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by svnpenn
2170 days ago
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What do people use ML for these days? I do computer programming, and I have done some work with video encoding, but this just seems like a huge investment money wise. So I am curious what use it is. For my needs the most intensive thing I do is compile some large programs or encode some large video, which you can get a computer for that for like $800. |
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This can be as simple as identifying when a customer will end their service with a business, as there might be a pattern before previous customers have left, predicting when new customers are going to leave, and giving them a coupon or similar right before they would otherwise leave. This problem is called customer churn.
It can be as complex as identifying when hardware will fail ahead of time, or even bio-ware. For example, I did a project that predicted when people were falling into depression before they could tell they were with a high accuracy rate. I also predicted other future medical issues ahead of time, like the probability an elderly person is going to fall over within the next handful of days.
On the business side there are a lot of use cases for ML, but it falls more into analytics than engineering, as it's about predictive insight.