Understanding AutoML Algorithms

All ML algorithms have a foundation in computational statistics. Computational statistics is the combination of statistics and computer science where computers are used to compute complex mathematics. This computation is the ML algorithm and the results that we get from it are the predictions. As engineers and scientists working in the field of ML, we are often expected to know the basic logic of ML algorithms. There are plenty of ML algorithms in the AI domain. All of them aim to solve different types of prediction problems. All of them also have their own set of pros and cons. Thus, it became the job of engineers and scientists to find the best ML algorithms that can solve a given prediction problem within the required constraints. This job, however, was eased with the invention of AutoML.

Despite AutoML taking over this huge responsibility of finding the best ML algorithm, it is still our job as engineers and scientists to verify and justify the...