Machine Learning Concepts and its Applications

Machine Learning is all about learning the data using various algorithms. Huge amount of data is available everywhere and it is essential to analyse the existing data and provide useful information. By using Machine Learning algorithm, user can predict the future using the existing data or the user can provide an Inference about the existing data based on the relationship among the data. Various applications like Financial Marketing analysis, Natural Language Processing, Telecommunication, Fraud Detection etc, uses Machine learning Techniques. Basically learning can be done using two approaches such as parametric and non parametric approach. In parametric approach, some assumptions are made before the algorithm is applied. In non parametric no make such explicit assumptions are made.