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Tag: machine learning course

Exploring the Potential of AI in Healthcare!

Posted on by Imarticus Learning

To begin with, let us start with AI and its potential. What exactly is AI?
Over the last two decades, we have built huge data resources, analyzed them, developed ML both unsupervised and supervised, used SQL and Hadoop with unstructured sets of data, and finally with neural and deep learning techniques built near-human AI robots, chatbots and other modern wonders with visualized data.

We have found, optimized pattern-based techniques, exploited tools of ML, deep-learning, etc to create speech, text, image applications used pervasively today in games, self-driven cars, answering machines, MRI image processing and diagnosis of cancer, creating of facial IDs, speech cloning, facial recognition tools, and learning-assimilation products like Siri, Google Assistant, Alexa and more.

AI potential in healthcare:
The AI potential to use intelligent-data both structured and unstructured makes it a very effective diagnostic tool. Their processing speeds, ability to find anomalies and volumes of data AI can handle makes it irreplaceable, un-replicable, and the most effective tool in the healthcare sector’s diagnosis and cost-effective treatment sectors for masses.

EyePACS aided-ably by technology has been used to integrate symptoms, diagnosis, and lines of treatment in diabetic types of retinopathy. Beyond diagnosis AI in the UK helps diagnose heart diseases, cardiovascular blockages, valve defects etc. using e HeartFlow Analysis and CT scans thereby avoiding expensive angiograms.

Cancer detection at the very cellular stages is a reality with InnerEye from Microsoft which uses the patient scans to detect tumors, treating cancer of the prostate, and even find those areas predisposed to cancers. Babylon health and DeepMind are other query-answering apps that have saved multiple doctor-visits by answering queries based on patient-records, symptoms, and other data.

All that AI needs to retransform healthcare services is the appropriate and viable infrastructure that is so vital but expensive today, keeping it out of reach of the masses at large.

Cautions with use of AI:
The first issue with AI is that its ability and potential is often misused. Some doctors fear AI may one day take over their roles. The use of laser-knives, surgical implements, tasers for immobilization, and deep-neural stimulation of the brain to prevent seizures are being used to take healthcare to the underprivileged masses. Harnessing the potential of AI is an issue of ethics, the patient’s privacy, and lives. Doctors need to use these tools to aid and not replace human-intervention in healthcare.

The issue of data transfers, privacy issues, legal responsibilities, misuse, and selling of data is of high importance. Another issue that looms large is the inertia to change and sufficient testing before large-scale adoption in healthcare for the masses. An approach that is amply cautious is always the best when millions are being spent on healthcare, and the lives of masses are at stake.

The right way to implement AI into the healthcare system would then hinge on education and training, sufficient testing and trial-runs before implementation, assuring and involving all stakeholders, and rediscovering ways and means of optimizing human-intervention in diagnosis, treatment, and care of patients.

The industrial sector will see thousands of opportunities thrown up which in turn when exploited create growth and employment opportunities galore. AI in healthcare is truly a panacea-producing tool. Perhaps in the near future immortality-quest will also take its place in the fields being explored. For now, the Government, doctors, researchers, industries, and patients are all set to accept the positive impact of AI on the healthcare sector readily.

What are The Best Machine Learning Prediction Models for Stocks?

