Machine Learning vs Statistics

Many people have this doubt, what's the difference between statistics and machine learning? Is there something like machine learning vs. statistics? From a traditional data analytics standpoint, the answer to the above question is simple. Machine Learning is an algorithm that can learn from data without relying on rules-based programming. Statistical modeling is a formalization of relationships between variables in the data in the form of mathematical equations. Machine Learning is an algorithm that can learn from data without relying on rules-based programming.