From statistics to machine learning
In this section, we step beyond the known confines of statistics. We’re about to investigate a field that’s become the beating heart of business intelligence and innovation – machine learning.
What is machine learning?
Machine learning is a subfield of AI that employs statistical techniques to enable computer systems to learn from data. It centers on developing algorithms that can learn patterns from data to make predictions or decisions. The keyword here is learn, as unlike rule-based algorithms within computer science, machine learning systems operate by training a model based on input data, then using that model to make predictions or understand patterns in the data, rather than following static program instructions.
To put it simply, think of a child first learning to speak. After hearing many people speak around them – parents, relatives, and friends – the child learns language and grammar without...