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It’s something we use dozens of times throughout our day, and yet we may not even recognize it. Machine learning is a branch of artificial intelligence that is beginning to bring major changes to how we live and do business today — and we’ve only just begun to tap its true potential.
Machine Learning Explained
The term refers to the practice of feeding a computer algorithm a huge amount of data and allowing it to identify patterns within the information without being programmed by humans to do so — and then making a prediction about the world around it. There are a number of methods which can be used to enable these algorithms to learn and, in turn, use predictive modeling to improve over time.
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Stanford University defines this brand of artificial intelligence as “the science of getting computers to act without being explicitly programmed.” Nidhi Chappell, head of AI at Intel, recently explained in WIRED: “The way I think of it is: AI is the science and machine learning is the algorithms that make the machines smarter. So the enabler for AI is machine learning.”
What is it Used for Today?
The goal of AI is to mimic human behavior. In its latest TechRadar report on AI, Forrester says AI differs from traditional technologies “in its ability to sense, think and act while constantly learning.”
One application is self-driving cars. By using cameras, cars can “sense” the world around them. Powerful processors allow them to “think” about what they should do, and automated control systems let driverless cars “act” — all without human intervention. Smartphone digital assistants are another example. They hear our voice (sense); parse what we mean (think); and carry out the task requested (act) without the user having to touch the screen.
Financial services providers are using machine learning to spot trends in data as well as automatically detect fraud. The medical world is using it to identify potential health risks and even suggest treatments. Governments are applying it to the vast troves of data they typically collect to find cost savings and efficiencies.
What’s Next?
Take, for example, a manufacturing line. By employing a deep neural net and training it to maximize output, this technology can have a huge impact on the bottom line of a business. Organizations can use information generated from the neural net to identify inefficiencies within legacy machines and implement preventative maintenance.
Beyond the manufacturing floor, a U.S. beer company is using basic deep learning systems to create more drinkable beer, and the system can be applied to all types of food and drink. The NBA’s Golden State Warriors and the Cleveland Cavaliers both use a deep learning system to analyze player performance.
Businesses will also be able to combine other artificial intelligence technologies with machine learning to give them unparalleled insight and offer new services. For example, technologies such as iris scanning in combination with predictive modeling can provide automated and secure access to hotel rooms or conferences.
We’re still writing the first chapter of the artificial intelligence revolution, and because new technologies are still evolving, they’re in need of constant human oversight. However, these technologies will come to dominate the 21st century, and will become so pervasive that all companies — no matter their size or industry — need to embrace them or risk being left behind.
Trends that are contributing to the rise of the digital workforce include augmented reality and the Internet of Things.
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Machine Learning: Reality, Fiction And The Future Of Marketing
An immense amount of data is currently generated through different sources, known as big data. Due to its volume and complexity, Data Science is used, for its interpretation, through algorithms and scientific methods.
Companies can leverage this information to optimize their behavior-based digital marketing strategies.
Machine learning is a discipline that creates automated learning systems from data analysis.
The impact of machine learning on digital marketing
In such a competitive market, intuition and subjectivity have no place. With big data and machine learning, brands create scientifically based strategies to attract and retain customers.
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Personalized recommendations
With machine learning, it is possible to provide relevant recommendations for each user.
This is what streaming platforms like Netflix do when suggesting series or movies according to the history and profile of their subscribers.
Content creation
Customize customer experience
In content marketing, AI and machine learning can determine what information will be most relevant to each visit to a website and show it to you.
With machine learning, brands gain a better understanding of the public and can anticipate their wishes, even before the customer identifies a need.
Now is a great time to work in the marketing department, as in the modern information world, marketing is becoming increasingly important in most organizations.
But it also means that the life of the marketer has become more complicated, despite all the tools at his disposal.
Marketing specialists have to solve many problems: how to get ahead in the conditions of fierce competition; how to increase customer loyalty; reorientation of business from product to client; the saturation of social networks, where everyone is now a content provider; how to better understand the buyer; how to justify the return on investment within the company; how to keep up with technology, etc.
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Can marketers do anything else to solve these problems?
Yes, and the solution to some problems will tell machine learning, it’s time to seriously think about it! As we move from a hypothesized world to a data-based world, we realize that theories are no longer needed.
Practical decisions need to be based on data. I do not mean reading and digesting hundreds of reports myself. I mean the data, the analysis of which you will receive guidance on specific actions, and this can only be achieved through machine learning.
