How Machine Learning Will Change Every Business

Though many might not be entirely familiar with machine learning, it is already making an impact on our lives. Machine learning and artificial intelligence are said to be shaping the future; creating a new norm for communication and interaction. It’s already experienced significant growth over the last decade, with automation software taking the lead.

Machine Learning: Defined

Machine learning is a technology closely linked to artificial intelligence. Essentially, it’s a term for a computer’s ability to self-teach and improve its performance on tasks. It means that for each task it undertakes, it can learn from its mistakes to make predictions and get it correct the next time. It uses this information to refine its knowledge, creating algorithms for certain situations. Businesses such as Google and Amazon already use this algorithm to analyse user’s search activity.

The Impact On Industries

Machine learning will undoubtedly be disruptive for many industries. It has the potential to completely change the way a business operates; an exciting prospect for the future. IOS app development also means that at some point, devices can be linked with AI to create enhanced experiences for customers. At present, when we think of robots in the workplace, the closest thing we can equate it to is automatic machines. The rate that artificial intelligence is developing could mean that, sooner rather than later, robot helpers are more common in the retail industry. Automation software could change the face of customer service by responding to queries and analysing chats, to give more useful and accurate responses each time. Here are some of the industries that may benefit most from machine learning:

Education

The education industry could benefit from machine learning endlessly. It’s known that the education industry is currently struggling more than ever in quality of teaching for students due to tight budgets. Therefore, machine learning would be able to lessen the responsibilities and pressures often placed on teachers. Daily tasks such as grading papers and lesson planning could be compiled based on algorithms, saving the teacher hours of time. Though it’s evident no robots will be taking over any teacher’s entire job role – they can certainly help ease the number of tasks a teacher faces during the day.

Healthcare

Healthcare practices across the country already use machine learning to give faster patient diagnosis and also predict future problems a patient may face. Hospitals are using artificial intelligence algorithms to detect tumours for accurately. They are also commonly used to analyse moles for skin cancer. Given that the technology is already doing so much for the healthcare industry, it’s hopeful that it will be able to help even more in the future, perhaps with finding a cure to cancer.

Law

Legal firms are turning to machine learning to help with data processing. In many cases, it can save legal teams hours of work. Much like the education industry, law requires humans for logic, reasoning and the personal touch, so they could never be replaced by machines. However, both industries will benefit from the help that AI can provide.

What Does A Future With Machine Learning Look Like?

Machine learning has come a long way in a short space of time, improving the work environment for many industries as well as impacting customer experiences. The technology is yet to reach its peak, but businesses will do well to fully embrace it when it does. Even in its infancy it’s already changing industries and how they operate, it’s only a matter of time before it infiltrates other industries in the future.

Richard Meadow is a freelance writer that works closely with small businesses and android app development. He is always interested in modern and advanced technology and enjoys writing about it.