What is Machine Learning?
Machine Learning is computer science that gives computers the ability to learn without being explicitly programmed. Instead of writing lines of code with a lot of rules like “if something then do this”, Machine Learning software identifies patterns and creates algorithms based on large sets of data. It is an extremely powerful technique which is able to perform intelligent tasks which were up to now usually done by humans. It can recognize, predict, advice, optimize and classify, and therefore it can support the automation of various business and industrial processes, customer facing services and other data driven functions. Machine Learning is also an important part in the field of Artificial Intelligence.
Machine Learning is not new. It was already invented in the early sixties and in the past decades it had been used in the academic world and by large companies. However, it is one of the game-changing exponential technologies which only recently has become mature. With the growing availability of data, computing power and platforms, Machine Learning is now applicable within every organization.
“It’s not a question of who has the best technology, but who has the best understanding and appreciation of what this technology can unlock.“
Machine learning applications can be divided in four categories: