- Campus Life - https://campuslife.blogs.ie.edu -

MACHINE LEARNING FOR FRAUD DETECTION – IE AI CLUB

[1]On Wednesday, 27th March 2019; the IE AI Club hosted the Machine Learning for Fraud detection event session. Our speaker was Professor Jesus Prada an expert in Machine Learning -Sigesa and holds many credentials under his name such as Professor -IE School of Human Science & Technology, Teacher at DevAcademy, Freelance Data Scientist -Hospital Clinico San Carlos, Machine Learning Engineer, Madrid-MIT M+Vision Consortium and many more)

[2]Professor Jesus Prada walked the audience through the fundamentals of Machine Learning, the importance of aspiring data scientist to be well-rounded & balance in computer science, business knowledge and Statistic and mathematics. He further presented on Data sources, Pre-processing data, Algorithm parameters, Machine Learning models analyses and Evaluation Metrics.

The audience remained engaged throughout the presentation & fascinated by such rich knowledge.

Jesus Prada further elaborated on a very important concept in Machine learning ‘Accuracy Vs Interpretability trade-off’
“In Machine Learning, the most accurate models tend to be the most complex ones, for this reason, best models are usually the less interpretable ones”

This event was indeed enriching and captivating. Stay tuned with the AI Club for our upcoming events!