I am currently working on my Master's thesis in machine learning and recently encountered a research paper that addresses a similar problem to my thesis topic. Both approaches aim to enhance performance using label information from the data, albeit in different ways.
The methodology presented in the paper involves additional steps, which my approach circumvents by optimizing a different objective, potentially making it simpler and more direct. Additionally, the existing method has some drawbacks, such as generating unused data and potential overfitting issues—problems that my method avoids.
Given these differences and the shared goal of our work, I am worried about how to address this paper in my thesis.
Would it be problem to discuss this paper in the related work section of my thesis? Should I emphasize the differences in methodology and the potential downsides of the approach found in the paper? Or does this not make any sense and I have to find a new topic? I appreciate your advise.