Machine Learning and Artificial Intelligence are the “hot topics” in every trending article of 2022, and rightfully so. It is much like how internet emerged as a game changer in everyone’s life, Artificial Intelligence and Machine Learning are poised to transform our lives which were unimaginable years ago.
What is Artificial Intelligence and Machine Learning?
Artificial Intelligence (A.I.) is a simplified problem-solving process for humans. It enables software to perform tasks without being explicitly programmed. It also includes neural networks and deep learning. It is the bigger concept of machines being able to perform tasks the way we would consider.
And, Machine Learning is an application of Artificial Intelligence (AI) that enables machines to access data and let them learn to perform these tasks. It uses algorithms and allows systems to find hidden insights without being programmed.
Why are A.I. and ML important?
Considering the growing volumes and varieties of data available, the need for computational processing is becoming vital to provide deep-rooted information which is cheap and easily available. With the help of A.I. and Machine Learning, it’s possible to automate models which can analyze bigger, complex data to return more fast and accurate results.
Organizations are finding profitable opportunities to grow their business by identifying the precise models to avoid unknown risks. The use of algorithms to build a model is helping organizations to bridge the gap between their products and users with better decisions and least human intervention. Most industries with enormous volumes of data have recognized the value of Machine Learning.
By garnering insights from this data, often in real-time, organizations have become more efficient in their workflow and gaining an advantage over other competitors.
The Biggies like Google, Facebook and Twitter banks on Artificial Intelligence and Machine Learning for their future growth. Google’s global chief executive officer (CEO), Sundar Pichai said:
I am confident India will be a global player in the digital economy
Who is using these technologies?
With a humongous amount of data becoming more available today, Machine Learning is starting to move to the cloud. Data Scientists will no longer explicitly custom code or manage infrastructure. A.I. and ML will help the systems to scale for them, generate new models on the go and deliver faster and accurate results.
The major industries where Machine Learning and Artificial Intelligence are used are:
1. Healthcare & Fitness
2. Sales and Marketing
3. Financial Trading
4. Transportation & Conveyance
5. Personal Security
6. Online Search