What is machine learning and where is it used?

Data Science, AI and ML
#1

Machine learning is a branch of artificial intelligence that automates analytical model building. Machine learning systems learn from data, identify patterns, and then make decisions based on those patterns with minimal or no human intervention. It is used in every industry and across many different branches of an organization. ML has countless applications within enterprises and is a worthwhile investment toward automating previously time-consuming processes. Some common examples of ML includes :

(i) Sales or Demand Forecasting
(ii)Product Recommendation Engines
(iii)Speech recognition
(iv)Chatbots

These are all processes that can be crucial to the success of a business, but can be time consuming for individual workers. Companies can save time and resources by training a model to perform these functions, rather than using people.