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What is Machine Learning? (Infographic)
Machine learning (ML) is a discipline of Artificial Intelligence. It is based on the ability of systems to learn from data, identify patterns, and enact lessons from that data without human interaction — or with minimal human interaction. Machine learning makes day-to-day and repetitive work much easier! Financial, healthcare, IT, manufacturing, and many other industries have adopted ML technology, and many more soon will.
So what exactly, is machine learning used for? Today’s infographic will answer that question — and discuss its use, advantages, associated career paths, and more. (click the image to view a larger version)
Conclusion: What is Machine Learning?
Artificial intelligence (AI) is a broad science that focuses on mimicking human abilities. Machine learning is an AI subset that specifically trains machines how to learn. While ML has been on the market for some time, usage of machine learning algorithms entered the spotlight in recent years. The ability to apply ML to big data—repeatedly processing information faster and faster—is an even newer development.
So what is machine learning used for?
Well, we’ve seen its utility in many industries so far, but this is just the beginning. According to Codeburst, “The machine learning market is expected to grow from USD 1.03 Billion in 2016 to USD 8.81 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 44.1% during the forecast period.”
The evolution of machine learning is expected to go beyond “mere” deep learning. In the next decade, ML platforms are expected to incorporate knowledge representation, reasoning, planning, and optimization. Since the evolution of machine learning is expected to bring even more advantages in faster processing, predictions, and recommendations of data — industry leaders see ML together with AI as a top priority for industry investments.
We are excited to follow and report on future developments in AI - especially changes involving Machine Learning!
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