What kinds of changes does machine learning bring to the market?
Industries having access to large of amounts of data have recognised the value of machine learning technology. They have been utilising it to differentiate themselves from their competitors.
Machine learning assists in making recommendation and up or cross-selling, e.g. 75% of Netflix views are driven by recommendation*.
Machine learning’s modern search engines and natural language processing (NLP) technology can be used to organise massive data and documents.
Using machine learning algorithms to analyse data and identify patterns and trends for designing better routes or predicting road condition.
Machine learning performs data analysis can assist to detect and prevent fraudulent transaction by identifying abnormal trend and patterns.
*For more details, please refer to 75 Percent of Netflix Viewing Based on Recommendations