Healthcare | Personalized medicine, disease prediction, and diagnostic tools are all made possible by machine learning algorithms. For instance, using information from electronic health records, machine learning models can forecast patient outcomes or identify tumours in medical images |
Finance: | Machine learning (ML) aids in algorithmic trading, credit scoring, and fraud detection in the finance industry. These systems can analyze market trends to optimize trading strategies or spot anomalous transaction patterns that point to fraud |
Retail: | Recommendation systems, inventory control, and demand forecasting are all done by retailers using ML. These systems optimize stock levels and offer personalized product recommendations based on customer behavior analysis |
Transportation: |
ML propels developments in route optimization, traffic
control, and driverless cars. While traffic management
systems use machine learning (ML) to forecast traffic and
recommend alternate routes, self-driving cars use ML to
interpret sensor data and make decisions in real-time. |