Why machine learning?

The explosion in the number of digital devices generates an ever-increasing amount of data. The best analogy I can find to describe the need, desire, and urgency to extract knowledge from large datasets is the process of extracting a precious metal from a mine, and in some cases, extracting blood from a stone.

Knowledge is quite often defined as a model that can be constantly updated or tweaked as new data comes into play. Models are obviously domain-specific ranging from credit risk assessment, face recognition, maximization of quality of service, classification of pathological symptoms of disease, optimization of computer networks, and security intrusion detection, to customers' online behavior and purchase history.

Machine ...

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