Demystifying Machine Learning: An Overview

Have you ever had a credit card transaction declined when it shouldn't have been? Or been on the receiving end of a personalized email or web ad? Have you ever noticed a site giving you recommendations for things you might be interested in when you're shopping online? And my last example, have you ever had an offer from a company designed to stop you from leaving them as a customer? If any of these things have happened to you, then you've probably been on the receiving end of a machine learning algorithm, employed by a company you do business with (or in some cases, have merely considered doing business with). We're going to take you behind the scenes and give you a layman's view of machine learning so you can see what kind of problems they can solve.