Machine learning techniques are accelerating almost daily to bring good value to the businesses of today. It is revolutionizing the way we do our business and what should be done to improve upon it. ML develops its own encompassing strategy from the experience it comes across over the period.
Reinforcement learning is closely related to dynamic programming approaches to Markov decision processes (MDP). MDP solve a partially observable problem. POMDPs received a lot of attention in the reinforcement learning community. As its a process of discrete-time stochastic control to provide a mathematical framework for decision-making modelling.
Present-day technology has allowed machines to achieve skills previously exclusive to humans, such as improved decision-making abilities and game proficiency. The ability for machines to analyze and recognize patterns and subsequently retain this information for future reference has made it achievable. Nowadays, the biggest challenge lies in locating capable resources who can display and distinguish their knowledge acquired from practical business scenarios rather than indulging in online debates with others, as found in university and PhD literature.
Reinforcement learning can be understood by using the concepts of agents, environments, states, actions and rewards. This is an area of machine learning; where there’s no answer key, but RL agent still has to decide how to act to perform its task. The agent is inspired by behaviourist psychology who decide how and what actions will taken in an environment to maximize some notion of cumulative reward.