Tag Archives: machine learning
Linear vs Non-linear Data: How to Know
In this post, you will learn the techniques in relation to knowing whether the given data set is linear or non-linear. Based on the type of machine learning problems (such as classification or regression) you are trying to solve, you could apply different techniques to determine whether the given data set is linear or non-linear. For a data scientist, it is very important to know whether the data is linear or not as it helps to choose appropriate algorithms to train a high-performance model. You will learn techniques such as the following for determining whether the data is linear or non-linear: Use scatter plot when dealing with classification problems Use …
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 …
Tail Spend Management & Spend Analytics
Do you know where your business is spending its money? And more importantly, do you know where your business SHOULD be spending its money? Many businesses don’t have a good handle on their tail spend – the money that’s spent on things that are not essential to the core operations of the company. Tail spend can be difficult to track and manage, but with the help of spend analytics tools and machine learning, it’s becoming easier than ever before. In this blog post, we’ll discuss what tail spend is, how to track it, and how to use analytics and machine learning to make better decisions about where to allocate your …
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 …
Machine Learning Use Cases for Climate Change
Climate change is a serious issue facing the world. The climate changes which are already affecting our planet can be seen in rising sea levels, melting ice caps and glaciers, more severe storms and hurricanes, more droughts, and wildfires increased precipitation in some areas of the world while other regions experience less rainfall. It’s important that we do what we can to reduce climate change risks by reducing greenhouse gas emissions into the atmosphere as well as adapting to climate impacts. Artificial intelligence (AI), machine learning (ML)/ deep learning (DL), data science, advanced analytics have been widely used for decades across different industries such as finance, healthcare, etc., but their …
What is Human Data Science?
There’s a lot of buzz around the term “human data science.” What is it, and why should you care? Human data science is a relatively new field that combines the study of humans with the techniques of data science. By understanding human behavior and using big data techniques, unique and actionable insights can be obtained that weren’t possible before. In this blog post, we’ll discuss what human data science is and give some examples of how it’s being used today. What is human data science? Human data science is the study of humans using data science techniques. It’s a relatively new field that is growing rapidly as we learn more …
Pricing Optimization & Machine Learning Techniques
Pricing is a critical component of price optimization. In this blog post, we will dive into pricing optimization techniques and machine learning use cases. Price optimization techniques are used to optimize pricing for products or services based on customer response. AI / Machine learning can be leveraged in pricing optimization by using predictive analytics to predict consumer demand patterns and identify optimal prices for a products or services at a given time in the future. What is pricing optimization? Price optimization is a process where businesses use price discrimination to maximize revenue from customers. It is the process of pricing goods and services to maximize profits by taking into account …
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 …
Accounts Payable Machine Learning Use Cases
The machine learning for accounts payable market is expected to grow from $6.1 million in 2016 to $76.8 million by 2021, at a compound annual growth rate (CAGR) of 53 percent. The software industry is rapidly embracing machine learning for account payable. As account payable becomes more automated, it also becomes more data-driven. Machine learning is enabling account payables stakeholders to leverage powerful new capabilities in this arena. In this blog post, you will learn machine learning / deep learning / AI use cases for account payable. What is Accounts Payable? Account payable is a crucial part of the business process because it helps to ensure that businesses have the …
85+ Free Online Books, Courses – Machine Learning & Data Science
This post represents a comprehensive list of 85+ free books/ebooks and courses on machine learning, deep learning, data science, optimization, etc which are available online for self-paced learning. This would be very helpful for data scientists starting to learn or gain expertise in the field of machine learning / deep learning. Please feel free to comment/suggest if I missed mentioning one or more important books that you like and would like to share. Also, sorry for the typos. Following are the key areas under which books are categorized: Data science Pattern Recognition & Machine Learning Probability & Statistics Neural Networks & Deep Learning Optimization Data mining Mathematics Here is my post …
Tensor Explained with Python Numpy Examples
Tensors are a hot topic in the world of data science and machine learning. But what are tensors, and why are they so important? In this post, we will explain the concepts of Tensor using Python Numpy examples with the help of simple explanation. We will also discuss some of the ways that tensors can be used in data science and machine learning. When starting to learn deep learning, you must get a good understanding of the data structure namely tensor as it is used widely as the basic data structure in frameworks such as tensorflow, PyTorch, Keras etc. Stay tuned for more information on tensors! What are tensors, and why are …
Supplier Relationship Management & Machine Learning / AI
Supplier relationship management (SRM) is the process of managing supplier relationships to develop and maintain a strategic procurement partnership. SRM includes focus areas such as supplier selection, procurement strategy development, procurement negotiation, and performance measurement and improvement. SRM has been around for over 20 years but we are now seeing new technologies such as machine learning come into play. What exactly does advanced analytics such as artificial intelligence (AI) / machine learning (ML) have to do with SRM? And how will AI/ML technologies transform procurement? What are some real-world machine learning use cases related to supplier relationships management? What are a few SRM KPIs/metrics which can be tracked by leveraging …
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 …
Scatter plot Matplotlib Python Example
If you’re a data scientist, data analyst or a Python programmer, data visualization is key part of your job. And what better way to visualize all that juicy data than with a scatter plot? Matplotlib is your trusty Python library for creating charts and graphs, and in this blog we’ll show you how to use it to create beautiful scatter plots using examples and with the help of Matplotlib library. So dig into your data set, get coding, and see what insights you can uncover! What is a Scatter Plot? A scatter plot is a type of data visualization that is used to show the relationship between two variables. Scatter …
I found it very helpful. However the differences are not too understandable for me