Machine learning is one the trending topic these days. Right now, it is a catchword in the field of technology. It defines major representations that how computer can learn in future. Basically Machine learning algorithms are trained with the help of “training set” data. By using this machine learning algorithm, it gives answer to the questions. For example, in training dataset you will have given pictures of dog to the computer. Some pictures will say, “This is a dog” or some will say, “This is not a dog”. Then you can show a number of new pictures and it would start searching which pictures were of dogs. Every picture which is identify as a correctly or incorrectly gets added to the training set. In this way program efficiently gets “smarter” and better by completing its task over time.
A couple of years back; it was the time of social, mobile, cloud and analytics etc. Although these technologies are still important as they have very good place in digital strategies. Nowadays big hype is Artificial Intelligence, Internet of Things, Big Data, Machine learning services etc. It is observed from the various surveys that Artificial Intelligence is the future of Growth. There are some Artificial Intelligence Consulting companies available which provide number of services in this field. Machine learning is a part of Artificial Intelligence.
Let’s discuss Machine Learning Services which are attention seeker. These services are as follow:
- Fraud Detection: In numerous fields, machine learning is much better to spot fraud detection cases. Fraud management has been very aching for the commercial and banking sectors. Due to plethora of payment channel such as credit/debits cards, kiosks, smartphones etc., this menace is increasing day by day. In the similar way, criminals have found out loopholes in these channels. So, it is becoming difficult for the businessman to confirm transactions. However, Data Scientists have been successful in solving this problem with the help of machine learning. For instance, PayPal is using machine learning to fight with these raiders. This company has tools which compare all the transactions and easily distinguish between legitimate and non-legitimate transactions between sellers and customers.
- Recommendations: If you are regular user of Netflix and Amazon, then you must be familiar with use of this term. Intelligent algorithms of machine learning are monitoring your all the activities and compare it with the other number of users and as a result show you which thing you would like to buy. These product recommendation systems are getting smarter every time. Suppose you want to buy light shade jeans of a particular brand, during your search it will also recommend you light shades jeans of some other brands. It will definitely make your shopping better with number of choices.
- Natural Language Processing (NLP): NLP is an emerging trend which is almost used in every field. Natural Language with Machine learning algorithms can stand for agents of customer service and in fast way route customers to the information they need. Mostly it is used to translate incomprehensible legalese in contracts into basic language and help prosecutors to handle large volumes of evidence to prepare for a case.
- Healthcare: Machine Learning algorithms can practice more information and find out more patterns than the humans can do. Machine learning can recognize risk factors in a better way for sickness in a large population area. A company build Disease Prediction System name “www.AIvaid.com” which based on machine learning algorithm that is capable to diagnose the human health conditions and predict the disease report. There are plenty of symptoms and diseases dataset has been added and working it wonderful. Along with that, Personalized medicine is also one of the effective treatments which relay on the health data of the individual combined with predictive analytics is a latest research and diligently correlated to better disease assessment. For this purpose, supervised learning is used which permits physicians to list out from more limited sets of diagnoses based on the symptoms and genetic information.
- Smart Cars: IBM recently surveyed top executives and it is concluded that we would see smart cars on road by 2025. It will learn about its owner as well as its environment and integrate it with Internet of Things. Thus it will automatically adjust its internal setting such as audio, temperature, seat position automatically based on the driver and itself fix problems, drive itself and also give advice about traffic and conditions of the road.
In the nutshell, we can say that Machine Learning is a buzzword in the world of technology. Machine learning services are wooing more customers due to its smart learning techniques. Self-learning algorithms are now routinely embedded in mobile and online services. Researchers are getting massive gains in processing power and the data streaming from digital devices and connected sensors to improve AI performance. For many organizations, providing machine learning services can be challenging. When machines and human solve problems together and learn from each other, AI full prospective can be achieved.