Tag Archives: ai

Linear Regression Explained with Real Life Example

Multiple linear regression 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 …

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What is Machine Learning? Concepts & Examples

what is machine learning

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 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 learned …

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Hypothesis Testing Explained with Examples

Hypothesis Testing Workflow

Hypothesis testing is a statistical technique that helps scientists and researchers test the validity of their claims about real-world/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. This blog post will cover some of the key statistical concepts along with examples in relation to how to formulate hypotheses for hypothesis testing. The knowledge of hypothesis formulation and hypothesis testing holds the key to solving business problems using data science. You may want to check out this post on how hypothesis testing is at the heart of data science – What is data science? In …

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What is Data Science? Concepts & Examples

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 …

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Key Challenges for Data Science / AI Projects Implementation

Challenges related to Machine Learning Projects Implementations

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 …

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What is Explainable AI? Concepts & Examples

Explainable AI - SHAP Explainability

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. …

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Different Success / Evaluation Metrics for AI / ML Products

Success metrics for AI and ML products

In this post, you will learn about some of the common success metrics that can be used for measuring the success of AI / ML (machine learning) / DS (data science) initiatives / projects / products. If you are one of the AI / ML stakeholders including product managers, you would want to get hold of these metrics in order to apply right metrics in right business use cases. Business leaders do want to know and maximise the return on investments (ROI) from AI / ML investments.  Here is the list of success metrics for AI / DS / ML initiatives: Business value metrics / key performance indicators (KPIs): Business …

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12 Weeks Free course on AI: Knowledge Representation & Reasoning (IIT Madras)

IIT madras free course ai knowledge representation

Are you interested in learning about exploring a variety of representation formalisms and the associated algorithms for reasoning in Artificial intelligence? IIT Madras is going to offer a free online course on AI: knowledge representation and reasoning. This course will help you understand the basics of knowledge representation and reasoning. You’ll learn how to solve problems using logic, how to build intelligent systems that can interpret natural language, reason using formal methods and more. The course is taught by Professor Deepak Khemani, who has over 20 years of experience teaching at IIT Madras. Prof. Khemani is a Professor at Department of Computer Science and Engineering. He’s also written several books …

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NIT Warangal offers one-week online training on AI, Machine Learning

NIT Warangal one week course on AI and machine learning

Are you interested in learning about AI and Machine Learning, or refresing your concepts? NIT Warangal offers one-week online paid training (minimal fees) on AI, Machine Learning. This program is a great opportunity for students to learn about AI & machine learning basics and advanced concepts. It is organized by the Department of Electronics and Communication Engineering & Department of R&D in association with Center of Continuing Education. It will be taught by experience professors who have years of experience in their respective fields. The course will take place between 30th November to 4th December 2021, and it is open to all Faculty/ Research Scholars/Industry professionals/ and other eligible students …

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AI Product Manager Interview Questions

interview questions for machine learning

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 betterinterma 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. Here are some interview questions that you can get when you are appearing for AI / Machine learning (ML) product manager (PM) job: …

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Data Science / AI Team Structure – Roles & Responsibilities

Data Science Team Roles & Responsibilities

Setting up a successful artificial intelligence (AI) / data science or advanced analytics practice or center of excellence (CoE) is key to success of AI in your organization. In order to setup a successful data science COE, setting up a well-organized data science team with clearly defined roles & responsibilities is the key. Are you planning to set up the AI or data science team in your organization, and hence, looking for some ideas around data science team structure and related roles and responsibilities? In this post, you will learn about some of the following aspects related to the building data science/machine learning team. Focus areas Roles & responsibilities Data Science Team – Focus …

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Sentiment Analysis & Machine Learning Techniques

sentiment analysis machine learning

Artificial intelligence (AI) / Machine learning (ML) techniques are getting more and more popular. Many people use machine learning to analyze the sentiment of tweets, for example, to make predictions related to different business areas. In this blog post, you will learn about different machine learning / deep learning and NLP techniques which can be used for sentiment analysis. What is sentiment analysis? Sentiment analysis is about predicting the sentiment of a piece of text and then using this information to understand users’ (such as customers) opinions. . The principal objective of sentiment analysis is to classify the polarity of textual data, whether it is positive, negative, or neutral. Whether …

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Clinical Trials & Predictive Analytics Use Cases

clinical trials predictive analytics machine learning use cases

Analytics plays a big role in modeling clinical trials and predictive analytics is one such technique that has been embraced by clinical researchers. Machine learning algorithms can be applied at various stages in the drug discovery process – from early compound selection to clinical trial simulation. Data scientists have been applying machine learning algorithms to clinical trial data in order to identify predictive patterns and correlations between clinical outcomes, patient demographics, drug response phenotypes, medical history, and genetic information. Predictive analytics has the potential to enhance clinical research by helping accelerate clinical trials through predictive modeling of clinical outcome probability for better treatment decisions with reduced clinical trial costs. In …

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Posted in Data Science, Healthcare, Machine Learning, Pharma. Tagged with , , .

Demand Forecasting & Machine Learning Techniques

demand forecasting machine learning use cases

Machine learning is a technology that can be used for demand forecasting in order to make demand forecasts more accurate and reliable. In demand forecasting, machine learning techniques are used to forecast demand for a product or service. There are different types of machine learning/deep learning techniques used in demand forecastings such as neural networks, support vector machines, time series forecasting, and regression analysis. This blog post will introduce different machine learning & deep learning techniques for demand forecasting and give an overview of how they work. What is the demand forecasting process? The demand forecasting process is defined as the creation of demand forecasts, demand planning, and demand decision …

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Graph Neural Networks Explained with Examples

Training a graph neural network model

Graph neural networks (GNNs) are a relatively new area in the field of deep learning. They arose from graph theory and machine learning, where the graph is a mathematical structure that models pairwise relations between objects. Graph Neural Networks are able to learn graph structures for different data sets, which means they can generalize well to new datasets – this makes them an ideal choice for many real-world problems like social network analysis or financial risk prediction. This post will cover some of the key concepts behind graph neural networks with the help of multiple examples. What are graph neural networks (GNNs)? Graphs are data structures which are used to …

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Drug Discovery & Deep Learning: A Starter Guide

generative chemistry with variational autoencoder VAE

The drug discovery process is tedious, time-consuming, and expensive. A drug company has to identify the compounds that are most likely to be successful in drug development. The drug discovery process can take up to 15 years with an average cost of $1 billion for each drug candidate that passes clinical trials. With AI and deep learning models becoming more popular in recent years, scientists have been looking at ways to use these tools in the drug discovery process. This article will explore how deep learning generative models (GANs) could be used as a starting point for data scientists to get started drug discovery AI projects! What is the drug …

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