Foundations of data imbalance and solutions for a data democracy

Understand

Dealing with imbalanced data is a prevalent problem while performing classification on the datasets.

• Many times, this problem contributes to bias while making decisions or implementing policies.
• Thus, it is vital to understand the factors which cause imbalance in the data (or class imbalance).
• Such hidden biases and imbalances can lead to data tyranny and a major challenge to a data democracy.