Tag Archives: ai
Data-centric vs Model-centric AI: Concepts, Examples
There is a lot of discussion around AI and which approach is better: model-centric or data-centric. In this blog post, we will explore both approaches and give examples of each. We will also discuss the benefits and drawbacks of each approach. By the end of this post, you will have a better understanding of both AI approaches and be able to decide which one is right for your business! As product managers and data science architects, you should be knowledgeable about both of these AI approaches so that you can make informed decisions about the products and services you build. Model-centric approach to AI Model-centric approach to AI is about …
What is Machine Learning? Concepts & Examples
Machine learning is a machine’s ability to learn from data. It has been around for decades, but machine learning is now being applied in nearly every industry and job function. In this blog post, we’ll cover a detailed introduction to what is machine learning (ML) including different definitions. We will also learn about different types of machine learning tasks, algorithms, etc along with real-world examples. What is machine learning & how does it work? Simply speaking, machine learning can be used to model our beliefs about real-world events. For example, let’s say a person came to a doctor with a certain blood report. A doctor based on his belief system …
AI Product Manager Interview Questions
AI has become such an integral part of our lives that it is important to hire professionals who can help create AI / machine learning products that will be used by many people. These AI product manager interview questions will give you insight into your candidate’s experience, skills, and industry knowledge so that you can get prepared in a better manner before appearing for your next interview as an AI product manager. Check out a detailed interview questions and answers with greater focus on machine learning topics. Before getting into the list of interview questions, lets understand what can be the job description of an AI product manager. How to …
Hypothesis Testing Steps & Real Life Examples
Hypothesis testing is a technique that helps scientists, researchers, or for that matter, anyone test the validity of their claims or hypotheses about real-world or real-life events. Hypothesis testing techniques are often used in statistics and data science to analyze whether the claims about the occurrence of the events are true, whether the results returned by performance metrics of machine learning models are representative of the models or they happened by chance. This blog post will cover some of the key statistical concepts including steps and examples in relation to what is hypothesis testing, and, how to formulate them. The knowledge of hypothesis formulation and hypothesis testing holds the key …
Insurance Machine Learning Use Cases
As insurance companies face increasing competition and ever-changing customer demands, they are turning to machine learning for help. Machine learning / AI can be used in a variety of ways to improve insurance operations, from developing new products and services to improving customer experience. It would be helpful for product manager and data science architects to get a good understanding around some of the use cases which can be addressed / automated using machine learning / AI based solutions. In this blog post, we will explore some of the most common insurance machine learning / AI use cases. Stay tuned for future posts that will dive into each of these …
Invoice Processing Machine Learning Use Cases
Invoice processing is a critical part of any business. It’s the process of creating, managing, and paying invoices. Without invoice processing, businesses would have a difficult time keeping track of their finances. There are many different invoice processing use cases. For example, businesses can use invoice processing to keep track of customer payments, manage vendor contracts, and streamline their accounting processes. Invoice processing can also be used to detect fraud and prevent errors. Machine learning / AI can be used to improve invoice processing in a number of ways. As a product manager, it will be helpful to understand these use cases and how machine learning can be used to …
Loan Eligibility Prediction using Machine Learning
It is no secret that the loan industry is a multi-billion dollar industry. Lenders make money by charging interest on loans, and borrowers want to get the best loan terms possible. In order to qualify for a loan, borrowers are typically required to provide information about their income, assets, and credit score. This process can be time consuming and frustrating for both lenders and borrowers. In this blog post, we will discuss how AI / machine learning can be used to predict loan eligibility. As data scientists, it is of great importance to understand some of challenges in relation to loan eligibility and how machine learning models can be built …
Healthcare & Machine Learning Use Cases / Projects
AI & Machine learning is being used more and more in the healthcare industry. This is because it has the potential to improve patient outcomes, make healthcare more cost-effective, and help with other important tasks. In this blog post, we will discuss some of the healthcare & AI / machine learning use cases that are currently being implemented. We will also talk about the benefits of using machine learning in healthcare settings. Stay tuned for an exciting look at the future of healthcare! What are top healthcare challenges & related AI / machine learning use cases? Before getting into understand how machine learning / AI can be of help in …
Marketing Analytics Machine Learning Use Cases
