Tag: benefits of machine learning

The Future of Machine Learning

Posted on by Idexcel Technologies

Technology is innovating and revolutionizing the world at a rapid pace with the application of Machine Learning. Machine learning (ML) and Artificial Intelligence (AI) might appear to be the same, but the reality is that ML is an application of AI that enables a system to automatically learn from data input. The functional capabilities of ML drive operational efficiency and capacity automation in various industries.

Technological Innovation for Convenience
Workforce handling is tedious and less productive; this is where Artificial Intelligence has lucratively overcome the age-old system of manual labor. With the world moving at such a fast pace, monitoring has become a constraint for most organizations; for this very reason, Artificial Intelligence and Machine Learning are used more as tools of convenience rather than just pieces of technology.

We have seen how accounting systems have replaced ledger books. At the same time, processes have been set up to align machines with organizational requirements effectively to balance everyone’s demands.

However, with the way Artificial Intelligence is advancing, it seems this technology is quickly going to change the way processes are functioning. Not only trends on social media will be affected, but even marketing will see a complete makeover through the use of Artificial Intelligence.

The Effect on Various Fields
When it comes to Artificial Intelligence, everybody wants a taste of it. From marketing experts and tech innovators to education sector decision-makers, Artificial Intelligence holds the capability to pave the path for a healthy future. Artificial Intelligence has been designed to provide utmost customer satisfaction. To derive maximum results from the nuances of AI customer-centric processes will need to align their business metrics to the logic of this latest technology.

As Big Data evolves, machine learning will continue to grow with it. Digital Marketers are wrapping their heads around Artificial Intelligence to produce the most efficient results by putting in minimal efforts. The entire algorithm and the build of Artificial Intelligence will be used to predict trends and analyze customers. These insights are aimed at helping marketers build patterns to drive organizational results. In the future, it seems like every basic customer need would be taken care of through fancy automation and robotic algorithms.

Healthcare Sector
The healthcare industry is one of the widely reckoned industries in the world today. Simply put, it has the maximum effect on today’s society. Through the use of Artificial Intelligence and Machine Learning, doctors are hoping to be able to prevent the deadliest of diseases, which even includes the likes of cancer and other life-shortening diseases.

Robots Assistants, intelligent prostheses, and other technological advancements are pushing the health care sector into a new frenzy, which will be earmarked towards progressing into a constantly evolving future.

Financial Sector
In the financial sector, it’s vital to ensure that companies can secure their operations by reducing risk and increasing their profits. Through the use of extensive Artificial Intelligence, companies can build elaborate predictive models, which can successfully mitigate the potential of on-boarding risky clients and processes; this can include signing on dangerous clients, taking on risky payments, or even signing up on hazardous loans.

No matter what might be the company’s requirement, Artificial Intelligence is a one-stop shop when it comes to preventing fraudulent activities in day to day operations – this, in turn, will lead to money savings possibilities, profit enhancement and risk reduction within every organizational vertical.

Robotics
We are steadily heading towards a future that will be marked complete with the rise of robotics and automation; this is not going to be restricted to the medical sector only; intelligent drones, manufacturing facilities, and other industries are also going to be benefited by the rise of robotics. Artificial Intelligence methodologies like Siri and Cortana have already seen the light of day – this is just the beginning. More and more companies are going to take these capabilities to a new level.

As more and more military operations begin to seek advantages from the likes of mechanized drones, it won’t be long before e-commerce companies like Amazon start to deliver their products through the use of drones. The potential is endless, and so are the possibilities. In the end, it is all about using technology in the right manner to ensure the appropriate benefits are driven in the right direction.

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The Rise of Machine Learning-as-a-Service

Posted on by Idexcel Technologies

The Rise of Machine Learning-as-a-Service
Machine learning and artificial intelligence have become two of the most important words to reckon; their use has become imperative in almost all industries of today. With the introduction of machine-learning-as-a-service, data science has become a focus of the masses within a short span of time. While machine learning is a part of artificial intelligence, it is widely regarded as the process through which self-iterating algorithms are run to analyze vast spectrums of data, in the absence of around-the-clock the clock human supervision.

As machine learning takes precedence over other technologies, machine learning-as-a-service (MLaaS) has come up to meet the growing demands of data-driven industries. MLaaS is a set of services which are offered to companies so that they can access and obtain the benefits of Machine Learning without having to hire a data scientist to do the necessary footwork. As cloud technology is gaining momentum, more companies are outsourcing their data needs to be able to benefit from the advantages of MLaaS.

Why is Machine Learning so Important?
As discussed above, Machine Learning is all about running algorithms to achieve desired data-driven conclusions. Such models, which are equipped with the knowledge of machine learning, are adept at forecasting trends, creating real-time analyses, and performing accurate predictions based on user data. Given its adaptive nature, machine learning can grow from past mistakes and outcomes, which ordinarily help drive future positive results.

No matter the realm, machine learning can do it all. From fraud detection, to price optimization, to crime prevention, there is no end to the capabilities of this advanced technology. For companies looking at optimizing their day to day services, MLaaS is the best data optimization solution. MLaaS is offered as a Cloud-based service and consists of automatic learning tools, which learn as they go. These options can be used in the Cloud, or even in a more hybrid fashion, as per the need of the hour.

