Undoubtedly, you’ve observed the massive buzz going around machine learning since last few years. While a lot of venture investments are being made, conferences are being organized on how to leverage the power of this technology, small businesses too can get benefitted by using machine learning. In this post, we’re going to explore some of the most common ways through which machine learning helps you gain profit.
Before talking about generalization in machine learning, it’s important to first understand what supervised learning is. To answer, supervised learning in the domain of machine learning refers to a way for the model to learn and understand data. With supervised learning, a set of labeled training data is given to a model. Based on this training data, the model learns to make predictions. The more training data is made accessible to the model, the better it becomes at making predictions. When you’re working with training data, you already know the outcome. Thus, the known outcomes and the predictions from the model are compared, and the model’s parameters are altered until the two line up. The aim of the training is to develop the model’s ability to generalize successfully.
Artificial intelligence together with its most talked about subcategory machine learning are probably the biggest two factors impacting the entire business world and transforming it. We may not always realize how these technologies are involved in our day-to-day life, but in reality, they’re present in a lot of aspects. In a business context, almost every industry leverages the power of artificial intelligence and machine learning – from traveling industry to transportation industry to the healthcare industry and many more. In this post, we’re going to explore the impacts of these two technologies on the finance industry.