- What is Machine Learning?
"Machine learning is the method of data analysis that automates analytical model building without being explicitly programming."
"Machine Learning at its most basic is the practice of using algorithms to parse data, learn from it, and then make a determination or prediction about something in the world.” – Nvidia
“Machine learning is the science of getting computers to act without being explicitly programmed.” – Stanford
“Machine learning is based on algorithms that can learn from data without relying on rules-based programming.”- McKinsey & Co.
“Machine learning algorithms can figure out how to perform important tasks by generalizing from examples.” – University of Washington
- Why Machine Learning is Important?
Resurging interest in Machine Learning is due to the same factors that have made data mining and Bayesian analysis more popular than ever. Things like growing volumes and varieties of available data, computational processing that is cheaper and more powerful,
and affordable data storage.
All of these things means it's possible to quickly and automatically produce models that can analyse bigger,
more complex data and deliver faster, more accurate results - even on very large scale. And by building precise models, an organisation has a better chance of identifying profitable opportunities- or avoiding unknown risk.
- Evolution of Machine Learning.
- Few decades ago machine learning was born from pattern recognition and theory that computers can learn without programmed to perform specific tasks.
- According to researches the artificial intelligence wanted to learn computers from the data.
- Because of new computer technologies, machine learning today is not like machine learning of the past.The iterative aspect of machine learning is important because as models are exposed to new data, they are able to independently adapt. They learn from previous computations to produce reliable, repeatable decisions and results. It’s a science that’s not new – but one that has gained fresh momentum.
- Did you know?
- In machine learning, a target is called a label.
- In statistics, a target is called a dependent variable.
- A variable in statistics is called a feature in machine learning.
- A transformation in statistics is called feature creation in machine learning.