Machine learning has opened new doorways for technology to become more interactive, user-friendly and customised. The new and improved data science branch has taken the world by storm and has become a mainstay in our daily lives. Machine learning has been instrumental in making computer-systems, networks and other servers capable of learning by themselves without minimal human support. Be it analysing large data-sets, recognising patterns, or gathering meaningful insights, machine learning’s potential is enormous and provides viable solutions for humans. The implementation of machine learning in different areas such as data analytics, data science, artificial intelligence and other big data sectors has allowed the reformation of technologies.
The following stats highlight the role of machine learning is playing in transforming lives around us:-
- As per Gartner’s reports, the year 2020 saw an astonishing 85% of human interactions being handled without humans
- Nearly 80% of business and tech giants believe that AI and machine learning bolsters business productivity by 40%
- As per Towards Data Science reports, machine learning, deep learning and natural language processing are amongst the most in-demand skills on Monster.com.
The stats, as mentioned above, accurately describe the explosion of machine learning techniques and tools in current scenarios.
Getting Educated from Correct Sources
Professionals looking to move into a career in machine learning must have a solid understanding of its core models, algorithms and technicalities. Enrolling for an online program in machine learning and big data analytics will allow fresh graduates and new data science engineers to develop robust knowledge of these domains.
Professionals, upon completing this course can work in data science engineer or in a machine learning engineer capacity. Furthermore, pursuing big data courses from reputable institutes can provide a competitive edge to learners and make them job-ready for acquiring prosperous roles. The IIM Raipur machine learning online course is one such reliable course that aims to provide informative intel to learners. Professionals need to understand the various applications of machine learning that have made life easier for humans.
Applications of Machine Learning Models
Machine learning has become the talk of the town, the word that attracts crowds and a certain buzzword in the technical world. All this has been possible due to its countless applications that have allowed technology to become more interactive, reactive and sustainable.
An online program in machine learning and big data analytics will render professionals with the following applications of machine learning that have become an indispensable part of human lives:-
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Speech Recognition Softwares
Imagine if there was software that could recognise human speech and operate on human commands. Such a game-changer right?! Now with the speech identification options provided by Google such as “search by voice” and home devices such as Alexa, machines can identify speech and perform tasks accordingly.
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Filtering Emails and Sending it to Spam Folder
With the current email technology, humans send and receive numerous emails and other jargon daily. It becomes challenging to filter emails that are credible and are not spam. Machine learning plays a big role in sifting through emails and marking them as spam. Gmail is a potent user of email filtering and has filters such as content, header, permission and rules-based filter.
There are machine learning algorithms that come into play while filtering email. They include- decision and binary trees and naive Bayes classification models.
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Detection of Online Fraud
Technology brings many disadvantages: online fraud, fake ids, fake accounts, money laundering, and other unethical practices. Machine learning provides a solution to dealing with identity threats and other online scams by employing feed-forward neural network systems that evaluate whether the transaction is genuine or fraud.
For every genuine transaction output, certain hash values are generated that become the input for the next identification. This loop-based algorithm recognises a specific pattern and makes online transactions more secure.
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Prediction of Traffic
The traffic prediction models have been instrumental in providing the shortest routes for reaching destinations. Incorporating real-time location and the average time taken metrics provided by traffic prediction software such as Google Maps allows for smooth navigation.
These traffic prediction models gather user’s information and send data to its database, thereby making the prediction model intelligent.
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Recommending Online Products through E-Commerce Websites
Machine learning provides users with product recommendations based on customer’s interests, search patterns and other metrics. Search engines are smart enough to understand and analyse the machine learning algorithms in place. Upon clicking for a particular online advertisement or viewing a product, the search engine notices the customer preferences and displays it again.
The IIM Raipur machine learning online program teaches about different algorithms that provide customisable recommendations to users. Certain examples of this recommending products include Amazon, Netflix and Google advertisements.
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Self-Driven Cars Becoming Mainstream
Machine learning has set a new benchmark in robotics and self-learning mechanisms by inventing cars that can drive by itself. These automated cars can navigate through traffic, change speed, shift gears and analyse when a speed bump or roadblock appears.
Unsupervised learning algorithms play a centric role in self-driven automobiles. Tesla is a prime example of deploying self-driven cars.
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Stock-Trading and Prediction
Stock trading is a challenging aspect for machine learning and undergoes several fluctuations throughout the day. The long short-term memory neural network takes care of the prediction patterns and provides the stock prices for shares on a regular basis.
Conclusion
The different types of algorithms, models and their applications discussed above have been at the base of some revolutionary products, services and goods that have made life smooth for humans. Be it speech recognition software, detecting online fraud, predicting stock prices, deploying self-driven cars, recommending products, navigation through traffic or sorting our emails, machine learning has touched nearly every facet of our lives.
Therefore, developing understandings of this domain through an online program in machine learning and big data analytics will assist professionals in their career paths. Moreover, the IIM Raipur machine learning online course will provide learners with information that will prepare them for surmounting challenges that lie ahead.
More Information:
Reinvent your Career by Learning Artificial Intelligence
Basic Concepts Of Machine Learning To Get You Started
5 Tips on How to Start a Career in Machine Learning 2022
What are the Machine Learning Applications that Make Human Lives Smoother?
