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In this video, Shrini discusses the best method for evaluating semantic segmentation using the intersection over union (IoU) approach. Semantic segmentation involves classifying individual pixels within an image rather than classifying the entire image itself. For example, different minerals in a rock sample can be classified at the pixel level. Shrini critiques the traditional accuracy metric, commonly used in tools like Scikit-Learn, highlighting its limitations, particularly in cases of class imbalance that often occur in multi-class problems. He emphasizes that relying solely on accuracy can be misleading in such scenarios.