Machine learning (ML), a branch of artificial intelligence (AI), was sometimes referred to as “cognitive computing” in the past, and certain academic circles still today. Machine learning applications have been used for decades to automate complex human tasks that require analytic thinking, but recently the technology has expanded to encompass more business functions.
Advanced ML algorithms have automated the game of chess, speech recognition, and some military activities. In the recent years, this forward-thinking science has invaded the mainstream industry sectors such as health care, banking, education, and marketing. Machine learning can help organizations identify which activities are most important for them to focus on, while allowing the machine to handle the rest.