Applications of ML algorithms in businness

machine_learning
data_science

#1

Hi everyone,

I have recently started exploring Machine learning algorithms and participating in competitions. I was wondering if anyone could tell me where in business are these algorithms used?

For instance, I have worked on Loan Prediction problem from AV datahack and Home credit from Kaggle- do the companies that provide loan actually use a ML model? Similarly do we use time series forecasting methods for stock predictions.


#2

Hi @AarushiS,

In my opinion, Machine Learning is key behind the success of most of the businesses. Almost every company uses Data Science and machine learning technologies to improve their business. Whether it be approval of loans, predicting the sales for a store and many more, machine learning has automated all these processes. To have a better understanding of what machine learning is and in which field people are using it, you can refer to this article: