1) Machine learning involves analyzing data to find patterns and make predictions. It uses mathematics, statistics, and programming.
2) Key aspects of machine learning include understanding the business problem, collecting and preparing data, building and evaluating models, and different types of machine learning algorithms like supervised, unsupervised, and reinforcement learning.
3) Common machine learning algorithms discussed include linear regression, logistic regression, KNN, K-means clustering, decision trees, and handling issues like missing values, outliers, and feature engineering.