Question

 

Are there particular areas you think are ripe targets for the application of machine learning? What are they, and why do you think they could benefit from the application of machine learning? (Medium, 6 marks)

Answer 1

Machine Learning, in general, is affecting every sector improving productivity and better decision making and efficiency, but in particular healthcare or pharma sector and self-driving cars are among the ones which will be benefited the most.

Today a typical process of creating a new drug requires a minimum of 8-9 years to reach the market because of multiple phases of testing and researching. Because a very huge amount of data is present in the pharma sector now researchers are using machine learning models to test their drug efficiency this will significantly reduce the time for the drug to reach the market. Personalized drugs and diets can also be created by analyzing the data of an individual and changing ingredients accordingly. Earlier most of the drugs are based on considering its effect on the majority of the population but still not every individual has the same effect.

If we exclude fatalities due to diseases then death by car accidents tops the list among the rest causes of death. Because of the vast amount of data generated by cars, self-driving cars are becoming safer and safer every day by the application of computer vision and machine learning techniques. Cars will become safer and it will reduce the chances of human errors like sleeping during the drive, drinking and driving, speeding, etc. We can expect a decline in the number of deaths due to car accidents as machine learning models improves in the coming years.