CH.3 Machine Learning and AI
CH.3 Machine Learning and AI
Faculty of ICT
1. Retail
Retail has been augmented hugely by AI/ML as it
has become hugely dependent on them. It
has made it possible for the companies to
determine the need and the demand for the
product before the product is released so
that they can avoid potential risks and losses
which may occur after the release of the
product.
• The involvement of AI/ML techniques in the retail
sector has not only allowed companies to save
money but also earn huge profits by customizing
the search results and recommendations for each
user based on the previously searched and
purchased items.
2. Finance
AI/ML offers accurate solutions for shared datasets
that increase the efficiency and safety of the
financial system. AI/ML also plays a significant role
in financial advisory services as they are
considered unparalleled in the field of decision
making.
• It also advises people regarding the stocks they
need to buy, hold and sell
• AI/ML also helps a person to manage their
expenses
3. Healthcare
AI/ML ensures proper healthcare is provided to
every individual and there are no issues prevalent
in managing the patients and their data.
AI/ML has a lot of scope in medical science as it
helps to improve diagnostic methods and also
helps in detecting the diseases quite accurately
which sometimes may be overlooked by doctors.
• For example, AI/ML can aid doctors to detect if a
person is suffering from particular disease, what
are the affected areas and what is the degree of
severity of disease; leaving doctors to focus on the
main part of the problem and saving them a lot of
time which gives them more time in hand to treat
other patients.
• This process saves a lot of money and time of the
patient and allows them to receive the treatment
quickly.
• AI/ML also helps to eliminate errors that may
occur during diagnosis
4. Media and Entertainment
• AI/ML also allows companies to make their
content more accessible to costumers as
customers have become more powerful than
ever before due to rapid digitization.
• AI/ML looks into users’ information, social
media behavior and usage pattern with help
of predictive analytics for better segmentation
and targeting.
5. Transportation
• AI/ML has also been continuously aiming to
reduce costs and generate more sales by
delivering products with a much shorter lead
time.
• Transportation companies use AI/ML
techniques to detect real-time traffic detection
and aid in optimizing routes thus providing
faster traffic navigation. This proves to be
profitable for both customers and companies.
• Auto prediction of the path of cyclists and
pedestrians also aids in reducing injuries and
traffic accidents.
• AI/ML has also given the new buzz in the
transportation sector by introducing self-
driving cars that help in reducing car accidents
on highways.
Neural Networks
• The development of neural networks has been key
to teaching computers to think and understand the
world in the way we do, while retaining the innate
advantages they hold over us such as speed,
accuracy and lack of bias.
• A Neural Network is a computer system designed to
work by classifying information in the same way a
human brain does. It can be taught to recognize, for
example, images, and classify them according to
elements they contain.
Cont…
• Machine Learning applications can read text
and work out whether the person who wrote
it is making a complaint or offering
congratulations.
• They can also listen to a piece of music, decide
whether it is likely to make someone happy or
sad, and find other pieces of music to match
the mood
THE END
THANK YOU