ situation, researchers and managers often feel that they may not yet benefit from pursuing data-driven approaches to new product development. They are not sure what can be done given the current state of their data, and they are not sure how to efficiently gather more data to alleviate the issue. They may even think it is impossible to pursue this approach given the current cost of new data generation. It is not uncommon to feel stuck without a clear path forward. Other organizations push forward a high-level vision and implement data platforms and hire data science and engineering teams that then soon struggle to generate value due to the unique challenges inherent to scientific small data problems.
At Enthought, we have tackled many small data challenges in materials and chemicals product development and have employed multiple strategies for getting the most value out of small data to meet strategic innovation goals. There is not a one-size-fits-all solution, but in this talk, weâll present practical tips for how teams can make the most of what they have and set a course towards continuous improvement. Weâll discuss how teams can get started with little to no data at all and how they can leverage existing domain knowledge to get further with less data through well-crafted experimental designs, feature engineering, informed model constraints and priors, and improved data quality. Weâll also discuss how to assess existing data generation workflows and prioritize workflow improvements that will accelerate new data generation and improve data quality using software tools to streamline data labeling tasks and to automate or assist users with raw data analysis. Weâll then conclude with a discussion about workflow innovation where domain experts explore screening approaches that leverage theory and simulation together with proxy measurements to accelerate learning at lower cost.