4 Ways You Trust Machine Learning

Additionally, the fraud detection and prevention programs that keep your bank account safe are also utilizing predictive analytics. The most sophisticated of these programs analyze your spending habits and compare each purchase against them. The purchases themselves also have fraudulence probability scores (a 1,000 online purchase paid to a company based in Timbuktu is more likely to be fraudulent than a 200 purchase at your local grocery store). If anything seems fishy, the bank sends you an alert to ensure your funds aren't compromised if fraud is, in fact, taking place.