What is the role of statistics in a machine-learning world?

I just happened to come across this quote from Dan Simpson:

When the signal-to-noise ratio is high, modern machine learning methods trounce classical statistical methods when it comes to prediction. The role of statistics in this case is really to boost the signal-to-noise ratio through the understanding of things like experimental design.

The post What is the role of statistics in a machine-learning world? appeared first on Statistical Modeling, Causal Inference, and Social Science.