- Deep learning is an AI function that mimics the workings of the human brain in processing data for use in detecting objects, recognizing speech, translating languages, and making decisions.
- Deep learning AI is able to learn without human supervision, drawing from data that is both unstructured and unlabeled.
- Deep learning, a form of machine learning, can be used to help detect fraud or money laundering, among other functions.
How Deep Learning Works
Deep learning has evolved hand-in-hand with the digital era, which has brought about an explosion of data in all forms and from every region of the world. This data, known simply as big data, is drawn from sources like social media, internet search engines, e-commerce platforms, and online cinemas, among others. This enormous amount of data is readily accessible and can be shared through fintech applications like cloud computing.
However, the data, which normally is unstructured, is so vast that it could take decades for humans to comprehend it and extract relevant information. Companies realize the incredible potential that can result from unraveling this wealth of information and are increasingly adapting to AI systems for automated support.
Deep Learning vs. Machine Learning
One of the most common AI techniques used for processing big data is machine learning, a self-adaptive algorithm that gets increasingly better analysis and patterns with experience or with newly added data.
If a digital payments company wanted to detect the occurrence or potential for fraud in its system, it could employ machine learning tools for this purpose. The computational algorithm built into a computer model will process all transactions happening on the digital platform, find patterns in the data set, and point out any anomaly detected by the pattern...
