The document outlines the seven steps in the machine learning life cycle:
1) Data collection from various sources to obtain a coherent dataset.
2) Data preparation including exploring and preprocessing the data.
3) Data wrangling to convert raw data into clean data by handling issues like missing values.
4) Data analysis including selecting models and techniques to build and evaluate a machine learning model.
5) Training the model using the data sets and machine learning algorithms.
6) Testing the trained model using a test dataset to determine accuracy.
7) Deployment of the model in a real-world system if it meets accuracy and speed requirements.