While Artificial Intelligence and Machine Learning provide ample possibilities for businesses to improve their operations and maximize their revenues, there is no such thing as a “free lunch.”
The “no free lunch” problem is the AI/ML industry adaptation of the age-old “no one-size-fits-all” problem. The array of problems the businesses face is huge, and the variety of ML models used to solve these problems is quite wide, as some algorithms are better at dealing with certain types of problems than the others. Thus said, one needs a clear understanding of what every type of ML models is good for, and today we list 10 most popular AI algorithms:
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