If companies rely on the creation of self-driving cars using machine learning, then I am sure that ML can help you in solving some problems.
Many people consider the involvement of machine learning in marketing one of the most important innovative opportunities for marketers, because now there is more data than ever, and a person can not process and analyze it without using these technologies.
Of course, machine learning cannot solve all your problems, but it will provide you with logical ways to solve many marketing issues.
So why is everyone talking about machine learning now?
Machine learning is a separate branch of artificial intelligence (AI). In simple terms, this technology is used in the development of computer programs with the ability to independently develop and improve when introducing new data.
ML is a kind of intelligent assistant that addresses areas such as artificial intelligence, statistics, data mining, and optimization.
In reality, machine learning technology has been around for decades, but two trends have contributed significantly to its phenomenal growth:
Large amounts of data. More data. the more useful and relevant machine learning becomes.
Availability.
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How can machine learning be useful to a marketer?
Anticipating customer needs is far from a new phenomenon. Qualitatively new is the ability to automatically respond to these needs in real-time and in full scale through machine learning. The most common examples of using ML in marketing are:
Search and forecasting of the most and least valuable customers in terms of their “life cycle”;
Creating images based on client clusters and creating appropriate content and services for them;
The recommendation of new products and content with the greatest prospects of purchase;
Testing the many possible routes that consumers can follow after using the content;
Optimization of customer interest through personalization of content;
Preliminary assessment of potential customers.
Conclusion
As we already know what is big data and how to apply it to your online business, Webchefz had a successful experience in implementing this technology in a marketing platform to build recommended audience segments.
You need to understand that ML is something that will very soon become the standard for automation systems of any client business.
Gurbaj SinghGurbaj Singh is a fun-loving guy and keeps a vision to explore the common things “Uncommonly”. The man is fond of cars, technology and not to miss, Whiskey. His professional career is as interesting as him where he applies his SEO dexterities every day, thus, challenging the Google algorithms.
Deep Learning Vs. Machine Learning: The Ultimate Guide For 2023
blog / Artificial Intelligence and Machine Learning Deep Learning vs. Machine Learning: The Ultimate Guide for 2023
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Always wondered how Amazon provides the best recommendations based on your previous purchases, or how Siri finds any information you are looking for in a matter of seconds? From self-driving cars to voice assistants, deep learning has made it all possible. Artificial neural networks and deep learning are changing how we function, inside and outside our homes. But first, let us find out the differences between deep learning vs machine learning.
How Does Deep Learning Work?Deep learning is a subset of machine learning. Machine learning in turn is a subset of artificial intelligence.
Continuous data analysis and bucketing help companies visualize information better. Deep learning algorithms draw intelligent conclusions by analyzing data using a logical approach. This is similar to how humans would analyze and visualize data but at a considerably faster rate and with a lower error rate.
A multi-layered algorithm helps achieve logical structuring in deep learning. Moreover, such neural networks are the backbone of deep learning. Natural language processing (NLP), audio and speech recognition software, image recognition tools, and facial recognition too are all examples of deep learning.
How Does Machine Learning Work?Machine learning algorithms are not new. Humans have been trying to program machines to think better and in a more logical way for decades now. However, the ability to apply complex algorithms to big data applications in a cost and time-efficient manner is a recent development. Also, companies that have harnessed this technology with skill and sophistication are already leading the race!
Machine learning experts have been focusing on helping computers learn and improve constantly based on previous experiences. Machine learning algorithms dig deep into data, identify patterns, and offer interesting insights, and trends; all with minimal human intervention. Also, the core requirement to automate computers using machine learning algorithms would be to ensure data-defined patterns, a defined set of rules, and clear objectives. Moreover, thousands of companies around the world have been able to successfully transform manual tasks like bookkeeping, or logging service requests into completely automated processes using machine learning.
Key Differences: Deep learning vs machine learningDeep Learning Machine Learning
Deep learning is a subset of machine learning. Additionally, machine learning has evolved to create deep learning.
Machine learning is a subset of artificial intelligence and a superset of deep learning. Artificial intelligence has evolved to create machine learning.
Neural networks are used in deep learning for data representation. Also, big data is prevalent here and consists of millions of data points.
Structured data is used in machine learning to build algorithms. Also, machine learning has thousands of data points.