Posted on by Imarticus Learning

Predicting stock prices has been at the focus for a long time due to monetary benefits it can yield. Prediction of the future stock price is trying to determine the future value of a company stock which is traded on a stock exchange. Traditionally investors have relied upon fundamental research and technical analysis to predict the stock price movements.  Fundamental analysis is concerned with the performance of the company and its business environment. Investors mainly consider the current price and likely future performance of the company while picking the stocks.
Technical Analysis is concerned with past patterns of the stock price movements and predicting future trends. Lately,  machine learning models are also used in technical analysis to process the historical and current data of public companies to predict their stock prices. Mathematical models can be developed which process historical data about quarterly financials, trading data, latest announcements, and news flow etc and machine learning techniques can identify patterns and insights that can be used to make predictions for stocks. Trading signals can be generated and because correlation based on which the trading call is given is often weak, the time window in which profit can be made by the execution of the trade is usually very small.  Therefore, firms that specialize in ‘quant’ trading keep their machine learning algorithms simple and secretive so their trading strategies can be optimized for speed and reliability.
Now, we take a brief look at some of the machine learning models for prediction of stock prices.
Moving Average – Moving average is average of past ‘n’ values and is considered widely in technical analysis.  20 day, 50 days and 200-day moving averages of stock prices and indices are critical data points in predicting future trends.
Exponential Moving Average (EMA) differs from simple moving average in that it gives greater weightage to the most recent values compared to the older values.
Linear Regression is another commonly used statistical approach to model the relationship between a scalar response and one or more independent variables.
Support Vector Machines (SVM) is a machine learning technique based on binary classification, which is now greatly used in predicting whether the price of a stock will be higher or lower after a specific amount of time-based on certain parameters.
There are also a few non-statistical models that are being used to forecast stock price movements. A textual analysis of financial news articles is one such method. In this method, a crawler is trained to scan all the financial news articles and look for the patterns that are likely to have an impact on prices of specific stocks. Text mining of historical news articles with concurrent time series analysis can be done to figure out the impact of various types of news articles. Different weightage for articles based on the credibility of their sources can be given.
Thus, Machine learning can be applied to stock data and mathematical models can be developed to predict stock prices. Trading strategies can be optimized for speed relying on these models while simultaneously eliminating human sentiments from decision making.
There is a lot to explore with regards to stock predictions and machine learning models that need further explanation cannot be expatiated in a concise article like this.  The machine learning future in India is very bright.  If you need to pursue machine learning courses, learn from pioneers like Imarticus.

What Are the Most Common Questions Asked in Data Science and Machine Learning Interviews?

Posted on by Imarticus Learning

Data Science and Machine Learning have grown leaps and bounds in the last couple of years. Data science is essentially an interdisciplinary field that focuses on extracting data in different structured or unstructured forms by using various methods, algorithms and processes. Machine learning, on the other hand, is the ability to learn with data. It uses a mixture of artificial intelligence and statistical computer science techniques which help interpret data efficiently, without having to use explicit and large programs.
As more people look into these fields as prospective career choices, the competition to get recruited by companies in either of these fields is quite strong.
Thus, here is a list of a few frequently asked questions related to Data Science and Machine learning that you can expect in your interview.

1) Explain what data normalization is, and its importance.

This is one of the basic, yet relevant questions that are usually asked. Data normalization is a pre-processing step. It helps weight all the features that fit in a particular range equally. This prevents any kind of discrepancy when it comes to the cost function of features.

2) Highlight the significance of residual networks.

Residual networks and their connections are mainly used to facilitate easier propagation through any given network. Thus, residual connections allow you to access certain features present in the previous layers directly. The presence of residual networks helps make the network as more of a multi-path structure. This gives room for features to tread across multiple paths, thus helping with better propagation throughout the system as a whole.

3) Why are convolutions preferred over FC layers for images?

Though this is technically not a very common question, it is interesting because it tests your skills related to comparison and problem-solving. FC layers have one major disadvantage which is that they have no relative spatial information. On the other hand, convolutions not only use spatial information but also preserves and encodes it. Also, Convolutional Neural Networks (CNN) are said to have a built-in variance which makes each kernel a feature detector on its own.

4) What do you do if you find missing or corrupted data in any dataset?There are mainly two things that you can do if you find missing or corrupted data in a dataset.

  • Drop the respective rows or columns: This can be done by using two method functions, isnull() or dropna(). This will help you determine if any dataset is actually empty. If it is empty, you can simply drop it.
  • Replace the data with non-corrupted values: To replace any invalid value with another value, the fillna() method can be used.

5) Why are 3×3 convolutional kernels preferred over larger kernels?

Smaller kernels such as a 3×3 kernel generally use lesser computations as well as parameters. Thus, you can use several smaller kernels as opposed to a few larger ones. Also, larger kernels do not capture as much spatial content as smaller kernels do. Apart from this, smaller kernels use a lot more filters than larger kernels do. This, in turn, facilitates the use of more activation functions which can be used for discriminative mapping functions.

6) Why does the segmentation of CNN have an encoder-decoder structure?

