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How AI and Machine Learning are Helping Companies Predict the Future

Friday, February 14, 2020   (0 Comments)
Posted by: Abbey Kwiat
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Reid Lappin, Founder & CEO, Vokal

 

You’re probably in one of three boats when it comes to AI and Machine Learning:

  1. It’s not going to be a thing until 10 years from now. It’s overhyped.
  2. It’s making a large impact right now.
  3. I honestly don’t even understand what AI is. And what does Machine Learning have to do with anything?

At the moment, I’m in between #1 and #2. Right now, as we speak, AI and Machine Learning have the potential to make the biggest impact on businesses, and I’ve seen first hand how this is impacting companies of all sizes. Even if you have a company of 10 people, this technology can help accelerate your decision-making process.

What is clear, however, is that the companies preparing their applications to utilize AI and Machine Learning will exceed the rest.

But, first, I think it’s important to simply explain the difference between Machine Learning and AI.

Machine Learning is based on creating computer algorithms that allow computer programs to automatically improve through experience.

A steam engine doesn’t replace one horse, it gives you 1,000 horses. The same applies for Machine Learning. Machine Learning allows us to perform tasks and automate things we couldn’t before. Machine Learning doesn’t replace one person, it gives you the capability to do what you would have only been able to do if you had 1,000 people.

Artificial Intelligence (AI) is the science and engineering of making computers behave in ways that, until recently, we thought required human intelligence.

 

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