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 Duration 7 hours

Course Outline

Introduction to ML in the Financial Sector

  • Survey of prevalent machine learning applications in finance
  • Advantages and obstacles of implementing ML in regulated industries
  • Overview of the Azure Databricks ecosystem

Preparing Financial Data for Machine Learning

  • Importing data from Azure Data Lake or other database sources
  • Performing data cleaning, feature engineering, and transformations
  • Conducting exploratory data analysis (EDA) within notebooks

Training and Assessing ML Models

  • Data partitioning and selection of appropriate ML algorithms
  • Developing regression and classification models
  • Measuring model effectiveness using financial-specific metrics

Managing Models with MLflow

  • Monitoring experiments by tracking parameters and performance metrics
  • Storing, registering, and versioning models
  • Ensuring reproducibility and comparing model outcomes

Deployment and Serving of ML Models

  • Preparing models for batch processing or real-time inference
  • Delivering models through REST APIs or Azure ML endpoints
  • Incorporating predictions into financial dashboards or alerting systems

Monitoring and Retraining Workflows

  • Scheduling regular model retraining with updated data
  • Tracking data drift and maintaining model accuracy
  • Automating comprehensive workflows using Databricks Jobs

Case Study: Financial Risk Scoring

  • Creating a risk scoring model for loan or credit assessments
  • Interpreting predictions to ensure transparency and regulatory compliance
  • Implementing and testing the model within a controlled environment

Requirements

  • A solid grasp of fundamental machine learning principles
  • Proficiency in Python and data analysis techniques
  • Working knowledge of financial datasets or reporting standards

Intended Audience

  • Data scientists and machine learning engineers operating within financial services
  • Data analysts aiming to transition into machine learning roles
  • Technology professionals tasked with implementing predictive analytics in finance

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