"The NCAA has developed a new ranking system to replace the RPI as the primary sorting tool for evaluating teams during the Division I men’s basketball season. The new ranking system was approved in late July after months of consultation with the Division I Men’s Basketball Committee, the National Association of Basketball Coaches, top basketball analytics experts and Google Cloud Professional Services.
The NCAA Evaluation Tool, which will be known as the NET, relies on game results, strength of schedule, game location, scoring margin, net offensive and defensive efficiency, and the quality of wins and losses. To make sense of team performance data, late-season games (including from the NCAA tournament) were used as test sets to develop a ranking model leveraging machine learning techniques. The model, which used team performance data to predict the outcome of games in test sets, was optimized until it was as accurate as possible. The resulting model is the one that will be used as the NET going forward."
https://www.ncaa.com/news/basketball-men/article/2018-08-22/division-i-mens-basketball-committee-adopts-new-ranking
The NCAA Evaluation Tool, which will be known as the NET, relies on game results, strength of schedule, game location, scoring margin, net offensive and defensive efficiency, and the quality of wins and losses. To make sense of team performance data, late-season games (including from the NCAA tournament) were used as test sets to develop a ranking model leveraging machine learning techniques. The model, which used team performance data to predict the outcome of games in test sets, was optimized until it was as accurate as possible. The resulting model is the one that will be used as the NET going forward."
https://www.ncaa.com/news/basketball-men/article/2018-08-22/division-i-mens-basketball-committee-adopts-new-ranking