Applied Machine Learning

With applied machine learning, you can automate most, if not all, of the tasks slowing you down. When used correctly, it can drastically improve business operations and management, allowing users to take a step back from their manual workflows to focus on more pressing tasks. Find out how in this guide.

Applied machine learning

Applied machine learning is all about training systems to understand relationships between data, and it has become a key component of automation. Getting started with machine learning can be tricky for beginners, but there are a number of valuable resources online to help with the process. 

For example, you can download an applied machine learning PDF for a quick overview of the topic. If you’re looking for a more in-depth look into machine learning, you can purchase an applied machine learning book. Many of these resources are available for free.

You might also consider enrolling in an applied machine learning course to better understand these tools and techniques. There are several different types of applied machine learning courses you can take online at a time that is most convenient for you. 

This makes it easy for a wide range of learners to acquire the skills and knowledge they need to successfully implement applied machine learning techniques in their own businesses.

The Rossum platform uses similar tools to minimize the amount of time users spend processing documents by hand. With Rossum, you can automate complex intake for faster, more efficient processing. 

You can also:

  • Take in documents across any channel or format
  • Filter unnecessary documents
  • Follow up automatically with an email
  • Access a flexible queuing system to organize documents

Unlike traditional data capture and OCR software, Rossum can intelligently adapt to layout changes and understand documents in context. This can result in greater accuracy, allowing users to continually improve the platform over time.

What is applied machine learning

So what is applied machine learning? It describes the process by which computer systems and applications utilize machine learning to solve data-related problems. It looks for patterns in data to better interpret that data. 

Relying on algorithms and statistical techniques, applied machine learning seeks to understand the relationship between input data and output data. Businesses can then apply the insights to whatever problems they’re currently facing.

While the prospect of getting started with applied machine learning can seem daunting, there are many tools and resources available to help make the transition easier. As mentioned previously, there are PDFs and books that can be downloaded—oftentimes for free—online. 

Additionally, you can enroll in an applied machine learning course for a more robust view of the topic. This option can be especially good for those looking to obtain official certification.

Understanding the basics of applied machine learning is critical for any business looking to implement such techniques in their workflows. It can be an incredibly effective way to understand data on a deeper level, but when utilized incorrectly, it can complicate your workflow. 

For this reason, it’s important that organizations take the time to thoroughly understand the topic before diving in and getting started with the process.

Businesses should also consider the extent to which machine learning will impact their existing systems and workflow. 

  • What are you currently struggling with in regard to data? 
  • How do you envision being able to manage that data in the short- and long-term future? 
  • What tools, if any, are you currently using to understand data? 
  • To what extent do you plan on using automation to complete critical business processes? 

Asking yourself questions like these can help you determine whether or not applied machine learning is right for your business.

History of applied machine learning

While applied machine learning is a relatively new field of inquiry, theoretical machine learning is not. With roots dating back to the mid-20th century, machine learning was first developed as a means to analyze things like speech patterns and sonar signals. 

These learning machines were trained by humans to recognize patterns. Their human operators could correct them with the push of a button when they got something wrong, forcing them to reevaluate their conclusions.

Considered by many to be a subfield of artificial intelligence (AI), machine learning continued to improve in the 1970s, 80s, and beyond. While AI interacted more directly with the environment, machine learning was built to make predictions based on passive observations. 

Machine learning relied heavily on statistics and probability to make guesses about problems in data. This allowed organizations to improve their operations in a number of ways.

Applied machine learning was developed as businesses sought to apply theoretical machine learning techniques to real-life data-related problems. It has resulted in new and relevant insights for a range of businesses and industries, opening the door to deeper data understanding. 

Rather than having to manage data problems by hand, users can now train computers to understand and solve these problems.

The history of applied machine learning involves a lot of trial and error, and human operators are still tweaking models and techniques to perfect the process. Applied machine learning does not represent the end all be all of the data learning, but it is a huge step in the right direction. 

As these models continue to improve over time, they are likely to yield even more relevant insights that can be used to enhance business operations. In this way, the sky truly is the limit when it comes to machine learning.

Types of machine learning

There are various types of machine learning, and understanding each type is critical for businesses seeking to get started with the process. The three main types are as follows:

  • Supervised Learning: This machine learning type is termed “supervised learning” since that users continually feed information into the system to help it learn. It works by using historical input and output data to create outputs closely aligned with whatever designed outcome users are trying to achieve. Supervised learning is currently the most used form of machine learning.
  • Unsupervised Learning: Unsupervised learning requires little to no human intervention and can analyze data on a deeper level, scanning for patterns that aren’t always obvious to the naked eye. This learning type is often used to create predictive models that can be useful when grouping items. It’s a great way for businesses to understand patterns in customer behavior, for example. 
  • Reinforcement Learning: The reinforcement learning type mimics the way humans learn and is similar in many ways to AI. This model trains algorithms to interact with their environment and then rewards them based on accuracy and relevance of insights produced. Because reinforcement learning is more advanced than other types of machine learning, most businesses still lack the capabilities to use it in full. 

Reliability machine learning

Reliability machine learning is used to predict when assets will fail. This allows organizations to replace critical infrastructure before it breaks down completely. 

Reliability models can be trained using historical data, but the point of this type of learning is that it can more easily adapt to changes in the system. It then uses this information to make predictions about when certain equipment will give out.

By predicting when assets will fail, businesses can plan ahead to replace equipment, reducing downtime and helping operations run as smoothly as possible. 

Reliability is among the most useful data analytics applications, as it helps businesses prepare for disruptions in proven, tangible ways. It doesn’t simply pull information out of nowhere but relies on historical data to make informed guesses about what will happen next.

Implementing some reliable machine-learning techniques can benefit a wide range of businesses. It’s worth considering whether or not your business has a need for this type of learning and if so, introducing machine learning to your company. 

As AI and related technologies become more advanced, they will likely take the place of manual learning. This can not only save businesses time but help to promote greater accuracy in their workflows.

At the end of the day, there is no one-size-fits-all solution when it comes to machine learning. Different organizations have different needs, so it’s essential to do your research to determine the best learning type for your business. 

Each type can benefit organizations in different ways, which is why you should carefully compare your options before implementing any new tools or solutions.

While machine learning is still developing and has a long way to go in terms of achieving true human-like intelligence, it has already proven helpful for many businesses. It allows users to understand data on a deeper level, and then act on insights to achieve greater success. As such, it remains a popular method for finding relevant patterns and correlations in data. 

Manual workflows slowing you down?

Take a step back and focus on more pressing tasks with applied machine learning. When used effectively, you can automate most of those tasks.
Rossum can help you with your document processing workflow – ask us how!