The pace of progress in machine learning is incredibly fast. However, when we think about machine learning and artificial intelligence, what comes to most of our minds is the inevitable robot overlords. But, the truth is that artificial intelligence is far less sinister and it is not something far-off in the future. It’s here today and it’s reshaping our way of life and simplifying how we live, work, travel and communicate.
In this blog, we will cover the introduction to machine learning and how machine learning applications have affected our lives in a nutshell.
What is machine learning?
Machine learning, a branch of artificial intelligence, is a method of data analysis, which automates analytical model building. Machine learning is based on the notion that systems can learn from data available, they can identify the patterns and make decisions with least human intervention.
Where artificial intelligence is a broad science of stimulating human-like abilities, machine learning is a subset of AI that enables machines to learn.
Evolution of machine learning:
With the latest computing technologies, machine learning today is not like it was in the past. Machine learning was born from pattern recognition, along with the theory that machines can learn without being programmed to perform any specific tasks.
Artificial intelligence has enabled systems to learn from previous computations and produce reliable, repeatable decisions and respective results. It is not a new science, however, it sure has gained new momentum.
It gives us the thrill to watch how smoothly and how fast machine learning applications have taken over our world and our lives. You can better understand the essence of machine learning with few of the widely publicized examples of machine learning applications, which includes getting personalized online recommendations when using Amazon and Netflix and knowing what customers are saying about your brand on Twitter. One of the more obvious and important uses of machine learning around the world is for fraud detection.
Who is using it?
Most industries that work with large amounts of data recognize the value of machine learning technology. Companies are able to work more efficiently and gain competitive advantage by collecting insights from this data, often in real-time.
Health care:
The trend of using machine learning technology in health care industry is spreading rapidly. One reason for this is the advent of wearable devices and sensors that are very useful in assessing data for patient’s health analytics in real-time. This technology can also help medical professionals to identify trends or red flags that might lead to better diagnoses and treatment experience for patients.
Marketing and sales:
Many website owners, especially e-commerce businesses, use machine learning to recommend customers items that they might like based on their previous purchases. The system analyze customers’ buying history and promote other items. The ability to gather data, analyze it and use it to provide personalized shopping experience is the future of retail.
Gaming and Entertainment:
Gaming and entertainment industries are taken over by technologies like machine learning, augmented reality, virtual reality and more. The use of artificial intelligence and machine learning is helping the gaming industry to create more realistic animations that mimic the natural ways and human-like abilities. With the help of realistic, complex scenarios and landscapes that improve user experience, as games themselves learn and adapt their actions.
The bottom line:
To keep up with the emerging technologies and create new business opportunities, you need a digital partner like TekRevol. This new age IT company help create disruptive machine learning applications from diverse industries including healthcare, real estate, gaming and entertainment, marketing and sales, financial institutions, transportation, and more.