The output can range from numbers to free-form elements like text or sound.
Output is always numerical values only
Neural networks are used in deep learning to pass data through various layers for processing. Also, this is done to interpret better and find trends.
Model functions are built using automated algorithms. Also, this helps the machine predict better using available data.
Deep learning solves complex machine learning issues and helps experts dive deeper. Moreover, this helps efficiently predict with minimum human involvement.
Machine learning is used to learn new things, identify trends, and stay ahead of the competition. Also, there is much more human intervention needed.
Types of Machine LearningMachine learning can be of four types namely supervised, semi-supervised, unsupervised, and reinforcement.
Supervised
As the name suggests, supervised learning is where the machine is taught by example.
Semi-supervised –
In this type of machine learning, using a healthy mix of labeled and unlabelled data, machines are taught to label unlabelled data and make information more comprehensible.
Unsupervised –
Machine learning algorithms are used primarily to identify patterns.
Reinforcement –
A set of actions, parameters, and end values are provided to machines.
Learn more about the four types of machine learning here.
Types of Deep LearningA Deep Neural Network (DNN) is an Artificial Neural Network (ANN) with multiple layers between input and output. Moreover, the success of DNNs has led to lower error rates in speech and image recognition over the last decade.
There are three primary neural network types in deep learning:
1. Multi-Layer Perceptrons (MLP)One of the most popular and basic feedforward artificial neural networks is MLP. It comprises a series of fully connected layers. Also, modern deep learning architectures use MLP to overcome the need for high computing power. Every new layer in an MLP is a set of non-linear functions. The weighted sum of all the fully connected outputs makes the next layer and so on.
2. Convolutional Neural Networks (CNN)Unlike MLPs, CNNs are most commonly used in computer vision. Each layer is a set of non-linear functions but the weighted sums do not create the next layer. Instead, the weighted sums of different coordinates of output subsets that are spatially nearby from the previous layer lead to the next layer. Also, this allows the weights to be reused. Therefore, when a series of images or videos are shared, CNN learns to extract features from the input and classifies the output after due image recognition and object classification.
3. Recurrent Neural Networks (RNN)This type of artificial neural network also uses sequential data feeding. However, RNN resolves the time-series issue of sequential input data. In the method, input includes previous samples. However, the connections between multiple nodes form a directed graph along a temporal sequence, unlike CNN or MLP. NLP is the most popular use case. Additionally, its superiority in processing data with varying input lengths makes it ideal for NLP. In such cases, artificial intelligence comprehends the input using modeling, embedding, or translation.
How to Improve Your Deep Learning vs Machine Learning SkillsBy Manasa Ramakrishnan
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Why Machine Learning Is Key To The Search Marketing Of Tomorrow
Advertising has changed a lot over the years.
There was a time when machine learning, automation, and software-based marketing tech stacks weren’t a “thing.”
But now we’re past the days of just radio, outdoor, print, and a handful of channels on TV.
There are hundreds of channels across physical and print media and online at present, including social, mobile, and video. Even TV has diversified into hundreds of cable channels on your remote control. And yet, digital ad revenue has gone on to surpass that of TV.
The dominance of digital is nothing new. Paid search marketing is becoming more data-focused than ever before.
So, What Do You Do with Big Data?Why?
Is it because machine learning, automation, and software will completely replace savvy digital professionals and their creative ideas?
No. Far from it.
I believe that the future of digital will be a combination of smart marketers – like yourself – empowered by smart automation based on machine learning. As it happens, in a survey we recently ran on the subject, 97 percent of top digital marketing influencers (including speakers from AWeber, Oracle, and VentureBeat) agreed.
What Is Machine Learning & Why Is It Important? Digital’s Data Problem in Three PartsData is a challenge in modern marketing. There’s significantly more of it than there used to be, and as marketing technology matures, it becomes capable of collecting even more on top of that.
1. OverloadData overload is a known problem. There’s too much of it – an overwhelming abundance of it already.
Yet Oracle points out that digital data growth is expected to increase globally by 4,300 percent by 2023. This problem isn’t going away anytime soon.
2. OwnershipVeritas reports that 52 percent of all business data is “dark” (of dubious or completely unknown value), and projects that mismanaged data will cost businesses $3.3 trillion by 2023.
3. IntegrationThere’s also a problem with siloing. Most businesses collect data in different buckets that aren’t necessarily integrated directly with each other, or indeed, with their own in-house marketing tech stack.
