Why Machine Learning Should Matter to You?

In recent years, machine learning has taken the world by storm as more people attempt to automate processes and build their data faster. As a method of analyzing data, machine learning development allows companies to learn from the information they are able to gather without using much human interference. With the artificial intelligence being exposed to more and more data, they can adapt, learn, and produce decisions based off of that data.

The main difference with machine learning is that just like statistical models, the goal is to understand the structure of the data – fit theoretical distributions to the data that are well understood. So, with statistical models there is a theory behind the model that is mathematically proven, but this requires that data meets certain strong assumptions too. Machine learning has developed based on the ability to use computers to probe the data for structure, even if we do not have a theory of what that structure looks like. The test for a machine learning model is a validation error on new data, not a theoretical test that proves a null hypothesis. Because machine learning often uses an iterative approach to learn from data, the learning can be easily automated. Passes are run through the data until a robust pattern is found.

As the world grows and changes, being able to analyze the trends in the market and wants of its users is absolutely crucial for a company to be on top of their industry. Machine Learning, therefore, is incredibly important. In fact, almost every single industry is using machine learning in some capacity.

Machine Learning Frees Your Employees

Machine learning lets your employees learn new skills that they would not have had time for otherwise. Rather than analyzing extensive sets of data for hours at a time, employees can focus more on things that artificial intelligence is unable to do for the business (things that fluctuate or that need human interaction in to work). Using machine learning, you can also take out the human error that can occur as well.

Using Machine Learning Allows You to Stand Up Against Competitors

Automating your processes and analyzing data with machine learning can help you do things quicker and more efficiently than your competitors. Some companies even analyze public information about competing firms with their AI, as it can clue them in on what steps that company might be taking in the future. Complex problems are suddenly turned into simple ones as data trends that were previously undetectable, are easy to find with machine learning.

Scale with Machine Learning

With the added time your employees have and the extra money your company will save by using machine learning, scalability is much more attainable. Problems that could not be solved before, are now made easy with AI and allow you to focus on combined solutions to streamline business – and in the end, scale your business.

When a company can improve their productivity, efficiency, and the processes by which they make decisions, they are exponentially better prepared to handle more work. As the company scales, their machine learning continues to adapt alongside the business and provide more solutions. Charter Global can help you implement a Machine Learning development strategy specific for your application and business. Call today to set up a free consultation.

Charter Global has been providing IT services, skilled technology resources, consulting, and business solutions to corporate customers since 1994.