As more and more business apps and BI systems develop enhanced AI capabilities; the popularity of AI-powered business solutions will grow. The market for automated ML and packaged apps will continue to grow in the coming decade. The ability of UI to engage with users has gained popularity in every kind of business application.
“Based on convolutional neural networks, the machine learning system is used to analyze, manage, and respond to complex emails from clients. This has significantly improved our engagement with customers and reduced the period of lead to cash cycle. “– Customer Strategy Head, Leading Financial Services Company.
ML provides methods, techniques, and tools that can help in solving diagnostic and prognostic problems in a variety of medical domains. It is being used for the analysis of the importance of clinical parameters and of their combinations for prognosis, e.g. prediction of disease progression, for the extraction of medical knowledge for outcomes research, for therapy planning and support, and for overall patient management. ML is also being used for data analysis, such as detection of regularities in the data by appropriately dealing with imperfect data, interpretation of continuous data used in the Intensive Care Unit, and for intelligent alarming resulting in effective and efficient monitoring.
Speech recognition (SR) is the translation of spoken words into text. It is also known as “automatic speech recognition” (ASR), “computer speech recognition”, or “speech to text” (STT).
In speech recognition, a software application recognizes spoken words. The measurements in this Machine Learning application might be a set of numbers that represent the speech signal. We can segment the signal into portions that contain distinct words or phonemes. In each segment, we can represent the speech signal by the intensities or energy in different time-frequency bands. Although the details of signal representation are outside the scope of this program, we can represent the signal by a set of real values.
Classification helps analysts to use measurements of an object to identify the category to which that object belongs. To establish an efficient rule, analysts use data. Data consists of many examples of objects with their correct classification.
For example, before a bank decides to disburse a loan, it assesses customers on their ability to repay the loan. By considering factors such as customer’s earning, age, savings and financial history we can do it. This information is taken from the past data of the loan. Hence, Seeker uses to create a relationship between customer attributes and related risks.
Information Extraction (IE) is another application of machine learning. It is the process of extracting structured information from unstructured data. For example web pages, articles, blogs, business reports, and e-mails. The relational database maintains the output produced by the information extraction.
The process of extraction takes input as a set of documents and produces a structured data. This output is in a summarized form such as an excel sheet and table in a relational database.Nowadays extraction is becoming a key in the big data industry.