Machine Learning Statistics: Trends You Need to Know in 2024
Published on: 31 Aug 2023 | Author: Clara Gil
Machine learning is a key component of artificial intelligence and data science, which uses algorithms and statistical models to analyze and draw conclusions from patterns in data. It’s also considered one of the greatest innovations since the microchip. It started out as something out of science fiction and has slowly but surely become an important part of our daily lives. These +80 machine learning statistics will prove us right.
The goal of our research is to provide a broad understanding of what is happening in the field. We don’t cover areas like descriptive statistics, inferential statistics, or statistical analysis. We just want to help you understand the future of ML and how other companies and marketing teams are benefiting from the many uses it has.
ML has changed the way businesses operate on a daily basis. Sooner rather than later, all organizations will adopt ML one way or another. The reasons for this decision vary widely. Some are doing it simply to beat the competition, others because they understand the benefits it brings in terms of process automation, cost reduction, customer experience and accessibility.
But to achieve full adoption of ML, we need more professionals trained in the field. IT leaders’ biggest concern right now is that they can’t find the right talent within their teams or global job boards.
ML is here to stay and it’s predicted to continue to grow in the coming years. Maybe a career change to this field is just what you are looking for.
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