AI/ML is valuable when a task involves uncovering patterns or making predictions that cannot be expressed with a fixed rule set. Converting prices between currencies uses a publicly posted exchange rate and a straightforward formula. A rule-based calculation is cheaper, fully accurate, and easier to maintain than building, training, and operating an ML model. The other scenarios involve classification, anomaly detection, or personalized recommendations-areas where ML can add measurable value.
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Fundamentals of AI and ML
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