Future Scope of
MACHINE LEARNING
According to Fortune business insights, the global ML/AI market size is valued at $21.17 billion in 2022 & is expected to reach $209.91 billion by 2029, growing at CAGR of 38.8% during the forecast period.
Why is Machine Learning Important?
ML is important because it gives enterprises a view of trends in customer behaviour and business operational patterns. And it also supports the development of new products. Many of today’s leading companies, like Facebook Google and Uber make ML a central part of their operations.
Advantages of Machine Learning
Problems of Machine Learning
Exciting Future of Machine Learning
86% of individuals that ML and AI are now an important part of their companies. Over 50% of them reported acceleration of adoption plans for this technology after the impact of the COVID-19 pandemic on businesses worldwide.
How Machine Learning is Becoming the Technology of the Future?
ML tools offer powerful capabilities to several industrial sectors. Some important ones are listed below
Industries Being Disrupted by Machine Learning
Data Quality and its Importance in Machine Learning
ML is the process of using statistical techniques on data and training computers on how to think. Data is directly proportional to a machine learning model's performance and is an important part of any ML/AI application.
Key Industry Players in Machine Learning
Companies such as Microsoft, Oracle, Amazon and IBM are the key industry players leveraging AI and ML to empower their businesses and innovate new things.
Learn more about where machine learning is headed