MACHINE LEARNING: A COMPREHENSIVE OVERVIEW OF ALGORITHMS AND TECHNIQUES

Dr. T AASIF AHMED is currently Faculty of Economics at Mazharul Uloom (Govt. Aided) College affiliated to Thiruvalluvar University, Tamil Nadu. He obtained his PhD from the Bharathidasan University, Tiruchirappalli, Tamil Nadu. He has published in both indian & international journals and contributed to various edited volumes. He also acted as referee for a number of reputed journals. He has three patents, published by the Indian office of the Controller General of Patents, Design and Trade Marks. His research is in the areas of Computational Economics, Industrial and Environmental Economics.

Sandeep Kumar Davuluri holds a Master of Science degree in Information Technology from Wilmington University in Delaware USA and is pursuing Ph.D. in Information Technology from University of the Cumberlands in Kentucky USA.  Apart from being a PhD research student at University of the Cumberlands and also working as Solution Architect at AT&T Chicago. Prior to this worked as Network Engineer at AT&T Chicago. He is a Cisco certified Associate and Professional. He has a background in Computer Science and Information Technology with focus on computer networks, Wireless networks,Cloud,  Machine learning, Deep learning, Data Mining,  Blockchain,  Internet of Things and Artificial Intelligence. He is a journal reviewer and has published research papers in both national and international journals, and is a member of the Institute of Electrical and Electronics Engineers (IEEE).

Professor Abhishek Agarwal (working at Vermont State University, USA) is an experienced chartered engineer and higher education professional embedded with an interdisciplinary background to induct modern technologies in engineering Technology. He obtained B. Tech., M. Tech., PhD degrees in Mechanical Engineering and M.B.A. in Marketing Management. As a published researcher, he has authored or co-authored four books, eight Patents and over 80 publications in peer-reviewed journals and at international conferences.

Dr. Ashok Kumar working as an Assistant Professor in the Department of Computer Science, Banasthali Vidyapith, Banasthali-304022 (Rajasthan), has about 14 years of teaching experience. He received his M.C.A. degree from GJU University, M.Phil. degree in Computer Science from CDLU University and Ph.D. degree in Computer Science from Banasthali Vidyapith.  He has more than 25 research papers in refereed international journals, conferences and three patents in his credit. His areas of research include Image Processing, Machine Learning and Big Data Analytics.

Description

The data are recorded digitally throughout the process of data mining, and the computer either entirely automates or considerably improves the search process. Even then, this is hardly exactly brand-new knowledge that will rock the world. Professionals in the disciplines of economics, statistics, forecasting, and communication engineering have been hard at work since the beginning of time. Data mining is the process of solving problems by performing analyses of data that is already recorded in databases. These analyses are done in order to uncover potential solutions to problems. Imagine for the purpose of this discussion that the problem at hand is the fickle loyalty of consumers in the face of the fierce competition that exists in the market. Developing a database of consumer preferences in addition to customer profiles could be the answer to this problem. This could be done in combination with the existing customer profiles. One may differentiate between customers who are likely to switch brands and customers who are likely to remain loyal to a brand by doing an analysis of the patterns of behavior of prior consumers. This enables one to discover the distinguishing traits of customers who are likely to switch products. Once such characteristics have been identified, they may be put to use to determine which of an organization’s current customers are most likely to move to a product or service offered by a competitor. This particular population has the potential to be picked out for a one-of-a-kind treatment, the provision of which would be financially unfeasible for the customer base as a whole. To look at things in a more upbeat perspective, the same tactics may be used to identify consumers who might be interested in another service that the firm provides, one that they are not currently enjoying, and then target those customers with special offers that promote the extra service. The process has to be either entirely or at least partially automated to be considered acceptable. The patterns that are identified have to be substantial in the sense that they lead to some form of advantage, most typically an economic gain. This is a requirement for the patterns that are found. The numbers can be found anywhere, and they can be discovered in considerable volumes and on a consistent basis. How do the patterns really manifest themselves? The identification of useful patterns gives us the capacity to make predictions that are not straightforward based on recent facts. A pattern may be depicted in one of two ways: either as a see-through box whose construction reveals the structure of the pattern, or as an opaque box whose inner workings are fundamentally incomprehensible. Both of these representations have their advantages and disadvantages. These two extremes reflect the spectrum’s two poles of pattern representation.

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