Artificial Intelligence (AI) - Technology
ML
(Machine Learning)
Teaching software to recognise patterns from examples so it can make predictions or decisions
What's it for?
Lets software learn patterns from past examples so it can make predictions or decisions on new cases.
For example…
A fraud model learns from past genuine and fraudulent transactions, then flags new payments that look similar to known fraud.
An ML model learns from past fraud cases and scores new transactions based on patterns it found in the historical data.
Think of it like…
Teaching someone to sort post by showing thousands of labelled envelopes, rather than writing every sorting rule by hand