Machine learning is the one of the fastest growing technologies for the business of the future. Many companies are using AI-driven software to increase efficiency, improve customer relationships, and boost sales.
NLP(Natural language Processing)-
NLP is an approach make machines understand the human language. With the help of AI-driven programs which learn from past interactions and mistakes, it is possible to make machines understand regular human speech. E.g. applications like search engines and voice-activated assistants are beginning to understand regular human speech. Just as importantly, these programs improve their accuracy every day. By using AI, personal assistants can be developed which can help increase the efficiency and grow the business in several ways like includes making appointments, scheduling meetings, adding events to a calendar, booking flights and hotels, and more.
The manufacturing industry has wide applications of Machine Learning. Using AI-driven technology, businesses can save money by making production more efficient, optimizing the inventory management and predicting equipment breakdowns or detecting faults before they happen. The massive amount of data generated can be processed & stored by ML efficiently which saves a lot of time of the managers. This data can be conveniently used later for other operations.
Data Science –
Data science helps business professionals in making appropriate decisions. With the help of data science, the feedback from customers can be categorized into positive or negative feedback and based on that proper steps can be taken. Data science is also used in analytics to see the progress, growth of the company in the market.