Accenture reports that while three-quarters of all digital skills gaps (the gap between a team member’s current level knowledge and the level of knowledge they need to successfully use new tech and tactics) come from lack of ownership, the remaining 25 percent of digital skills gaps come from a lack of integration.
And Then There’s the Changing Customer JourneyAdvertising isn’t limited to a handful of channels. There are literally thousands of ways to reach customers, and pretty much all of them can be easily tuned out by an audience of increasingly demanding and disaffected customers who expect to have exactly what they’re looking for delivered to them instantly (and who will react poorly when it isn’t).
Research firm McKinsey breaks down the all-important consideration stage of the buying journey into four parts: “initial consideration; active evaluation, or the process of researching potential purchases; closure, when consumers buy brands; and postpurchase, when consumers experience them.”
The firm also finds that two-thirds of the touchpoints in the crucial evaluation stage are customer-driven, including browsing online reviews or soliciting word-of-mouth recommendations.
How Does Machine Learning Solve These Problems?Machine learning can be used to rein in the challenge of data, particularly when combined with disciplines such as probability-based Bayesian statistics, regression modeling, and data science. One of its greatest strengths here is the ability to take data-driven insights and build predictive models.
These predictive models can, in turn, be used to proactively address points of peak buying interest, attrition, or other key moments observed in the customer buying journey.
Examples of Machine Learning in ActionLet’s look at some examples of the way this technology is being used.
Chatbots & Voice AssistantsYou may have noticed an increase in the use of conversational interfaces from major publishers such as Google, Amazon, Microsoft, Apple and Facebook in the form of chatbots and voice assistants (Alexa, Google Assistant, Siri and Cortana among others).
TOPBOTS notes that chatbots can have uses in unique, consumer-based contexts, such as event ticketing, health-related questions and the ever-important sports scores. These interfaces create a relevant and engaging user experience by supplying conversational responses based on historically-collected data – the most commonly-used or highly-searched terms.
Predicting & Preventing Customer ChurnA significantly deeper-funnel strategy at the post-purchase stage is to use machine learning to forecast common points of customer attrition.
Microsoft Azure and Urban Airship have both built predictive analytics models to determine the approximate timeframes and buying stages at which customers tend to most frequently churn. By projecting these important points in the future, these businesses are then able to proactively address common complaints before customers churn, driving higher retention and ultimately strengthening their businesses.
Natural Language Processing (NLP) and Semantic Distance Modeling TakeawaysMachine learning isn’t necessarily a threat to marketers. On the contrary, it’s a powerful ally that’s making marketers’ lives easier while empowering them to predictively engage their customers in a highly relevant way.
Now, more than ever, it’s important to deliver the right message to the right customer at the right time – and with the power of machine learning, marketers are able to more accurately accomplish this goal by relying on actual data, rather than guesswork.
Top 5 Machine Learning Solutions In 2023
The worldwide ML market totalled $1.4 billion of 2023, as indicated by BCC Research. It is assessed to top $8.8 billion by 2023, a stunning compound annual growth rate (CAGR) of 43.6%. The ML industry is evolving quickly. ML-based startups are always hopping into space. Established sellers are presenting an assortment of offers that use ML in some structure. Dealing with the decisions and choices can be confounding. Let’s see some of the best solution providers in the ML space, in light of the features they offer, analyst opinions, client feedback and independent research.
AlteryxAlteryx offers incorporation with various significant accomplices, including Tableau, AWS, Teradata, Microsoft, DataRobot, Salesforce, Oracle, Cloudera and Qlik. ML functions highlight parallel model analysis with predictive analytics, alongside the ability to computerize work processes and different procedures.
AWS SageMakerAmazon SageMaker supports Jupyter notebook, which are open source web applications that aid engineers share live code. For SageMaker clients, these notebooks incorporate drivers, packages and libraries for normal deep learning platforms and systems. A developer can come up with a pre-constructed notebook, which AWS supplies for an assortment of applications and use cases, at that point alter it as per the data set and schema the engineer needs to train. Developers can likewise utilize custom-built algorithms written in one of the upheld ML structures or any code that has been bundled as a Docker container image. SageMaker can pull information from Amazon Simple Storage Service (S3), and there is no practical farthest point to the size of the data set.
