Machine Learning Helps Solve Business Problems

Machine learning is a program or a set of statistical methods which utilises data to find patterns and improve performance. Businesses planning to use Machine Learning (ML) to solve business problems can begin with asking a few questions, such as what business problems need to be solved, whether there is enough data and experience to teach the machine, is there a proof of concept, and whether constant supervision of the solution is possible.  Thus, machine learning is most suitable for two kinds of situations, one, where rules for solving problems cannot be defined and there are many factors, overlying features, and subtle nuances in identifying and applying the rules; and two, when the scale of operation is huge and monotonous.  Machine learning which relies on data analysis, could provide solutions…

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