What is ruling the internet age currently? Well, artificial intelligence seems to have captured eyes all over the glove, and people just cannot seem to get over it. These technologies have taken their shares of headline in past few years, but learning through machines is one of the hot topics of today’s world. Machine learning is enabling many companies to increase their top-line growth rate and optimization processes while increasing customer satisfaction and providing the manager a better way in achieving success by providing services to customers.
Machine learning is rapidly growing and infiltrating the businesses and workspaces that we can relate almost anything – from marketing to sales to demand forecasting to logistics. We might as well consider some examples of great businesses across the globe, some like Apple, Amazon, Alibaba, Microsoft, all had initially started by building devices that could handle large databases of information, using algorithms – machines that could recognize a problem and propose necessary solution to the problem.
Businesses are continuously working on developing and redeveloping the existing machinery to make human work simpler. Machine learning eliminates various biases that could be on purpose or inherent, and these biases can be removed by the use of machines, ensuring better management. This biasing could be a personal biasing that a manager focuses on the one liked employee and which will result in incorrect feedbacks and recognition. Machine learning removes any biases a manager might have – machines will store all the raw data that contain all information of all employees, regarding their qualifications and performance which tends to provide correct, unaltered feedback for the manager to judge
Machine learning in simplest terms, is a combination of fields that includes statistics, computer science, and information retrieval and this in turn teaches computers in recognizing various data patterns. Sentiment analysis is also a hot topic in this field and machine learning has moved into the realm of detecting emotions by testing the probability of certain words that appears close enough according to the person’s mood.
For businesses, machine learning capabilities are becoming a source of competitive dominance in more and more industries. Data solving, data storage and even analyzing employees by using various data sets are all included in this firm. More investment in data driven technologies including machine learning provide a company with better manager and this will become a great competitive step. This field has become increasingly main-stream and machine learning is so commonplace that we barely notice it being practiced around us. Machine learning used to its full efficiency can lead to new industrial revolution by solving various algorithms.