What isruling the internet age currently? Well, artificial intelligence seems to have capturedeyes all over the glove, and people just cannot seem to get over it.
Thesetechnologies have taken their shares of headline in past few years, but learningthrough machines is one of the hot topics of today’s world. Machine learning isenabling many companies to increase their top-line growth rate and optimizationprocesses while increasing customer satisfaction and providing the manager a betterway in achieving success by providing services to customers. Machinelearning is rapidly growing and infiltrating the businesses and workspaces thatwe can relate almost anything – from marketing to sales to demand forecastingto logistics. We might as well consider some examples of great businessesacross the globe, some like Apple, Amazon, Alibaba, Microsoft, all hadinitially started by building devices that could handle large databases ofinformation, using algorithms – machines that could recognize a problem andpropose necessary solution to the problem. Businessesare continuously working on developing and redeveloping the existing machineryto make human work simpler. Machine learning eliminates various biases that couldbe on purpose or inherent, and these biases can be removed by the use ofmachines, ensuring better management. This biasing could be a personal biasingthat a manager focuses on the one liked employee and which will result in incorrectfeedbacks and recognition. Machine learning removes any biases a manager mighthave – machines will store all the raw data that contain all information of allemployees, regarding their qualifications and performance which tends toprovide correct, unaltered feedback for the manager to judgeMachine learningin simplest terms, is a combination of fields that includes statistics,computer science, and information retrieval and this in turn teaches computersin recognizing various data patterns.
Sentiment analysis is also a hot topic inthis field and machine learning has moved into the realm of detecting emotionsby testing the probability of certain words that appears close enough accordingto the person’s mood. For businesses,machine learning capabilities are becoming a source of competitive dominance inmore and more industries. Data solving, data storage and even analyzingemployees by using various data sets are all included in this firm. Moreinvestment in data driven technologies including machine learning provide a companywith better manager and this will become a great competitive step.
This field hasbecome increasingly main-stream and machine learning is so commonplace that webarely notice it being practiced around us. Machine learning used to its fullefficiency can lead to new industrial revolution by solving various algorithms.