What is Machine Learning and How is it Changing Business?

Machine learning may once have been a topic of discussion only for computer scientists and researchers. Now, however, it is a technology businesses are eager to use. The need for machine learning and Artificial Intelligence (AI) is being driven by the massive amount of data being generated today. Statisticians can get insight from this data. But the volume is so large and growing at such a rate, the best way to tackle it is using the very same machines that are in part responsible for creating the data. Machine learning outside of academia and specialized fields is seeing increased adoption because of the growth of this data. But more importantly, the availability of powerful computers, cloud technology, cheap storage and low computational costs is making it more accessible. What is…

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