Chapter 13: Enabling Artificial Intelligence and Machine Learning
For a long time, organizations could only dream of the competitive advantage they would get if they could accurately forecast demand for their products, personalize recommendations for their customers, and automate complex tasks.
And yet, advancements in machine learning (ML) over the past decade or so have made many of these things, and much more, a reality.
ML describes the process of training computers in a way that mimics how humans learn to perform several tasks. ML uses a variety of advanced algorithms and, in most cases, large amounts of data to develop and train an ML model. This model can then be used to examine new data and automatically draw insights from that data.
ML offers a wide range of interesting use cases that are expected to have a growing impact on many different aspects of life. For example, scientists are using ML to analyze a patient's retina scan to identify early signs of Alzheimer...