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Applications of Machine Learning in Fraud Detection and Document Analysis



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Machine learning has many applications. AlphaGo was able to defeat Lee Sedol, who used machine learning in order to analyze data in the game Go. Google Image Search, one of the most popular machine learning apps, is one. Even though it handles over 30 million image searches daily, Google Image Search is able to hide the complexity of search. This article will discuss some of the most popular uses of machine-learning. It can also help in fraud detection.

Face detection

In the case of face detection, algorithms can identify a face from a photograph or video. Facial recognition refers to the ability to identify the gender, age, and emotional status of an individual. Face detection uses a mathematical model to map out a person's facial features and store them as a faceprint. This algorithm combines facial characteristics with the information from video or photos to create a code that uniquely recognizes a face.


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Document analysis

Machine learning is a promising technology in document analysis. Document analysis is the process of extracting meaning from text, and then combining it with human input. Documents are complex webs of references, where one idea expands upon another and conflicts are resolved. Human beings provide important clues to big ideas in documents despite their vast variety. Document analysis tools need to capture these clues. They must capture document titles, section headings as well as paragraph and sentence boundaries. Moreover, they must determine the purpose of each section and paragraph, which is often domain dependent.


Klasification

There are many machine learning classification applications. However, image processing is the most important. A face recognition algorithm might be required to recognize whether a photograph is of one person or thousands. A decision tree uses machine learning algorithms to divide examples into two different categories. After a point is labeled, the algorithm uses neighboring points to assign the label.

Fraud detection

Machine learning algorithms are used in fraud detection for a variety of purposes. You can use fraud detection methods, such as neural networks, traditional classification algorithms and anomaly detection methods, to defeat it. But these methods require large datasets to train the algorithm. For fraud detection, these datasets often are unbalanced, making it difficult for them to identify fraudulent transactions. Machine learning algorithms can, however, learn from data that isn't pre-labeled.


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Autonomous driving

Lack of situational awareness is a key problem with autonomic driver. An automated vehicle must have complete situational awareness. Human drivers must pay attention to the surrounding environment, but an autonomic vehicle must also be aware of it. Deep learning algorithms are used by autonomic driver applications to model traffic situations in order to achieve this goal. The Stanford University School of Engineering and California Institute of Technology conducted a study to show how AI algorithms can be used by automated vehicles to gain situational awareness.


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FAQ

How does AI function?

An artificial neural system is composed of many simple processors, called neurons. Each neuron receives inputs form other neurons and uses mathematical operations to interpret them.

Layers are how neurons are organized. Each layer performs an entirely different function. The first layer gets raw data such as images, sounds, etc. These data are passed to the next layer. The next layer then processes them further. Finally, the output is produced by the final layer.

Each neuron has an associated weighting value. This value is multiplied with new inputs and added to the total weighted sum of all prior values. If the result is more than zero, the neuron fires. It sends a signal to the next neuron telling them what to do.

This cycle continues until the network ends, at which point the final results can be produced.


What are the benefits of AI?

Artificial Intelligence is a revolutionary technology that could forever change the way we live. It's already revolutionizing industries from finance to healthcare. It's predicted that it will have profound effects on everything, from education to government services, by 2025.

AI is being used already to solve problems in the areas of medicine, transportation, energy security, manufacturing, and transport. The possibilities for AI applications will only increase as there are more of them.

What is the secret to its uniqueness? It learns. Computers learn independently of humans. Computers don't need to be taught, but they can simply observe patterns and then apply the learned skills when necessary.

AI's ability to learn quickly sets it apart from traditional software. Computers can scan millions of pages per second. They can quickly translate languages and recognize faces.

It doesn't even require humans to complete tasks, which makes AI much more efficient than humans. It can even surpass us in certain situations.

A chatbot called Eugene Goostman was developed by researchers in 2017. It fooled many people into believing it was Vladimir Putin.

This shows that AI can be extremely convincing. Another benefit is AI's ability adapt. It can be taught to perform new tasks quickly and efficiently.

This means that companies don't have the need to invest large sums of money in IT infrastructure or hire large numbers.


What is the role of AI?

