Technology has altered every aspect of human life. Various
inventions and machines have made the human life and work easy and hassle free.
Moreover, with the advent of computers and associated programs, human beings
are able to crate certain applications and tools which make their work easier.
They are able to create certain software for performing tasks which earlier
required human skill and mind for example artificial intelligence can think and
solve problems like a normal human being but with more efficiency.
Computers have taken control over aspect of human life and are
present everywhere. They can help in performance for various tasks.
However, there is only one drawback that computer and related inventions cannot
perform well without human intervention or effort. Moreover, human knowledge
has its own limits.
Therefore, in order to eradicate this obstacle, human beings
have created machines equipped with artificial intelligence (AI) software. This
ability is known as Machine Learning (ML).
Machine Learning is the ability of a computer system to think,
learn and adapt based in their past experiences without any need for additional
programming or intervention by human beings. It acts as an Artificial
Intelligence software which provides the system an ability to analyze data and
generate results based upon the analysis. The information generated can help in
predicting future outcomes of decisions made by human beings. There are
numerous machine learning service
providers which provide customized digital solutions for various business
problems.
Applications of Machine Learning technology are limitless. Human
beings use it to perform various tasks and have taken over various sectors like
healthcare, retail and manufacturing. There are numerous fields which have been
completely revolutionized due to adoption of machine learning technology which
are listed below:
1. Finance:
Machine learning can be used for altering financial sector by
leaps and bounds. It can be used for financial consultation where a user can
make use of automated generated statistical data to create investment
portfolio. Moreover, banks and other financial institutions can use the
artificial software and machine learning software to predict future trends in
the market and identify any fraudulent identities created by users for their
benefit etc. Therefore, Machine Learningis reshaping the entire financial
economy.
2. Healthcare:
Machine learning technology and equipments working on this
principle prove to be useful for the healthcare sector. It can help in Quick
detection of disease. Doctors and surgeons can use various devices working in
ML mechanism in order to identify root cause of a disease and even predict
future outcome of a particular surgery. Moreover, doctors can use this
technology to analyze years of patients data in order to find out the anomaly
ailing or can ail a normal functioning body in the future.
3. Telecom:
Telecom is another sector which has been completely
revolutionized by Machine learning technology. Invention of chatbots and AI
powered automatic messaging applications can help in providing quick responses
to customer queries and problems. Moreover, this software can save
conversations and use the same in order to learn and adapt from their past
experience.
Machine learning companies in Indiaare providing such solution which are based on
the concept of machine learning. It can surely change the world if adopted
judiciously.
