Machine Learning
Overview
Machine learning is a subset of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. This field focuses on the development of computer programs that can access data and use it to learn for themselves.
History
The term "machine learning" was coined in 1959 by Arthur Samuel, a pioneer in the field of artificial intelligence and computer gaming. The concept, however, has roots in the theoretical underpinnings of computer science and information theory that date back to the 1940s.
Types of Machine Learning
Machine learning algorithms are often categorized as supervised or unsupervised.
Supervised Machine Learning Algorithms
Supervised machine learning algorithms can apply what has been learned in the past to new data using labeled examples to predict future events. The system is able to provide targets for any new input after sufficient training.
Unsupervised Machine Learning Algorithms
Unsupervised machine learning algorithms are used when the information used to train is neither classified nor labeled. The system is not told the "right answer." The algorithm must figure out what is being shown.
Semi-Supervised Machine Learning Algorithms
Semi-supervised machine learning algorithms fall somewhere in between supervised and unsupervised learning, since they use both labeled and unlabeled data for training – typically a small amount of labeled data and a large amount of unlabeled data.
Reinforcement Machine Learning Algorithms
Reinforcement machine learning algorithms is a learning method that interacts with its environment by producing actions and discovers errors or rewards.
Applications of Machine Learning
Machine learning applications are all around us. Some of the most common applications include web search results, real-time ads on web pages and mobile devices, email spam filtering, network intrusion detection, and pattern and image recognition.
Healthcare
Machine learning is a fast-growing trend in the healthcare industry, thanks to the advent of wearable devices and sensors that can use data to assess a patient's health in real time.
Finance
Machine learning is heavily used in finance where it is used to detect fraudulent transactions, credit scoring, algorithmic trading, portfolio management, and loan underwriting.
Marketing
In marketing, machine learning can be used to increase customer satisfaction, improve cross-selling opportunities, and retain customers.
Education
Machine learning is changing education, making way for the next generation of learning.
Challenges in Machine Learning
Despite the immense possibilities of machine learning, it also presents several challenges. These include the availability and quality of training data, the transparency of the decision-making process, and the ethical implications of decisions made by machine learning systems.
Future of Machine Learning
The future of machine learning is vast and promising. With the rise of quantum computing, machine learning algorithms will become faster and more complex, providing solutions to problems that are currently beyond our reach.