The segmentation structure of CNN’s is usually in the encoder-decoder style so that the encoder can extract features from the network while the decoder can decode these features to predict the segments of the image under consideration.
Thus, looking into simple questions like this that focus on your knowledge of the concepts of Data Science and Machine Learning will really help you face an interview while applying for a position in the field.
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Understand the Difference: Artificial Intelligence Vs Machine Learning

Posted on by Imarticus Learning

Artificial Intelligence and Computer Sciences, data sciences and nearly everyone today uses the terms Machine Learning/ML and AI/ Artificial Intelligence interchangeable when both are very important topics in a Data Science Course. We need to be able to differentiate the basic functions of these two terms before we do a data science tutorial where both ML and AI are used on another factor namely data itself.
AI is not a stand-alone system in the data science tutorial. It is a part of the programming that artificially induces intelligence in devices and non-humans to make them assist humans with what is now called the ‘smart’ capability. Some interesting examples of AI we see in daily life are chatbots, simple lift-arms in warehousing, smart traffic lights, voice-assistants like Google, Alexa, etc.
ML is about training the machine through algorithms and programming to enable them to use large data volumes, spot the patterns, learn from it and even write its own self-taught algorithms. This experiential learning is being used to produce some wonderful machines in detecting cancers and brain tumours non-invasively, spot trends and patterns, give recommendations, poll trends, automated driverless cars, foresight into possibilities of machine failure, tracking vehicles in real-time, etc. It is best learned at a formal Data science Course.

Difference Between Machine Learning And Artificial Intelligence

Here are the basic differences between ML and AI in very simple language.

  • ML is about how the machine uses the algorithm to learn. AI is the ability of machines to intelligently use the acquired knowledge.
  • AI’s options are geared to succeed. ML looks for the most accurate solution.
  • AI enables machines through programming to become smart devices while ML relates to data and the learning from data itself.
  • The solutions in AI are decision-based. Ml allows machines to learn.
  • ML is task and accuracy related where the machine learns from data to give the best solution to a task. AI, on the other hand, is about the machine mimicking the human brain and its behavior in resolving problems.
  • AI chooses the best solution through reasoning. ML has only one solution with which the machine creates self-learned algorithms and improves accuracy in performing the specific task.

Both AI and ML exist with the very life-breath of data. The interconnection is explained best through ‘smart’ machines to do such human-tasks through ML algorithms to scour and enable the final inferential steps of gainful data use. AI and ML are both essential to handle data which can run into a variety of complex issues in managing data. ML is the data science tutorial way you would train, imbibe and enable the computers and devices to learn from data and do all jobs using algorithms. Whereas AI itself refers to using machines to do the tasks which are in data-terms far beyond human computing capabilities. And in short, the data scientist/analyst is the one person who uses both AI and ML in his career to effectively use data and tools from both AI and ML suites.
One does not need a technical degree to choose the umbrella career of data science which teaches you both AI and ML. However, it is a must that you get the technical expertise and certification which is a validation of being job prepared from a reputed institute like Imarticus by doing their Data science Course. You will need an eclectic mix of personal traits, technologically sound knowledge of AI, ML, programming languages and a data science tutorial to set you on the right track. Hurry!
Conclusion:
The modern day trend of using data which is now an asset to most organizations and daily life can be put to various applications that can make figuring out complex data and life simpler by using AI achieved through ML programming.
The Data science Course at Imarticus Learning turns out sought-after trained experts who are paid very handsomely and never suffer from want of job-demand. Data grows and does so every moment. Do the data science tutorial to emerge career-ready in data analytics with a base that makes you a bit of a computer and databases scientist, math expert and trend spotter with the technical expertise to handle large volumes of data from different sources, clean it, and draw complex inferences from it.

Can You Integrate AIML with Android App?

Posted on by Imarticus Learning

 

Artificial Intelligence has quickly become one of the most important fields to humanity today. The subject of an increased amount of research, AI is currently one of the few fields which are soaring with no end in sight today. It can be said that the very future of humankind now depends upon AI, and how it develops in the future – such is the reach of Artificial Intelligence in the modern world.

With such a rapid rise in the field of AI, there is no doubt that the demand for talented people in the field is higher than ever. If you want a career which is challenging yet satisfying, Artificial Intelligence is definitely one of the best options. However, you should start learning more about AI quickly, and what better way to put your skills into test than building a chatbot?

Chatbots are one of the latest sensations sweeping over AI practitioners. Chatbots are now increasingly becoming a part of most companies, and most of the internet users have already interacted with a chatbot in some form or other. Being an AI aficionado or a prospective practitioner, you can surely try to build a chatbot from scratch in order to gain some practice in Artificial Intelligence. A conversational assistant is a challenge to create because it has to give a new answer to the same questions and learn from the answers of the user, too. You can build simple chatbots with ease, and port it into android apps too, in many ways.

AIML was one such language which was used in the development of early chatbots.

What is AIML?

Artificial Intelligence Markup Language or AIML was created by Dr Richard Wallace and is currently offered as an open source framework for developing chatbots. It is offered by the ALICE AI Foundation so that users can create intelligent chatbots for their use from scratch. AIML is an extremely simple XML, just like HyperText Markup Language or HTML.

