What are some economically important applications of machine learning?

Sorry in advance if this is too vague.

My list:

  • statistical arbitration
  • actuarial science
  • process control
  • image processing (safety, manufacturing, medical imaging)
  • computational biology / drug design
  • sabermetrics
  • profit management
  • operations research / logistics (I will include business intelligence with this)
  • marketing (prediction of preferences, design / analysis of a survey, online advertising display).
  • computational linguistics (Google, information search, ...)
  • educational testing
  • epidemiology
  • criminology (fraud detection, counter-terrorism, ...)
  • consumer credit counting
  • spam detection
  • error detection, virus detection, computer security

Are there any articles, books, or magazines that address this issue? The only book I've seen is Supercrunchers, which no longer focuses on consumer preferences.

+6
statistics machine-learning
source share
4 answers

There are a ton of fields that use machine learning:

  • Predictive text input ( Vector machine support )
  • Computer vision
  • AI game
  • Robotic perception (classification and detection)
  • Genomics
  • Handwriting recognition (for example, the US Postal Service uses neural networks to sort mail)
  • Credit Card Fraud Detection
  • Localization ( Kalman filters, particle filters )
  • Preference (Netflix, Amazon)

EDIT:

If you are looking for a list of all machine learning applications, I think you will find that the problem is unsolvable. Machine science as a field is largely focused on the task of using data to build a model that can map inputs to a desired set of outputs. The fields that use it are constantly growing, as people present new applications for machine learning. If this helps, usually machine learning is the most powerful when the mapping between inputs and outputs cannot be well described, the display space is too arrogant for processing in a reasonable way and / or should be adaptive over time.

If you're just looking for places to read in machine learning applications, you can take a look at the following:

Another good bet is to hit university websites that have strong AI, CS, Math or Robotics programs and see if they have course materials. I know, for example, that CMU, MIT and Stanford usually have a lot of course notes on the Internet, which often mention applications for various methods.

+5
source share

Some hedge funds (such as Renaissance Technologies ) use various machine learning methods to create black box trading algorithms. Those who do this mostly print money.

In general, some of the more sophisticated arbitrage / risk management technologies use varying degrees of machine learning and spend a lot of money on such software.

+2
source share

Some others:

  • Medical diagnostics
  • Data visualization
  • Adaptive software
  • Fingerprint video / audio
  • Military intelligence
  • Compression
  • Control
  • Design
  • Optimization

The latter two may fall under Operation Research.

+1
source share

Adaptive and personalized user interfaces. Examples may include: search suggestions, gameplay, application layout, etc.

0
source share

All Articles