Artificial Intelligence and Machine learning is a boon for many industries

By ridhigrg | Dec 7, 2018 | 1710 Views

Artificial Intelligence and Machine learning is a combination of new technologies and new techniques. Machines become more advanced and easily grab the new inputs and perform a task more like a human.  Using these advanced technologies, computers are able to process a large amount of data can easily recognize patterns in the data. These smart technologies are able to deal with complexities and easily learn and predict data. The technical industry is therefore enhanced by the advanced algorithms and it improves the computing power and storage. 

Artificial Intelligence is leveraged by different companies across varied industries. It also enhanced productivity and countries economic development. More and more industries are evaluating with artificial intelligence approach. There are many industries that are developed through artificial intelligence that are, healthcare, retail, manufacturing, finance, transportation, retail, etc. Machine learning is mainly the category of the algorithm which makes the software more accurate in predicting some outcomes. These both have boomed in industries and they are often used interchangeably. They are not similar but yes they do act like one a combined unit. Big data analytics and technological change are enhanced by these technologies. Therefore artificial intelligence works smarter with the concept of machines so that tasks can be carried out. On the other hand, machine learning belongs to the application of artificial intelligence which is based on the idea that we should give machines access to data. 

There are certain driving forces which enable Artificial Intelligence and Machine Learning to boom:

Computing power:
High functioning computers need advanced hardware and infrastructure. To match the capabilities of an advanced computer system now we have GPU. GPU cloud services are easily accessible by every individual. GPU cloud speed up the process by implementing some machine learning algorithms. 

Data availability:
More and more data is generated these days than ever before. Personal data, as well as professional data, need to be maintained on social platforms like Google, Whatsapp, and many other social media apps. There are many apps like uber and ola who tracks all your location on their own. They have sensors fitted in their cars, so there is a lot of data which is available and need to be maintained. 

Better algorithms development:
Earlier, the data available wasnt enough for training a machine, so availability of data build algorithms which helped machines to get advanced themselves. Algorithms do better if we have more data. Large data made it possible to train algorithms using every image on social media sites. 

As we are entering the age of advanced technologies, machines have become our source to move. Experts use artificial intelligence in many purposes, for embedding chatbots and integrating with smart sensors for consumers and industrial use. Artificial intelligence has become the fourth industrial revolution. As it will the most important technology of the 21st century. Machine learning and artificial intelligence are all about customizing the offer of the customer, and future trends are being predicted to improve logistics and optimize the stock. 

Source: HOB