The Current Situation of MLaaS Implementation
If you think that MLaaS options are new entrants in the market, you cannot be further from the truth. The technology is not new; Microsoft, Amazon, Google Cloud and IBM have already been providing customized services to their customers. These tech conglomerates offer an excellent platform to their customers; wherein organizations can then create their personalized machine learning algorithms without having to get into the know-how of the technology.

While a majority of big, financially sound companies are making the most use of these platforms, the trend certainly seems to be changing rapidly. With the entry of new MLaaS companies, even small and medium-sized companies are raking the benefits from machine learning services. Since qualified data scientists are scarce, more companies are beginning to traverse on this path to make their data ends meet.

Benefits of MLaaS for Companies and Organizations
Just like SaaS (Software as a Service), MLaaS is hosted by a vendor, which means outsourcing is going to help you reduce your expenses drastically. Since many organizations do not have the infrastructure or the funds to host their own data storage servers, they seek the help of MLaaS vendors to do their bidding. Storing vast amounts of data can be a costly affair especially for small and medium-sized businesses (SMBs). What can be better than bringing in vendor managed platforms for data management, and letting them do all the data-driven algorithms? For this very reason, many MLaaS companies offer scalable technology, which can help SMBs pick and choose as per their requirements.

With so much riding high on this technology, there is a lot of scope for machine learning to progress within the near future. The capacity for expansion is limitless, which means companies are becoming more competitive in the market. MLaaS helps small and medium-sized business improve their technology, enhance their services, and lower their overall operational costs.

As the list of benefits increases so does the need for these platforms in everyday functioning within these companies. As more businesses begin to seek the services of machine learning, there is an inherent scope of expansion, as companies start to look for greater benefits from their machine learning partners.

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How Your Small Business can Benefit from Machine Learning

Posted on by Idexcel Technologies

How Your Small Business can Benefit from Machine Learning

The practice of Machine Learning (ML) is no longer an exotic concept for businesses. No matter if you have a small business or a Fortune 500 enterprise; the chances are that you can benefit from the nuances of AWS Machine Learning. While prominent organizations have different ways of using Machine Learning than their smaller siblings, there is a multitude of ways in which even small businesses can benefit from Machine Learning techniques.

What Exactly is Machine Learning?

Machine Learning is a type of artificial intelligence which uses programs, algorithms, and data to drive learning and automation. Under normal circumstances, it’s something you most likely already encounter on a day to day basis. For example, if you are using software like Amazon’s Alexa, Microsoft’s Cortana, Google’s Assistant, or Apple’s Siri, then you have already had a taste of the power of Machine Learning.

On the other hand, Machine Learning and Artificial Intelligence can be used in businesses as well; it isn’t just for asking about the latest weather conditions. For instance, many websites are making use of chatbots to assist customers. Businesses, irrespective of their size, are using the likes of Machine Learning to help customers while driving efficiency and monitoring social media accounts.

How can AWS Machine Learning Help Business?

Amazon has established themselves as a leader in customer service and operations. Such execution can be found with the Amazon Web Services (AWS) Machine Learning tool. These data learning devices are aimed at catering to data scientists, researchers, developers and even small businesses who are enthusiastic to use Machine Learning to their advantage.

The extent of Machine Learning advantages is not limited to just the essentials. Solutions such as Amazon Comprehend and AWS DeepLens are some of the top-notch services being provided by Amazon these days. Through these services, developers can inherit the ability to use neural networks to gain insight with regards to computer vision projects.

Developers can also train chatbots, which can cater to a customer’s specific incoming request. Machine Learning and Artificial Intelligence can even be utilized to organize a website’s content, as various defined logical algorithms come into play. A small business can also coordinate their website’s inventory using artificial intelligence.

If you are running a small business, and feel as though you don’t wish to dapple in artificial intelligence alone, then you can count on the consulting services of companies such as Idexcel. Experienced teams are always available to help businesses of any scales accomplish their goals and increase their cloud repertoire.

How does AWS Machine work with Small Businesses?

Small businesses often need to use predictive models to enhance their revenue and sales models. One of the ways to improve these models is through the use of machine learning. Entrepreneurs, who are running small businesses, often don’t have sufficient time or the resources to sift through massive data and derive intelligent decisions out of it; this is where machines learning techniques come to the rescue.

Such business owners can benefit immensely from the use of AWS Cloud-based services and AWS Machine Learning. The vast amount of data which is collected can be sorted, sifted, and analyzed to deliver helpful business-related insight efficiently.

Through the use of machine learning, small businesses can save on operating costs, while at the same time make sound decisions, and earn better profits than before. However, it is import to know that small businesses cater to customers at different stages. For this reason, it’s imperative to understand how customer behavior can change from time to time. Through predictive analytics and machine learning, such tactics can become a breeze.

No matter what the type of business you have, machine learning can come to your aid at any given point in time. From data collection to data storage and insights you can have it all; it not only helps enhance your business’s image through the use of chatbots but also helps you manage your inventory efficiently. Such is the power Machine Learning gives to its users.

For every small business owner out there, there is a unique benefit that you will get with the use of AWS Machine Learning techniques. It all depends on how you use the services to meet your company’s needs and wants at the end of the day.

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