What is Machine Learning?
Simply put, ML uses gathered and prepared data, be it numbers, photos, or text, and finds patterns and/or makes predictions. The more data human programmers provide, the better the program will be. After programmers supply the data, they then choose which ML model they want to use, and the computer trains itself. Then, programmers can also encourage more accurate results by altering the model and changing its parameters if needed.
There are three types of ML:
1. Supervised ML
Supervised ML uses past data to make predictions. As the most common type of ML, it uses labeled data sets and will become more accurate as the model learns over time. A widely used example is an email spam filter. It uses algorithms to predict which emails are spam and which aren’t after looking at data like past received emails. Email services that use ML for their spam filters include Gmail, Yahoo, and Outlook.
2. Unsupervised ML
Unsupervised ML finds hidden patterns in unlabeled data. An example of this would be Facebook’s facial recognition. When users post a new image, Facebook will predict who’s in this photo by looking at their friends’ profile pages, available images, and other available data. Then, users can tag those people in the image, if they want to.
3. Reinforcement ML
Reinforcement ML goes through trial and error to make the best decision by training machines. This type of ML is generally used to increase overall efficiency. An example of reinforcement ML in practice is the recommendations a user gets after finishing a video on YouTube. Just like other ML types, the more data it receives, the more accurate it is. If users click on the recommended video but don’t finish it until the end, the machine understands that it wasn’t a great match.
While the benefits vary across industries, businesses can gain an overall increase in efficiency when investing in ML. And many ML tools are relatively inexpensive as well as easy to use. For businesses, both big and small, investing in ML can help save valuable time and money. So, it’s no wonder why so many businesses are already taking advantage of everything ML has to offer.
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