Machine Learning: Value For Business
[ad_1] Machine learning (ML) algorithms allows computers to define and apply rules which were not described explicitly by the developer.There are quite a lot of articles devoted to machine learning algorithms. Here is an attempt to make a "helicopter view" description of how these algorithms are applied in different business areas. This list is not an exhaustive list of course.The first point is that ML algorithms can assist people by helping them to find patterns or dependencies, which are not visible by a human.Numeric forecasting seems to be the most well known area here. For a long time computers were actively used for predicting the behavior of financial markets. Most models were developed before the 1980s, when financial markets got access to sufficient computational power. Later these technologies spread to other...