It contains a lot of standard tags and tags which are extensible, which you use in order to mark the text so that the interpreter which runs in the background understands the text you have scripted.

Steps to Integrate Chatbots into Android Apps

The steps covered here are not comprehensive in any way, but only an outline which you can follow in order to make what you want. These do not contain any codes, because that would defeat the purpose of creating an android app chatbot from scratch.

However, you can always skip the parts you are uninterested in, like the design aspects of the app and the likes.

The first step is to create a chat UI and interface using Android Studio. Using XML, you can do this with only a basic understanding of the language. It should have an adapter too, for the different view types.

The, import the AIML files that you have written beforehand to your app. Then, the task you have is to modify the MainActivity.java in such a way so as to include the class Bot in it.

Obviously, there is a lot of coding involved if you want to build the bot from scratch. However, integration is definitely possible, too. If you find yourself interested in learning more, you should check out the artificial intelligence courses in India on offer at Imarticus Learning.

What Are Prerequisites to Start Learning Machine Learning?

Posted on by Imarticus Learning

What Are Prerequisites to Start Learning Machine Learning?

There are few fields in technology which have risen as much as machine learning and data science have, in the past few years. The demand for professionals well versed in data science has more than tripled, while the field is also now one of the most lucrative profession options for any interested person.

Machine learning does require the user to have a modicum of understanding over mathematical concepts. Apart from the requisite programming skills, you will need to know some basic mathematical concepts in order to understand how various algorithms function in the backdrop. Here are some of the main topics that you need to know before you get into machine learning.

• Basic Maths
 The importance of mathematics in machine learning cannot be overstated, but the extent to which it is used depends upon the project at hand, really. Entry-level users may not need to understand a lot, because you may only have to learn how to implement the algorithms well using the tools at hand.

However, you would not understand the deeper workings of algorithms or libraries without knowledge about linear algebra or multivariable calculus. If you are serious about machine learning and want to explore how to start learning Machine Learning, there is no doubt that you will have to customize and build your own algorithms as you progress. This means that mathematics, especially linear algebra, and multivariable calculus is important.


• Statistics and Probability
Machine learning algorithms are all based on statistics and probability, at heart. Therefore, you would definitely have to have a deep understanding of statistical theory, like Bayes rule, independence, and the likes. Analysis models and distributions in statistics should also be covered, and you will have to be comfortable working with them for a long time.

Bayesian concepts to be covered while covering the basics include maximum likelihood, priors, posteriors and the entire concept of conditional probability. The frequentist way of thinking commonly used with datasets are discarded in this case – the statistical model is followed. You need to have statistical knowledge if you are planning to make a long, successful career in this.

• Data Modeling
 Data modeling refers to the process of estimating the structure of a data set, and this is done so that you can find out any variations or patterns within this. A lot of machine learning is also based on predictive modeling, so you would have to know how to predict the various properties of the data you have at hand. Iterative learning algorithms may result in errors being magnified in the set and the model, so a deep understanding of how data modeling functions is also a necessity.

If all of this seems intimidating in your quest to getting a machine learning certification India, make sure to remember that becoming a machine learning professional is not an overnight thing – it would require a certain amount of practice and experience. If you want to know more about how to learn machine learning, check out the machine learning courses available on Imarticus Learning!

However, you would not understand the deeper workings of algorithms or libraries without knowledge about linear algebra or multivariable calculus. If you are serious about machine learning and want to make a career in machine learning, there is no doubt that you will have to customize and build your own algorithms as you progress. This means that mathematics, especially linear algebra, and multivariable calculus is important.


• Statistics and Probability
Prerequisites for Machine learning are all based on statistics and probability, at heart. Therefore, you would definitely have to have a deep understanding of statistical theory, like Bayes rule, independence, and the likes. Analysis models and distributions in statistics should also be covered, and you will have to be comfortable working with them for a long time.

Bayesian concepts to be covered while covering the basics include maximum likelihood, priors, posteriors and the entire concept of conditional probability. The frequentist way of thinking commonly used with datasets are discarded in this case – the statistical model is followed. You need to have statistical knowledge if you are planning to make a long, successful career in this.

• Data Modeling
 Data modeling refers to the process of estimating the structure of a data set, and this is done so that you can find out any variations or patterns within this. A lot of machine learning is also based on predictive modeling, so you would have to know how to predict the various properties of the data you have at hand. Iterative learning algorithms may result in errors being magnified in the set and the model, so a deep understanding of how data modeling functions is also a necessity.

