Today, organisations compete in a very dynamic environment where rules and equations of today become obsolete tomorrow, be it competitor pricing or supplier lead times or employee behavior or customer buying patterns! It is next to impossible to keep updating your software solutions with the changing business and environment parameters. That is where solutions built on Machine Learning techniques come into play! Machine Learning is the subset of AI that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning focuses on the development of computer programs that can access data and use it to learn for themselves.
Projected to grow at a Compound Annual Growth Rate (CAGR) of 42.8% from 2018 to 2024, the global Machine Learning (ML) market will worth $30.6B in four years according to MRFR analysis. With more and more unstructured data in organisations, Machine Learning adoption has become a natural answer to many of the business queries.