Companies and executives should understand ML to unleash its power
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Artificial Intelligence and other disruptive technology are spreading their wings in the current scenario. Technology has become a mandatory element for all kinds of businesses across all industries around the globe. Let us travel back to 1958 when Frank Rosenblatt created the first artificial neural network that could recognize patterns and shapes. From such a primitive stage we have now reached a place where machine learning is an integral part of almost all softwares and applications.
Machine learning is resonating with everything now, be it automated cars, speech recognition, chatbots, smart cities, and whatnot. The abundance of big data and the significance of data analytics and predictive analytics has made machine learning an imperative technology.
What is ML and Why Do We Need It?
Machine learning, as the name suggests is a process in which machines learn and analyze the data fed to it and predict the outcome. There are different types of machine learning like supervised, unsupervised, semi-supervised, etc. Machine learning is the stairway to reach artificial intelligence and it learns from algorithms based on the database and derives answers and correlations from them.
Machine learning is an integral part of automation and digital transformation. In 2016, Google introduced its graph-based machine learning tool. It used the semi-supervised learning method to connect clusters of data based on their similarities. Machine learning technology helps industries identify market trends, potential risks, customer needs, and business insights. Today, business intelligence and automation are the norms and ML is the foundation to achieve these and enhance the efficiency of your business.
Role of Machine Learning in Hyperautomation
A term identified by Gartner, Hyperautomation is the new tech trend in the world. It enables industries to automate all possible operations and gain intelligent and real-time insights from the data collected. ML, AI, and RPA are some of the important technologies behind the acceleration of hyper-automation. AI’s ability to augment human behaviour is aided by machine learning. Machine learning algorithms can automate various tasks once the algorithm is trained. ML models along with AI will enhance the capacity of machines and software to automatically improve and respond to changes according to the business requirements. […]
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