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In 2020, 34% of organizations in the US, Europe, and China were using AI and ML technologies. By 2024, the machine learning market is predicted to grow by 42%. McKinsey researchers found that artificial intelligence and machine learning can increase the productivity of certain industries from 30% to 128% (see the infographic below) It helps businesses in the following ways: ML analyzes customer behavior, analyzes the behavior of customers, predicts demand for goods and improves the product sales. The technology determines the language of reviews, phrases and sentiments, even a result, even if it doesn't know the answers to them.
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