How Machine Learning Generates Income for Businesses

Written by andersen | Published 2022/04/22
Tech Story Tags: machine-learning-in-business | ml | ml-development | ml-algos | machine-learning | artificial-intelligence | business | growth

TLDRIn 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.via the TL;DR App
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Written by andersen | Software Development Company
Published by HackerNoon on 2022/04/22
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