Problem: Applications of Machine Learning
Machine learning is being applied in different application areas and domains that include:
• Financial fraud
• Recommendation systems (sales and marketing)
• Virtual Personal assistants: Siri, Alexa, etc.
• Healthcare
• Stock markets
• Search engine results
• Social media services
• Image recognition - video surveillance
• Market segmentation
• Text translations
• Self-driving cars and automated transportation
• Cybersecurity Etc.
Pick one application area of ML in the real world from the above list or any other not included in the list. Research at least two organizations that are using ML in the area that you have selected and then answer the following questions:
1. Discuss at least three ways in which ML has been deployed in the application area you have selected by those organizations.
2. Based on you research, discuss the levels of success that has been achieved in deploying ML in this area.
3. Identify the main challenges (at least two) faced in the application of ML in the area you have selected in those organizations.
4. Give your thoughts on the potential implications of the successful application of ML in the area you selected if the main challenges were resolved.