Machine learning is an application of artificial intelligence (AI) that provides systems with the ability to automatically learn and improve from experience without being explicitly programmed. The goal of machine learning is to get computers to learn in a similar manner to humans.
Machine learning is a type of artificial intelligence that helps computers learn without having to be programmed by a person. These computers are programmed in a way that focuses on data that they receive on a regular basis. This data can then help the machine “learn” what preferences are and adjust itself accordingly.
Nowadays, the development in Artificial Intelligence (AI) has brought us to the stage where organizations are using various algorithms, analysis, and experience to learn and program themselves without human intervention.
This type of procedure will create changes in too many industries. The use of machine learning has grown exponentially in the past few years, and you may not realize how widely it is used.
Following stats is just tip of the iceberg:
- 85% of customer interactions will be managed without humans by 2020.
- 38% of jobs could be replaced by AI/machine learning by the 2030s.
- 20% of top executives rely on machine learning to run their businesses.
- 48% projected growth in the Automotive Industry by 2025.
Source: jigtechnologies.com; elearninginfographics.com; pwc.co.uk; mckinsey.com