Possibilities Of The Future: How Machine Learning Impacts The World?

SINGAPORE - Dec. 10, 2018 - PRLog -- Bill gates openly said that "A breakthrough in machine learning would be worth ten Microsofts."  When the chairman of one of the world's largest tech corporation makes a statement like that, you know that machine learning is something that cannot be taken casually. Gartner also reports that by 2020, i.e. in 2 years, 85% of customer interactions will be managed without a human. Neural networks have made their mark in every industry and machine learning companies are only taking advantage of this huge upsurge in demand for AI systems.

Understanding the Rise of Machine Learning Applications

In 1997, IBM's AI program Deep Blue defeated the world champion Gary Kasparov in a game of chess. This amplified the imagination of developers as they understood the tremendous opportunities that came with AI & machine learning. With organizations moving towards advanced technologies for process improvement, machine learning applications like chatbots have become the preferred choice of businesses for providing customer service.

On May 8th 2018, Google assistant demonstrated its AI potential by booking an appointment at a hair salon & making restaurant reservations with stellar conversational capability. With machine learning (https://www.botreetechnologies.com/blog/how-to-use-machin...), a huge amount of data can be structured which allows them to adapt to the environment and develop communication patterns. Chatbots (https://www.botreetechnologies.com/chatbot-for-your-business) are based on this idea whereas automation & machine learning work together for gathering insights into potential business problems..

The Impact of Machine Learning On Business & Industry

From self-driving cars to personal assistants, machine learning has stepped into every industry. The rapid growth in software products with AI capabilities have turned the attention of almost every sector to machine learning including financial services, home automation, hospitality, and even entertainment.

Detecting Financial Frauds

AI & machine learning has uplifted the spirits of credit card companies & banks by helping them detect fraud. It enables them to analyze years of data to detect anomalies that point towards the fraud. It offers security to a huge amount of customer's data that spans over years and finds where the transaction regarding fraud has taken place.

Life-Threatening Jobs

With robotic automation in effect, manufacturing industries are handling over dangerous jobs to machines. As the AI programs improve, several governments also eye on utilizing them for bomb disposal activities saving precious lives. Welding is another intensely dangerous job that can be replaced by robots thereby eliminating the need to risk human life.

Healthcare Automation

Machine learning applications are increasingly becoming imperative in hospitals for treating patients. Healthcare industry is utilizing predictive analytics to understand the gene structure & prevent diseases before they occur. Machine learning is transforming the industry by providing deeper insights & diagnosing patients with reliability & accuracy.

The hype about artificial intelligence is not something that rose suddenly. Since the early days, developers have understood the huge potential of powerful computers and now they have started to exploit it. Machine learning is more than making robots do the work; it's about making the machines learn, adapt & grow that serves the humans in a better way.