Get an overview of Machine Learning Tools

By ridhigrg |Email | Jan 13, 2020 | 2913 Views

What is Machine Learning Tools?
Machine learning tools are algorithmic applications of artificial intelligence that give systems the ability to learn and improve without ample human input; similar concepts are data mining and predictive modeling. They allow the software to become more accurate in predicting outcomes without being explicitly programmed. The idea is that a model or algorithm is used to get data from the world, and that data is fed back into the model so that it improves over time. It's called machine learning because the model "learns" as it is fed more and more data.

They can be used, for example, to build recommendation engines, predict search patterns, filter spam, build news feeds, detect fraud and security threats, and much more. There are four types of machine learning algorithms: supervised, unsupervised, semi-supervised, and reinforced.

Supervised algorithms are machine learning tools with training wheels. They require a person to program both the input and the desired output, as well as provide feedback as to the accuracy of the end results.

Unsupervised algorithms require very little human intervention by instead using an approach called "deep learning" to review massive banks of data and arrive at conclusions based on previous examples of training data; they are, therefore, generally used for more complex processing tasks such as image recognition, speech-to-text, and natural language generation.

Semi-supervised algorithms tend to fall in the middle ground.

Reinforced algorithms force models to repeat a process until it produces the most favorable outcomes. Attempts that produce these favorable outcomes are rewarded and attempts that produce unfavorable results are penalized until the algorithm learns the optimal process.

Common Features
Most vendors offering machine learning tools include:
  • Data collection and preparation
  • Model building
  • Training and application deployment

Additional Tools
  • Some vendors also offer additional tools to
  • Store aggregated data on the Cloud
  • Build models with easy drag and drop capabilities

Pricing Information
Many vendors offering machine learning tools will offer a free trial or a free version with a limited batch of predictions. After that, prices are generally tiered by price per hour and training units.

Source: HOB