Coming to the agenda for the today’s session, we have divided it into two parts:

1. In first part, we will explain the basics of Machine learning and give multiple examples to
elaborate the concepts.
2. In the second part, we will demonstrate how we can leverage AWS APIs to implement machine
learning algorithms through multiple case studies.

Okay, So, I Hope, everyone is ready and enthusiastic for the session. Then, Let’s start the session.

So, what’s Machine Learning and why it is creating so much buzz currently?
Let’s first understand how we were solving the problems before ML era.
Before Machine Learning, we had era of traditional programming. In that, we used to write long
programs to solve the business challenges or automate the tasks. Here, we used to solely rely on human
intelligence to solve the business challenges as machine only execute those instructions and generate
the output based upon the given input. As humans learn from their experience, they update these
programs manually to make system more efficient over time.

But, What if Humans can train the machines to learn from past data and machines do what humans can
do in a much faster and efficient way, and that would be Machine Learning.
If We give Input along with its expected output to the system and system generates the rules or set of
instruction itself, then It would be Machine Learning. So, the Idea is to automate the automation.

If we go by formal definition, changes in a system that enable it to do the same tasks more efficiently is
called Machine Learning.

Let’s try to understand Machine Learning with an example.

Suppose, we would like to predict the monetary value of a house located at the Boston’s area. A model
like this would be very valuable for a real state agent who could make use of this information on a daily
basis.

In this case, what will be the traditional approach: From our experience, we will try to understand, what
are the main features which impact property prices like floor area, no of rooms, is it apart of apartment
or individual house and many others. Post that we try to establish the relationship of these features with
the price and then finally define an equation to come up with the property price.

Also, based upon recent market changes, we may change this equation to come up with the better price
prediction.
In case of Machine Learning, we have to just provide few examples of properties along with their
features and prices to algorithm as an input. Then, system It will generate itself the set of rules to
calculate property’s monetary value.
In this case, with more examples, the system’s efficiency will improve and it will generate more accurate
predictions.