Because of new computing technologies, machine learning today is not like machine learning of the past. It was born from pattern recognition and the theory that computers can learn without being programmed to perform specific tasks; researchers interested in artificial intelligence wanted to see if computers could learn from data. The iterative aspect of machine learning is important because as models are exposed to new data, they are able to independently adapt. They learn from previous computations to produce reliable, repeatable decisions and results. It’s a science that’s not new – but one that has gained fresh momentum.
n the research areas, Machine Learning is steadily moving away from abstractions and engaging more in business problem solving with support from AI and Deep Learning. In What Is the Future of Machine Learning, Forbes predicts the theoretical research in ML will gradually pave the way for business problem solving. With Big Data making its way back to mainstream business activities, now smart (ML) algorithms can simply use massive loads of both static and dynamic data to continuously learn and improve for enhanced performance.