For the uninitiated, machine
learning is a process of analysing statistical data to derive desired
predictive output without implementing explicit programming. Machine learning
typically includes artificial intelligence (AI) and cognitive computing functionalities
for a series of algorithms for understanding the relationship between datasets
to obtain a desired output. Over the past few years, AI has gained momentum in
every industry including healthcare, transportation, manufacturing, logistics,
retail, and more. These industries have started relying on AI-based
applications to improve productivity and performance.
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| Global Market Research |
Higher adoption of cloud-based
solutions, growth related to artificial intelligence and cognitive computing
market, and higher market demand for prediction solutions are driving the global machine learning market. This market
has gained utmost importance owing to the increased availability of data and
the growing demand for processing the data to obtain meaningful insights. A large amount of data is being
generated by various industries is accelerating the market for machine learning
technologies. Also, higher adoption of deep learning techniques across various
industries is also giving an impetus to the market.
Machine learning has emerged as a
lucrative investment proposition for both big and small players in the tech
industry. For a better understanding of this fledgling market, partnering with
a firm that conducts research on globalmarkets can prove to be the significant move. A global market research firm
has the adequate experience and expertise to provide the best insights and
analysis on the global market for machine learning techniques.
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