If all of this seems intimidating in your quest to getting a machine learning certification India, make sure to remember that becoming a machine learning professional is not an overnight thing – it would require a certain amount of practice and experience. If you want to know more about how to learn machine learning, check out the machine learning courses available on Imarticus Learning!

A Beginner’s Guide- ‘Books for Learning Artificial Intelligence’

Posted on by Imarticus Learning

Data collections are readily available with most enterprises. However, one has to learn how to program with artificial intelligence systems like the computer to be able to understand the data and use the computer to get it to assimilate the data, learn from it and present the data after its due analysis.

How to do an AI course?

This process of AI, data analytics, machine learning and predictive forecasts based on the analysis is what most machine learning and artificial intelligence courses teach.
There are many books and free materials in the form of books that one can read and learn from to understand these concepts. One can do the course in virtual classrooms, one-to-one learning or even practice after reading online.
Some of the best books to learn AI are:
Thomas Laville’s Deep Learning for beginners and Artificial Intelligence by the same author, Malcolm Frank and others titled “When machines do everything”, James Barrat’s Our Final Invention, Michael Taylor’s Neural Networks, and many others like Grokking Algorithms, Introduction to Machine Learning with Python, and Python Machine Learning by example which are sold on Amazon.

How to do an ML course?

Machine learning courses incorporate the learning of neural systems, characterization trees, vector machines bolstering and boosting techniques. To understand how mining systems work, one must also learn how to actualize strategies in R labs, and themes related to automatic calculations, hypothesis etc.

Free Books on AI and ML

To learn machine learning or the use of AI which enables the system to learn from data assimilated without being modified to do so, use the top five free books to help you master ML.
Shai Ben-David and Shai Shalev-Schwartz presentation of Understanding Machine Learning will teach you the basics of ML, its principles, how it uses numerical data to make useful calculations and more. As in the title, it covers all theory regarding algorithms, their standards, neural systems, stochastic plunge slope, developing a hypothesis, ideas, and organised yield learning.
Andrew NG’s Machine Learning Yearning is about getting to be good at AI frameworks building.
Allen B. Downey’s Think Stats will help Python developers understand the subjects and help you make investigative inquiries from data collections.
Other excellent books for beginners to get fluent are Cam Davidson-Pilon’s Probabilistic Programming on Bayesian strategies, derivations and likelihood hypothesis, Trevor Hastie, Jerome Friedman and Robert Tibshirani writings of The Elements of Statistical Learning for learning how to get to unsupervised learning from administered data learning.
There are a vast variety of courses, free materials and visual aids to help with the learning process. The scope for enriching one’s knowledge, especially when required to learn new skills and upgrade one’s knowledge, can never end. Technology is in a state of flux and rapidly changing to embrace newer innovations across more sectors and uses designed to make AI, ML, visualization and deep learning of data and its analytics essential to understand and succeed in business, careers and all fields of applications. It is the will to get there that really matters.

