Statistics and Machine Learning – Do Statistics and ML walk together like partners?. Is Machine learning just a polished or glorified version of statistics?. There are many questions such as this, at least in my mind. Even today I get these questions from many of my fellow lab members. […]
Amalgamating the latest technology of artificial intelligence like predictive analytics and cognitive messaging to serve millions of customers is now a new winning strategy. AI and regulation are paving the way for Fintech. Artificial intelligence is a new factor of production and has the conceivable potential to introduce new sources of growth, reinventing the business in place, changing how work is done and reinforcing the role of people to drive growth in business.
ML gets the problem-solving call in conjunction with deep learning artificial neural networks. As these jargons i.e AI, ML, DL or ANN etc may be getting their day in the sun, but they’ve been around for a while. It’s just in the past 5-10 years that they have gained traction, technology that was once niche is now becoming more mainstream and cost-effective reaching to common man. Until recent machine learning was known as historical phenomena in the worlds of academia and supercomputing.