An algorithm refers to a set of instructions that tells computers how to solve problems. An algorithm can be expressed as a series of steps. Each step has a condition that dictates when it should be executed. The computer executes each instruction in sequence until all conditions are satisfied. This continues until the final result has been achieved.

Let's suppose, for example that you want to find the square roots of 5. It is possible to write down every number between 1-10, calculate the square root for each and then take the average. This is not practical so you can instead write the following formula:

sqrt(x) x^0.5

You will need to square the input and divide it by 2 before multiplying by 0.5.

The same principle is followed by a computer. It takes your input, squares it, divides by 2, multiplies by 0.5, adds 1, subtracts 1, and finally outputs the answer.


Which countries lead the AI market and why?

China leads the global Artificial Intelligence market with more than $2 billion in revenue generated in 2018. China's AI industry is led by Baidu, Alibaba Group Holding Ltd., Tencent Holdings Ltd., Huawei Technologies Co. Ltd., and Xiaomi Technology Inc.

The Chinese government has invested heavily in AI development. Many research centers have been set up by the Chinese government to improve AI capabilities. These centers include the National Laboratory of Pattern Recognition and the State Key Lab of Virtual Reality Technology and Systems.

Some of the largest companies in China include Baidu, Tencent and Tencent. All of these companies are currently working to develop their own AI solutions.

India is another country that is making significant progress in the development of AI and related technologies. The government of India is currently focusing on the development of an AI ecosystem.


How will governments regulate AI?

AI regulation is something that governments already do, but they need to be better. They must make it clear that citizens can control the way their data is used. Aim to make sure that AI isn't used in unethical ways by companies.

They also need to ensure that we're not creating an unfair playing field between different types of businesses. You should not be restricted from using AI for your small business, even if it's a business owner.



Statistics

  • According to the company's website, more than 800 financial firms use AlphaSense, including some Fortune 500 corporations. (builtin.com)
  • That's as many of us that have been in that AI space would say, it's about 70 or 80 percent of the work. (finra.org)
  • In the first half of 2017, the company discovered and banned 300,000 terrorist-linked accounts, 95 percent of which were found by non-human, artificially intelligent machines. (builtin.com)
  • While all of it is still what seems like a far way off, the future of this technology presents a Catch-22, able to solve the world's problems and likely to power all the A.I. systems on earth, but also incredibly dangerous in the wrong hands. (forbes.com)
  • The company's AI team trained an image recognition model to 85 percent accuracy using billions of public Instagram photos tagged with hashtags. (builtin.com)



External Links

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How To

How to get Alexa to talk while charging

Alexa, Amazon’s virtual assistant is capable of answering questions, providing information, playing music, controlling smart-home devices and many other functions. You can even have Alexa hear you in bed, without ever having to pick your phone up!

With Alexa, you can ask her anything -- just say "Alexa" followed by a question. With simple spoken responses, Alexa will reply in real-time. Alexa will improve and learn over time. You can ask Alexa questions and receive new answers everytime.

Other connected devices, such as lights and thermostats, locks, cameras and locks, can also be controlled.

Alexa can also be used to control the temperature, turn off lights, adjust the temperature and order pizza.

Setting up Alexa to Talk While Charging

  • Step 1. Step 1. Turn on Alexa device.
  1. Open Alexa App. Tap Settings.
  2. Tap Advanced settings.
  3. Select Speech Recognition
  4. Select Yes, always listen.
  5. Select Yes, please only use the wake word
  6. Select Yes, then use a mic.
  7. Select No, do not use a mic.
  8. Step 2. Set Up Your Voice Profile.
  • Add a description to your voice profile.
  • Step 3. Test Your Setup.

Use the command "Alexa" to get started.

For example: "Alexa, good morning."

Alexa will reply to your request if you understand it. For example, "Good morning John Smith."

Alexa won't respond if she doesn't understand what you're asking.

  • Step 4. Restart Alexa if Needed.

If you are satisfied with the changes made, restart your device.

Note: If you change the speech recognition language, you may need to restart the device again.




 



Applications of Machine Learning in Fraud Detection and Document Analysis