Machine Learning is Here: Is Your Business Ready to Leverage?
Signifcant gains are being seen in machine learning for business. However, despite advancement in the technology, companies are still unable to take full advantage of it, primarily owing to the lack of understanding for how to strategically execute machine learning to promote service enterprise goals. The technology is always causing plenty of excitement, yet, what exactly machine learning is, what it’s doing for businesses, and how good it is while at it are questions unanswered to many. Thankfully, you need not be a tech genius to start using machine learning right away–there are artificial intelligence consulting firms that can help your understand the idea and how it work for your business.
In this article, we define the machine learning concept and see how it can be harnessed today:
A branch of artificial intelligence, machine learning lets ecosystems, for example devices within the Internet of Things (IoT), learn and foresee outcomes without direct coding. Many times, the term AI is used in place of the technology since it is the AI element that has left the most visible mark on the real world until now, and it’s what your enterprise will probably harness. Typical areas where machine learning works today are autonomous chat robots that give you reliable guidance in instantaneous fashion on the web, spam filters that help get rid of those annoying emails from your inbox, as well as purchasing recommendations that are always customized around your specific shopping requirements. Self-driving cars are also joining the AI ecosystem along with many other systems.
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Through machine learning, computer hardware/software can develop preferences by learning from huge chunks of collected data. This approach is different from the use of algorithms and rules that get a system to ‘make the right call’ or programming a computer to be ‘smart’ by providing certain rules, exceptions, or filters. Solutions governed by direct rules are not very useful against the backdrop of actual-world computing.
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By leveraging cloud computing technology, the ubiquitous parallel computing resources, unlimited access to data storage, and the rapidly surging consumer information, artificial intelligence can now prove its realistic application on the world stage today. Digital as well as real world enterprises have proved the meaningfulness of using the technology to deliver business outcomes, harnessing machine learning with data sets they’ve gathered via the AI technology to move optimized customer experiences to the front with unprecedented speeds and efficiency rates.
Any time now, you may approach AI professionals for machine learning consulting if you need help identifying opportunities in your business where the technology can help drive impressive business outcomes.