Feature Engineering: Using AI techniques for automated feature extraction and selection in large datasets

Authors

  • Muneer Ahmed Salamkar Senior Associate at JP Morgan Chase, USA Author

Keywords:

Feature Engineering, AI, Feature Selection

Abstract

Feature engineering is a critical step in the data analysis and machine learning pipeline, often determining the success of predictive models. With the advent of artificial intelligence, automated feature extraction and selection have emerged as transformative techniques for handling large datasets. These methods leverage AI-powered algorithms to identify meaningful patterns, relationships, and features that traditional manual approaches might overlook. Techniques such as deep learning-based feature extraction, genetic algorithms for feature selection, and unsupervised methods like clustering enable data scientists to process high-dimensional data efficiently. Automated approaches reduce the time and expertise required for feature engineering while improving model accuracy and generalization. In particular, tools like neural networks can automatically derive abstract features from raw data, while optimization algorithms streamline the selection of the most relevant features, eliminating redundancy and noise. This automation is especially beneficial for large-scale datasets, where manual feature engineering could be more practical. Applications span industries, including finance, healthcare, and e-commerce, where automated feature engineering enables models to uncover hidden insights and drive impactful decisions. However, challenges such as ensuring interpretability, avoiding overfitting, and managing computational costs remain significant considerations. By integrating AI-driven techniques into feature engineering workflows, organizations can achieve greater efficiency, scalability, and accuracy in their data-driven initiatives, unlocking the full potential of their datasets.

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Published

25-12-2023

How to Cite

[1]
Muneer Ahmed Salamkar, “Feature Engineering: Using AI techniques for automated feature extraction and selection in large datasets”, J. of Artificial Int. Research and App., vol. 3, no. 2, pp. 1130–1148, Dec. 2023, Accessed: Dec. 23, 2024. [Online]. Available: https://aimlstudies.co.uk/index.php/jaira/article/view/321

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