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It’s About Time Businesses Started Taking Advantage of Machine Learning

Machine learning for business is something of a revolution in enterprises. Machine learning may have made strides so far, but its full benefits are still a pipedream to many enterprises, basically due to their lack of expertise on how to leverage the technology toward enhancement of company missions. Despite the buzz generated by the topic, machine learning is still not very well understood in terms of what it is, what it’s for, and how superb a technology it is. The good news that is application of machine learning today is not for tech gurus alone–your business work with artificial intelligence consulting firms for in-depth insights into the technology to use it for business interests advancement.

In this article, we define the machine learning concept and see how it can be harnessed today:

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 concept is oftentimes used interchangeably with AI since it is the AI component that has had the greatest impact in real-life scenarios so far, and it’s what your company is most likely to leverage. 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.
Finding Ways To Keep Up With Machines

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. A major issue concerning rule-based software is that it proves fragile when handling the intricacies of the real world.
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Through harnessing cloud computing, the around-the-clock availability of parallel processing abilities, inexhaustible data storage facilities, and the consistently soaring volumes of consumer-captured data, AI is ultimately able to make the case for its functional value. Businesses in both the digital and physical world are harnessing the technology to drive business results, with machine learning being applied to pieces of data the AI subset helped assemble to deliver the most superior of customer experiences to the frontline as quickly and efficiently as practical.

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.