Question

Nowadays, businesses have been trying to incorporate machine learning into their existing business intelligence systems and practice. What are some of the most popular machine learning algorithms? How can machine learning improve Business Intelligence? How has machine learning been applied in practice?

Answer 1

Corporations have begun to understand the tremendous value machine learning can add to their business.Ever since cloud computing erupted onto the scene , companies have got the desired infrastructure to process huge chunks of data and to gather learnings from it.There are many algorithm which are used to analyse the data.

One of the most popular machine learning algorithm is the supervised machine learning algorithm in which the system looks for pattern with in the labeled data set and is able to make predictions.Unsupervised machine learning algorithm is a kind of learning algorithm in which huge chunks of random data is feed into the system , post which it clusters the data points on basis of attributes and is finally able to make sense out of it.

To lucidly state , business intelligence deals with finding optimal solutions for the company which might be better revenue , employee satisfaction etc.BI professionals , who typically are the domain expert are responsible for making such decisions.But with evolution of machine learning , system's are now able to make use massive knowledge base and make sense out data using ML Algorithms and help analysts with better decision making.

There are many instances where machine learning has been applied efficiently to practice.Autonomous vehicles harness the power of machine learning for driving and navigation.Lot of corporations are applying ML algorithm to distinguish between a real customer feedback and a fake one. Companies also employ ML techniques to identify spam mails in inbox.

It is fair to say that machine learning has truly transformed industries and still has a lot to offer.