What is Machine Learning and how can it benefit my business right now?
For the sake of discussion, I simplify the definition of “Machine Learning”, down to: “algorithms which look for patterns that people might overlook in big sets of data.” Machine Learning works best when a feedback loop can be established to “teach” the algorithm on an ongoing basis how correct its previous output was. That feedback becomes a new piece of data the algorithm can use to provide better results in the future.
Like with all emerging technologies it can be hard to find examples of how it can be applied to any one person’s situation. Popular examples of Machine Learning involve self-driving cars and image identification.