from sklearn.externals.joblib import Memory from sklearn.datasets import load_digits mem = Memory("./mycache") @mem.cache def my_data(): digits = load_digits() return digits.data, digits.target data, target = my_data()In this code example, the `Memory` package is imported, and an instance of it is stored in `mem`. A function `my_data` is defined, which loads the digits dataset and returns its data and target values. The function is then decorated with `mem.cache`, which enables caching for this function. The cached result is stored in the specified directory `./mycache`. When the `my_data` function is called, the caching mechanism first checks whether the function has been called before with the same parameters. If so, it returns the cached result. If not, it calls the function and stores the result in cache for future use. Overall, sklearn.externals.joblib Memory is a library that provides a caching mechanism to store function call results in memory, which can save time in calling the same function repeatedly.