If you’re like most business owners, you’re always looking for ways to improve your marketing efforts. You may have heard about marketing analytics and machine learning, but you’re not sure how they can help you. Marketing analytics is an essential tool for modern marketers. In this blog post, we will discuss some of the ways marketing analytics and AI / machine learning / Data science can be used to improve your marketing efforts. We’ll also give some real-world examples of how these technologies are being used by businesses today. So, if you’re ready to learn more about marketing analytics and machine learning, keep reading! What is marketing and what are …
Cash Forecasting Models & Treasury Management
As a business owner, you are constantly working to ensure that your company has the cash it needs to operate. Cash forecasting is one of the most important aspects of treasury management, and it’s something that you should be paying attention to. Cash forecasting is a great example of where machine learning can have a real impact. By using historical data, we can build models that predict future cash flow for a company. This enables treasury managers to make better decisions about how to allocate resources and manage risks. As data scientists or machine learning engineers, it is important to be able to understand and explain the business value of …
Supply chain management & AI / Machine Learning
As supply chains become more complex, businesses are looking for new ways to optimize and automate their supply chain operations. One area that is seeing a lot of growth is the use of artificial intelligence (AI) and machine learning in supply chain management. There are many different applications for these technologies in supply chain management, from forecasting demand to optimizing inventory levels. In this blog post, we will explore some of the most interesting use cases for AI and machine learning in supply chain management. What is supply chain management and what are its key components? Supply chain management is the process of coordinating and controlling the flow of goods, …
Artificial Intelligence (AI) for Telemedicine: Use cases, Challenges
In this post, you will learn about different artificial intelligence (AI) use cases of Telemedicine / Telehealth including some of key implementation challenges pertaining to AI / machine learning. In case you are working in the field of data science / machine learning, you may want to go through some of the challenges, primarily AI related, which is thrown in Telemedicine domain due to upsurge in need of reliable Telemedicine services. What is Telemedicine? Telemedicine is the remote delivery of healthcare services, using digital communication technologies. It has the potential to improve access to healthcare, especially in remote or underserved communities. It can be used for a variety of purposes, including …
Linear Regression Explained with Real Life Example
In this post, the linear regression concept in machine learning is explained with multiple real-life examples. Both types of regression models (simple/univariate and multiple/multivariate linear regression) are taken up for sighting examples. In case you are a machine learning or data science beginner, you may find this post helpful enough. You may also want to check a detailed post on what is machine learning – What is Machine Learning? Concepts & Examples. What is Linear Regression? Linear regression is a machine learning concept that is used to build or train the models (mathematical models or equations) for solving supervised learning problems related to predicting continuous numerical value. Supervised learning problems …
What is Data Science? Concepts & Examples
What is data science? This is a question that many people are asking, and for good reason. Data science is a relatively new field, and it covers a lot of ground. In this blog post, we will discuss what data science is, and we will give some examples of how it can be used to solve problems. Stay tuned, because by the end of this post you will have a clear understanding of what data science is and why it matters! What is Data Science? Before understanding what is data science, let’s understand what is science? Science can be defined as a systematic and logical approach to discovering how things …
Key Challenges for Data Science / AI Projects Implementation
In this post, you will learn about some of the key challenges in relation to achieving successful AI / machine learning (ML) or Data science projects implementation in a consistent and sustained manner. As AI / ML project stakeholders including senior management stakeholders, data science architects, product managers, etc, you must get a good understanding of what would it take to successfully execute AI / ML projects and create value for the customers and the business. Whether you are building AI / ML products or enabling unique models for your clients in SaaS setup, you will come across most of these challenges. Understanding the problem Many times, the nature of …
What is Explainable AI? Concepts & Examples
What is explainable AI (XAI)? This is a question that more people are asking, as they become aware of the potential implications of artificial intelligence. Simply put, explainable AI is the form of AI that can be understood by humans. It is AI that provides an explanation for its decisions and actions. It provides humans with the ability to explain how decisions are made by machines. This helps people trust and understand what’s happening, instead of feeling like their information is being taken advantage of or used without their permission. This is important, as many people are concerned about the increasing use of AI in our lives, especially in healthcare. …
