Introduction to Machine Learning: A New Chapter in My Data Science Journey
Piyush Ashtekar
Aspiring Quantitative Researcher & Trader | CFA Level 2 | 4+ Years as Derivative Analyst | Passionate About Data Science & Machine Learning
Machine Learning (ML) is not just a buzzword; it’s a transformative field that has redefined the way we understand and interact with data. As I take my next step in the world of data science, I’m thrilled to dive into the exciting domain of Machine Learning. This article marks the beginning of this journey, where I’ll explore what ML is, its types, and why it’s an essential skill in today’s data-driven world.
What is Machine Learning?
At its core, Machine Learning is a subset of Artificial Intelligence (AI) that focuses on enabling machines to learn from data and make decisions or predictions without being explicitly programmed. Unlike traditional programming, where a developer writes detailed instructions, ML algorithms use data to identify patterns and improve their performance over time.
Some common examples of ML in action include:
Types of Machine Learning
Machine Learning can be broadly categorized into three types:
Supervised Learning:
In supervised learning, the algorithm is trained on a labeled dataset, meaning the input data comes with corresponding output labels. The goal is to learn a mapping function that can predict outputs for new, unseen inputs. Examples: K-Means Clustering, Principal Component Analysis (PCA).
Supervised learning is classified into:
Examples: Linear Regression, Logistic Regression, Support Vector Machines (SVMs).
Unsupervised Learning:
Here, the algorithm works with unlabeled data, aiming to identify hidden patterns or structures. This type is often used for clustering and dimensionality reduction.
Unsupervised learning is classified into:
Reinforcement Learning:
This type involves training an agent to make a sequence of decisions by interacting with an environment. The agent learns through rewards and penalties. Examples: AlphaGo, robotics applications.
Why Machine Learning Matters
Machine Learning has become indispensable in solving complex problems across industries. Here are a few reasons why ML is a game-changer:
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How Machine Learning models are trained?
Batch Learning and Online Learning are two paradigms for training machine learning models.
Batch Learning
In batch learning, the model is trained on the entire dataset at once or in large chunks (batches). Once trained, the model is static until it is retrained with new data.
Key Characteristics
Advantages
Disadvantages
Use Cases
Online Learning
In online learning, the model is trained incrementally as new data arrives. It continuously updates its parameters without needing to retrain from scratch.
Key Characteristics
Advantages
Disadvantages
Use Cases
Machine Learning Development Life Cycle (MLDLC)
A short summary of the Machine Learning Development Lifecycle:
In conclusion, Machine Learning is a powerful tool that is reshaping industries and solving complex problems with data-driven insights. As I embark on this exciting chapter of my data science journey, I look forward to exploring more about the different algorithms, techniques, and real-world applications of ML. Whether it’s through supervised, unsupervised, or reinforcement learning, ML offers endless possibilities for innovation and efficiency. As I continue to learn and grow in this field, I am eager to harness the potential of ML to contribute to impactful solutions in various domains. Stay tuned for more insights as I delve deeper into the world of Machine Learning!
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