The term ‘machine learning’ is that field of data analytics that shows computers how to learn using a given set of data input. In simpler technological terms, it is how an algorithm is used to tell a computer how to program itself so that each task doesn’t have to be explicitly typed in.
At the rate at which data is being generated and used for building businesses, data analytics is fast becoming the business strategic tools of the future. This is why machine learning, a part of artificial intelligence, is as significant as it is today.
For example, you can use machine learning for determining how many units are likely to be sold in the upcoming financial year, predict inflation in stocks and use a customer review or input to suggest certain products that might be suited to them.
Aside from personalizing customer’s experiences, machine learning can even be used to improve the security of data by discovering new data discovery patterns and isolate anomalies.
Now imagine the impact that this has on business. Our new report shows that the Global Machine Learning Market will be worth USD 13.5 Bn by 2023.
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Critical factors covered in this analytical report
There’s a lot of technical tasks that went into writing this research report, that not only called for the skill of the researchers and analysts here at Research On Global Markets. It also required their effort, patience, and approach to analyzing industry data as well.
• Assessment of the segmentation of this industry based on deployment concerning on-premises and cloud methods.
• The uses, applications, and benefits that each deployment method has in various industries.
• Assessment of the segmentation of this industry based on end-user industries concerning the retail, BFSI, healthcare, digital advertising, and other sectors deemed relevant.
• Assessment of market activity in each region and the net total revenues as raked in by each of them.
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