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Wednesday, November 06, 2019

The Next-Generation Applications Of Artificial Intelligence And Machine Learning | Innovation - Forbes

We have progressed from the development stage of artificial intelligence (AI) and machine learning (ML) technology into widespread implementation across industries, says Chithrai Mani, VP of Digital Transformation for InfoVision, focused on digital transformation.

Photo: Forbes

This advanced technology is everywhere, but most people don’t know they interact with it daily. From virtual personal assistants like Siri and Alexa to the recommended shows that Netflix serves up based on viewing habits, ML powers these tools we’ve become so accustomed to using — even if we don't stop to think about how it happens. 

What’s the difference between AI and ML?
AI is computer science that is focused on the capabilities of machines to imitate intelligent human behavior. AI allows computers to process large amounts of information and data and provide a computer-generated conclusion. ML enables computers to learn — and also learn how to learn. These advances are revolutionizing modern life and business...

As reported in MIT News, the big challenge we face with using machine learning to detect fraud is dealing with false positives. To help reduce the challenge of false positives, researchers at MIT's Laboratory for Information and Decisions Systems (LIDS) developed an approach that reduces false positives by 54%.
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Source: Forbes