7 Horrible Mistakes you’re making with Artificial Intelligence

Posted on by Imarticus Learning

We could notice that, numerous marketers commit mistakes with regards to AI. That is a common thing. We’ve done it, as well. It requires a lot of investment to get settled with AI.
In any case, a few mistakes are more inflated than others. Furthermore, these mistakes will bring your association down the wrong track with regards to AI.
No one wants to get in that bad situation. So to prevent this issue and to get benefit from AI later, marketers should think to avoid below 7 horrible mistakes that they are making while implementing a machine learning or an artificial intelligence course.
1. Thinking AI usage is simple.
Several marketers think if they have the accurate information, implementation is easy. a few of the AI tools are very simple to utilize and you can begin quickly. But transforming your association into an AI-driven organization is another responsibility completely. Receiving AI association wide requires some serious energy. It needs cash. What’s more, it takes experimentation.
You need to commit for the long period. In reality, the correct data and methodology are fundamental. Implementation is secondarily come!
2. Marking down artificial intelligence altogether.
The opposite side of the coin is advertisers who trust AI are all publicity. We get it. There is a huge amount of promotion out there and a ton of extremely strong claims. Normally, you may trust AI is simply one more popular buzzword.
Nothing could be further from reality. Over the most recent couple of years, critical advances in AI and machine learning have happened. This is an undeniable, exceptionally impact arrangement of technologies that will influence your profession.
3. Focusing on complete automation
Businesses aiming for entire automation process might merely save the salaries of the populace being supposedly substituted by AI. As per Jeremy, businesses that target to make a return on the employees by enhancing and rising workforce competence using AI would attain noteworthy ROI.
4. Fixating on where AI is going.
We get it. We cherish guessing about where AI is going. We even have a deadline for when our machine overlords will make their play for global control. But an excess of hypothesis on the most distant eventual fate of AI is diverting.
There are numerous miracles ahead as we enter the period of AI. Give yourself a little AI wandering off in fantasy land time, beyond any doubt. But, at that point discover a couple genuine implementation cases you can begin applying AI to begin at this point.
5. Thinking beginning with AI is too hard or excessively specialized.
It certainly requires some investment to get settled with ideas in Artificial Intelligence. What’s more, profoundly understanding the tech probably won’t be simple for the non-engineers among us.
This is not a regulation only for the technicians. As an advertiser, you have a gigantic chance to attach the specialized to the commonsense and discover genuine implementation cases for AI.
6. An inadequate foundation for machine learning
For most associations, dealing with the different parts of the foundation encompassing machine learning exercises can turn into a test all by itself. Trusted and dependable social database service frameworks can bomb totally under the load an assortment of data that organizations seek out to collect and investigate today.
7. Assuming AI can’t execute whatever marketers perform.
Indeed, even with a sound thankfulness for AI’s potential, it’s anything but difficult to laugh at it. How might it displace you or your partners? We can’t wait how ground-breaking AI will be, so we’re not saying it’ll replace anybody. Yet, it will change the idea of your work.
AI can do the plethora of things that marketers do today, quicker, less expensive and at scale. Inside this reality lies either guarantee or risk, reliant upon how you see it.
Marketers need to turn an attentive eye to how they create importance for associations and highlight the high-esteem innovative work

How is Machine Learning Helping Businesses Grow?

Posted on by Imarticus Learning

Machine learning (ML) technologies represent one of the exciting new aspects of the digital age. These technologies are premised on sophisticated algorithms that empower modern enterprises to tackle a variety of business problems. Computers and digital systems that use Machine learning are designed to gain experience from various processes and apply certain rules and data sets to perform complex calculations.

Modern machine learning systems also leverage the use of cloud technologies in a bid to maximize speed and cost-effectiveness.

  • Recent advances in the commercialization of cloud computing services allow business organizations to utilize huge offerings in compute and storage services. Large cloud players are offering modern enterprises an opportunity to use cloud computing solutions powered by machine learning technologies. These systems are also “creating new opportunities for innovators to offload labour-intensive research and analysis to the cloud.”
  • Machine learning systems are enabling business decision makers to visualize data more efficiently. The use of these technologies enables business analysts and business managers to access and utilize data analysis paradigms. This means that machine learning systems are essentially crunching huge volumes of data and electronic information and presenting patterns, analysis, and insights to modern businesses. This personnel can analyze these patterns to quickly initiate business decisions in response to evolving market conditions.
    • Digital technologies have emerged as a major enabler in modern societies. Machine learning and artificial intelligence technologies are no exceptions. Cloud-based machine learning algorithms can process current data from business environments to predict future consumer requirements, market trends, etc. This enables business organizations to process unprecedented amounts of data in the ultimate pursuit of growing and expanding their commercial footprints. Companies and brands that can effectively anticipate future requirements are better positioned for future market performance.
    • Certain industries such as logistics and transportation can gain clear benefits by implementing machine learning technologies. Vehicles can be fitted with digital devices and transmission systems that generate data regarding the performance of vehicle systems and sub-systems. Analysis of such data can help vehicle designers and engineers to refine and improve the performance of each vehicle over time. Higher mileage from each vehicle and fewer maintenance hours can help these businesses to earn larger profits.

 

  • Machine learning algorithms can help the banking and insurance industry to spot and prevent instances of fraud. Certain insurance service providers are using the technology to scan the faces of loan applicants and insurance policy applicants. These algorithms have access to huge databases that enable them to detect any scope or intent of fraud ahead of time.
    Thus, machine learning systems help these service providers to expand the scope of their business while cutting scope for malfeasance and thereby reducing losses. Such use of machine learning technologies is expected to gain momentum in time.
  • Artificial intelligence technologies and machine learning algorithms are helping businesses to make decisions that are more efficient. Retailers can use these technologies to analyze sales data from the past and other points of market information to control their inventories and supplies. This approach removes the scope of guesswork in certain aspects of business operations while creating scope for efficient operations and greater profits.

Related Article : Skills Required to Learn Machine Learning