Machine Learning In 8 Minutes

Farhad Malik
FinTechExplained
Published in
8 min readJul 19, 2018

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Machine learning is the present and the future. All technologists, data scientists and financial experts can benefit from Machine Learning.

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This article focuses on outlining an easy-to-understand explanation of what machine learning is. Then it introduces how machine learning works and finally, it details a number of machine learning applications.

Let’s Start — What Is Machine Learning

Machine learning is a branch of Artificial Intelligence. Machine learning is a set of algorithms that learn to discover trends and patterns in data to gain insights. These algorithms then become self-sufficient to make decisions on the data.

Machine learning algorithms are now utilised in nearly all sectors — from healthcare to financial organisations to anti-fraud companies to shopping websites.

How is it different from traditional programming?

Traditionally, programmers code a number of software procedures or rules. These procedures are also known as rules or methods. The set of instructions take certain inputs and produce expected outputs. Instructions can also execute other functions.

Machine learning is about getting machines to learn data and then make decisions on similar data. Machine learning is about using predictive algorithms to forecast the behaviours of data so that calculated decisions can…

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Farhad Malik
FinTechExplained

My personal blog, aiming to explain complex mathematical, financial and technological concepts in simple terms. Contact: FarhadMalik84@googlemail.com