Practical Implications of Machine Learning (ML)
ICSE · Class 12 · Artificial Intelligence
Quick revision notes for Practical Implications of Machine Learning (ML) — ICSE Class 12 Artificial Intelligence. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Predictive Maintenance
- Predictive Maintenance (PdM) estimates when equipment is likely to fail so maintenance can be scheduled just before failure occurs.
- PdM is different from preventative maintenance and reactive maintenance.
- Preventative maintenance follows a fixed schedule, while reactive maintenance happens after a breakdown.
Fraud Detection
- Fraud detection means using data and technology to identify and prevent fraudulent activity such as financial fraud, identity theft, and other malicious conduct.
- Modern fraud detection systems use ML neural networks that analyze thousands of data points in milliseconds to give a transaction a fraud score.
- Fraud detection works in real time and is often called Real-Time Decisioning.
Identity Theft
- Identity theft occurs when a criminal steals Personally Identifiable Information and uses it to impersonate a victim.
- PII includes Social Security number, birth date, and home address.
- Identity theft is different from credit card fraud because identity theft is about stealing who a person is, not just stealing money.
Medical Diagnosis
- AI is used in medical diagnosis by analyzing medical imaging, genetic information, and patient records.
- This helps find patterns that are difficult for humans to see.
- Medical imaging analysis uses CT scans, MRIs, X-rays, and ultrasounds to detect abnormalities and disease progression.
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