Possibilities Of The Future: How Machine Learning Impacts The World?
Ever heard that a machine defeated the world chess champion with simple moves? That's only a tip of the iceberg when it comes to understanding the impact of machine learning applications.
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/
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.
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.
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.