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Machine Learning (ML) in its literal terms implies, writing algorithms to help Machines learn better than humans. ML is an aspect of Artificial Intelligence (AI) that deals with the development of a mathematical model which is fed with training data to identify patterns in that data and produce an output. The goal of ML is to make machines that act like humans, to make man’s tasks easier. ML's potential is still yet to be maximized, but businesses are throwing in grants and funding to encourage ML researchers to explore it.