Machine Learning is Here: Is Your Business Ready to Leverage?
Machine learning for business is something of a revolution in enterprises. Yet, while the technology is progressing, not all businesses have managed to leverage it fully, mainly because they known now how to strategize on implementing machine learning in harmony with their business objectives. 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. Fortunately, businesses don’t have to go to school to harness machine learning today, rather, artificial intelligence consulting firms are involved in working with companies toward demystifying and taking full advantage of the technology.
Here, we look at what machine learning is and what levering it means for enterprises:
Machine learning is based on artificial intelligence and it enables systems, such as devices in the Internet of Things (IoT), to learn and foretell results without explicit programming. The mention of “AI” may mostly mean machine learning main because this is the AI technology subset with the most practical application anywhere around the world to date, and chance are that it’s what your company will adopt. Some real-world examples of machine learning use right now are non-human chatbots for meaningful online help right away, spam filters that conveniently separate the wheat from the chaff when it comes to email messages, and product recommendations that typically tend to get your purchasing preferences right all the time. 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. The technique differs from traditional algorithms and rules that always tell the system what to do, or software meant to create a ‘smart’ computer via a set of parameters, rules, or exceptions. The problem with rule-based systems is that they become unreliable in the face of the complexity of the real-life scenario.
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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. Any company, whether in the digital or physical realm, can utilize the technology and yield impressive business objectives by deploying machine learning onto consumer data sets acquired through the AI technology, the outcome being the ability to attain the best customer experience within the shortest time possible and most efficiently.
With the help of AI companies you may engage today, you can pinpoint feasible aspects of your enterprise that can leverage the technology with a view to accelerating the achievement of business results.