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Using Machine Learning To Detect Fraud
The beginning of an End-to-End Machine Learning Project
Contents
Introduction
The Fraud detection problem
The Data
Building the Framework
Introduction
Machine Learning is a subset of Artificial Intelligence (AI) that provides systems with the ability to automatically learn and improve from experience without being explicitly programmed. In saying that, it has been made possible for us (humans) to supply a large set of data to a computer for the computer to learn patterns so that it may learn how to make a decision when faced with a new instance or instances — When I discovered this insight I instantly knew the world is about to change.
It reveals that fraud is costing the global economy £3.89 trillion, with losses rising by 56% in the past decade. — Crowe UK
Having been a victim of fraud, coming up with ideas to prevent it from ever happening to me (and anyone else for that matter) again essentially contributed to me wondering into a totally different field from what I was accustomed to.
