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Machine Learning Algorithms & Use Cases

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In this blog, we are going to discuss the main Machine Learning Algorithms and their uses.

Machine learning may be a methodology of data analysis that automates analytical model building. It’s a branch of Artificial Intelligence that supported the concept that systems will learn from data, determine patterns and create selections with the lowest human intervention.

Types of Machine Learning

There are three main categories of machine learning:

  1. Supervised learning
  2. Unsupervised learning
  3. Reinforcement learning

Supervised Learning

Supervised learning is similar to a child learning under the guidance of a supervisor or a teacher.
Here are some of the most important supervised learning algorithms and their uses:

Text Analytics

Text Analytics is the process of drawing meaning out of written communication.
Derives high-quality information from the text – Answers questions like, What info is in this text?

Text Analytics

Algorithms Why should we use
Extract N-Gram Features from Text Creates a dictionary of n-grams from a column of free text.
Feature Hashing. Converts text data to integer encoded features using the Vowpal Wabbit library.
Preprocess Text Performs cleaning operations on text, like removal of stop-words, case normalization.
Word2Vector Converts words to values for use in NLP tasks, like recommender,
named entity recognition, machine translation.

Image Classification

Image classification refers to the task of extracting data categories from a multiband formation image.
Classifies pictures with well-liked networks – Answers queries like: What will this image represent?

Image Classification

Algorithms Why should we use
DenseNet Because it has High accuracy, better efficiency.

Regression

Regression may be a method utilized in finance, investing, and different disciplines that attempt to verify the strength and character of the link between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables).
Makes forecasts by estimating the relationship between values – Answers queries like, what quantity or however many?

Regression

Algorithms Why should we use
Fast Forest Quantile Regression. Predicts a distribution.
Poisson Regression. Predicts event counts.
Linear Regression. Fast training, linear model.
Bayesian Linear Regression Linear model, small data sets.
Decision Forest Regression Accurate, fast training times.
Neural Network Regression Accurate, long training times.
Boosted Decision Tree Regression Accurate, fast training times, large memory footprint.

Two-Class Classification

It is a classification of two groups, i.e. classifies objects in at most two classes.
Answers simple two-choice questions, like yes or no, true or false – Answers questions like Is this A or B?

Two-Class Classification

Algorithms Why should we use
Two-Class Support Vector Machine Under 100 features, linear model.
Two-Class Averaged Perceptron Fast training, linear model.
Two-Class Decision Forest Accurate, fast training.
Two-Class Logistic Regression Fast training, linear model.
Two-Class Boosted Decision Tree Accurate, fast training, large memory footprint.
Two-Class Neural Network Accurate, long training times.

Multiclass Classification

There will be any range of categories in it, i.e., classifies the item into quite 2 categories.
Answers complicated queries with multiple attainable answers – Answers queries like: Is that this A or B or C or D?

Multiclass Classification

Algorithms Why should we use
Multiclass Logistic Regression Fast training times, linear model.
Multiclass Neural Network Accuracy, long training times.
Multiclass Decision Forest Accuracy, fast training times.
One-vs-All Multiclass Depends on the two-class classifier.
Multiclass Boosted Decision Tree Non-parametric, fast training times and scalable.

Anomaly Detection

Anomaly detection is named the identification of things or events that don’t adjust to an expected pattern or to different items gift in an exceeding dataset.
Identifies and predicts rare or uncommon information points – Answers the question: is that this weird?

Anomaly Detection

Algorithms Why should we use
One Class SVM Under 100 features, aggressive boundary.
PCA-Based Anomaly Detection Fast training times.

Check Out: Best Data Science Interview Questions.

Unsupervised Learning

Unsupervised learning is similar to a child trying to figuring out things all by itself, without any guidance or supervision.
Unsupervised Learning uses unlabeled data and tries to predict unknown patterns in the data.

Types and uses of unsupervised learning are:

Clustering

Clustering is that the task of dividing the population or data points into a spread of groups such data points among identical groups are to boot like completely different data points among identical clusters than those in numerous groups. In simple words, the aim is to segregate groups with similar traits and assign them into clusters.
Separates similar data points into intuitive teams – Answers queries like: however, is that this organized?

Clustering

Algorithms Why should we use
K-Means Unsupervised learning.

Recommenders

Recommender systems are the systems that are designed to suggest things to the user-supported many alternative factors. These systems predict the foremost doubtless product that the users are presumably to buy and are of interest to.
Predicts what somebody will be curious about – Answers the question: what’s going to they have an interest in?

Recommenders

Algorithms Why should we use
SVD Recommender Collaborative filtering, better performance with lower cost by reducing the dimensionality.

Check Out: Our blog post on DevOps for Data Science.

Real-world machine learning use cases:

Here are just a few examples of machine learning you might encounter every day :

Use Cases

Speech Recognition It is also known as automatic speech recognition (ASR), computer speech recognition, or speech-to-text, and it is a capability that uses natural language processing (NLP) to process human speech into a written format. Many mobile devices incorporate speech recognition into their systems to conduct voice search—e.g. Siri—or provide more accessibility around texting.
Automated stock trading Designed to optimize stock portfolios, AI-driven high-frequency trading platforms make thousands or even millions of trades per day without human intervention.
Computer Vision This AI technology allows computers and systems to derive purposeful data from digital pictures, videos, and different visual inputs and supported those inputs, it will take action. This ability to supply recommendations distinguishes it from image recognition tasks. steam-powered by convolutional neural networks, laptop vision has applications among ikon tagging in social media, radiology imaging intending, and self-driving cars among the automotive trade.
Transportation Analyzing information to spot patterns and trends is vital to the transportation trade, which depends on creating routes additional economical and predicting potential issues to extend profit. the information analysis and modeling aspects of the machine learning area unit are vital tools to delivery firms, public transportation, and different transportation organizations.
Customer Service Online chatbots are commutation human agents on the client journey. They answer frequently asked queries (FAQs) around topics, like shipping, or offer customized recommendations, cross-selling merchandise, or suggesting sizes for users, ever-changing the manner we expect regarding client engagement across websites and social media platforms. Examples include electronic messaging bots on e-commerce sites with virtual agents, electronic messaging apps, like Slack and Facebook messenger, and tasks typically done by virtual assistants and voice assistants.
Recommendation Engines Using past consumption behavior data, AI algorithms will facilitate to get data trends that may be wont to develop simpler cross-selling ways. this is used to create relevant add-on recommendations to customers throughout the checkout method for online retailers.
Financial services Banks and different businesses within the monetary business use machine learning technology for 2 key purposes: to spot vital insights into knowledge, and forestall fraud. The insights will determine investment opportunities or facilitate investors’ grasp once to trade. data processing may determine shoppers with bad profiles or use cyber police work to pinpoint warning signs of fraud.
Health care Machine learning may be a fast-growing trend within the health care business, due to the appearance of wearable devices and sensors that may use knowledge to assess a patient’s health in the time period. The technology may facilitate physicians to analyze knowledge to spot trends or red flags that will result in improved diagnoses and treatment.

Conclusion

By now, you would have had a thorough understanding of what Machine Learning is and how this concept has evolved over a period of time. Artificial Intelligence will be the driving force for innovations in the upcoming time and have the potential to solve the world’s striking problems from various domains.

Related/References

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