Google Machine Learning EngineGoogle Cloud Machine Learning (ML) Engine is a managed service that empowers data scientists and developers to construct and convey better ML models to creation. Cloud ML Engine gives training and prediction services, which can be utilized together or separately. Cloud ML Engine is a demonstrated service utilized by organisations to tackle issues running from identifying mists in satellite pictures, guaranteeing food security, and reacting multiple times quicker to client messages. ML includes training a PC model to discover patterns in information. The more great information that you train a very much planned model with, the more smart your solution will be. You can come up with your models with different ML systems, including scikit-learn, XGBoost, Keras, and TensorFlow, a best in class deep learning structure that powers many Google products, from Google Photos to Google Cloud Speech. Cloud ML Engine empowers you to naturally plan and assess model architecture to accomplish an intelligent solution quicker and without specialists. Cloud ML Engine scales to use every one of your data. It can prepare any model at a large scale on a managed cluster.
IBM Watson StudioWatson Studio democratizes ML and deep learning on how to quicken infusion of AI in your business to drive development. Watson Studio gives a suite of tools and a cooperative environment for data scientists, developers and area specialists. Watson Studio gives you the environment and tools to take care of your business issues by cooperatively working with information. You can pick the tools you have to investigate and visualize data, to wash down and shape data, to ingest streaming information, or to make, train, and deploy machine learning models. IBM Watson Studio is intended to oblige an assortment of independent platforms and different kinds of power users. This incorporates data engineers, application developers and data scientists. The outcome is solid cooperation capacities. Among its best highlights: a robust engineering, solid algorithms and a ground-breaking capacity to execute ML.
Microsoft Azure Machine Learning StudioAzure Machine Learning Studio has risen as a main solution in the managed cloud space. It conveys a visual tool that guides engineers, data scientists and non-data scientists in planning ML pipelines and solutions that address a wide range of tasks. Microsoft Azure offers a program based, visual simplified writing environment that requires no coding. Gartner positions Microsoft a “Visionary” in its MQ. The solution offers a high state of adaptability, extensibility and transparency.
Why Is Machine Learning Important?
Machine learning can be considered a component of artificial intelligence and involves training the machine to be more intelligent in its operations. AI technology focuses on incorporating human intelligence while machine learning is focused on making the machines learn faster. So we can say that machine learning engineers can provide faster and better optimizations to AI solutions.
AI technology has had a massive impact on society and has transformed almost every industrial sector from planning to production. Thus machine learning engineers and experts are also of great value to this growing industry.
Why is Machine Learning So Useful?Machine learning is comparatively new but it has existed for many years. Recently gaining a lot of attention, it is essential for many significant technological improvements.
When it comes to business operations, you can access a lot of data with the help of machine learning algorithms. Machine learning also offers more affordable data storage options that have made big data sets possible and accessible for organizations. It has also helped maximize the processing power of computers to be able to perform calculations and operations faster.
Wherever you find AI technology, you will find machine learning experts working to improve the efficiency and results of the AI technologies and machines involved.
Where can Machine Learning be Applied?Machine learning has a lot of applications in a variety of tasks and operations. It plays a central role in the collection, analysis, and processing the large sets of data. It is not just restricted to the businesses and organizations, you have already interacted with them. However, you might not be aware of the fact that you have already been using machine learning technology. Here are a few examples you can relate to as part of our daily lives.
Machine learning solutions are being incorporated into the medical sciences for better detection and diagnosis of diseases. Here is the interesting part. Machine learning can even be used to keep a check on the emotional states with the help of a smartphone.
This technology is also widely used by manufacturers to minimize losses during operations and maximize production while reducing the cost of maintenances through timely predictions.
The banking industry is also utilizing machine learning to identify any fraudulent practices or transactions to avoid losses. Machine learning can also be used to give significant insights into financial data. This in turn results in better investments and better trades.
When it comes to transportation, the self-driving cars of Google or Tesla are powered by Lachine learning. Thus it can be extremely beneficial for autonomous driving and better interpretations.
What do Machine Learning Engineers do?Why Pursue a Career in Machine Learning?
There are many reasons to pursue a career in machine learning. It is not only getting [popular and high in demand, but also an interesting discipline where you can be innovative once you have acquired the necessary skills.
Wrapping Up
The aforementioned discussion describes the significant role of the growing machine learning and AI technology in the industrial and business sector and why you should consider pursuing a career in it.
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