Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: 5 Ways Machine Learning is Changing the Way Businesses Operate
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Machine Learning > 5 Ways Machine Learning is Changing the Way Businesses Operate
Machine Learning

5 Ways Machine Learning is Changing the Way Businesses Operate

Rehan Ijaz
Rehan Ijaz
5 Min Read
machine learning help life insurance companies
Shutterstock Licensed Photo - By V O R T E X | stock vector ID: 1227061075
SHARE

Although machine learning is still in its infancy, it is developing at a breathtaking pace to improve the reach of artificial intelligence.

Since this type of advanced technology is at the cutting edge of industrial innovation, many large companies invest heavily in artificial intelligence and machine learning research. These tech giants are learning how to improve these technologies and simultaneously trying to figure out various implementations for them going forward.

Already many companies are using machine learning in a variety of exciting ways. For example, they use this technology to improve communications, find new customers, and target new audiences with solutions to their stubborn problems.

More Read

writing content with machine learning
New Case Studies Show Promising Potential for Writing Content with Machine Learning
Use of Machine Learning to Make Money on Android Monetization
Machine Learning Is A Critical Element of Modern SMS Marketing
Putting Historic Business Data To Work With Machine Learning
An Important Guide To Unsupervised Machine Learning

Of course, none of these business tasks are new, but they were previously done manually. What is different now is that machine learning makes it easier to get these tasks done more quickly, efficiently, and cost-effectively.

Here are five ways machine learning is changing business operations

1. Data management is driven by machine learning.

Merging machine learning with master data management solutions is creating remarkable changes in the business world. When a master data management solution utilizes machine-learning processes, it enhances business agility, making it possible for a business to gain a competitive edge in the marketplace. In a world where data points and data sets are constantly changing, merging, and updating, an all-in-one management system thrives on the ability to adjust and adapt as needed.

2. Machine learning is enhancing conversational intelligence.

Internet users are becoming increasingly familiar with chatbots. Today, many businesses use chatbots as part of their business operations. A virtual chatbot converses with website visitors. It identifies new customers and filters their requests for more information. A chatbot can also gather helpful customer information in a follow-up conversation. It can also free up the time of customer service members by filtering out trivial questions from casual website visitors who aren’t serious about making a purchase.

3. Machine learning is improving recruiting and hiring.

Human resource professionals are often overwhelmed by the daunting task of sifting through hundreds of employment evaluation tests, cover letters, and resumes every single day when their company is hiring for open positions. With a large company, they will need to sift through thousands, rather than hundreds, of applications. Machine learning standardizes the hiring process to make it faster to organize and analyze job applications. It?s now even possible for technology to build profiles of the most suitable candidates for an open position.

4. Machine learning is speeding up content generation.

It takes human beings a long time to research information, organize it around a theme, and communicate it. Large media organizations like the Washington Post are using machine learning and artificial intelligence for large data-gathering projects like election results. Technically, machine learning algorithms can create blog posts and press releases comprehensible to human readers, but the AI software is costly, and the content only suitable for first drafts. Human editors are necessary to delete irrelevant information and improve the sequential flow of ideas.

5. Machine Learning is offering customer relationship insights.

Companies can sift through data on consumer trends and get an overview of the comments made on user review websites. This information is useful for marketing intelligence, allowing marketers to make informed decisions about consumer interests.

The Future of Machine Learning

What impact machine learning will have on business productivity and industrial growth is not clear. Currently, most opinions about its impact on the economy are based on speculation.

It is still too early to inform business owners what to expect if they invest in this technology. More data will be necessary to offer a precise prediction of the future of machine learning. But it is reasonable to expect machine learning to advance rapidly enough to eventually have a significant impact on the evolution of business practices.

Ultimately, SMBs will find a use for machine learning and artificial intelligence and discover new ways of improving their business operations.

Share This Article
Facebook Pinterest LinkedIn
Share
ByRehan Ijaz
Follow:
Rehan is an entrepreneur, business graduate, content strategist and editor overseeing contributed content at BigdataShowcase. He is passionate about writing stuff for startups. His areas of interest include digital business strategy and strategic decision making.

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

use big data to research social media
ExclusiveMachine LearningSocial DataSocial mediaSocial Media Analytics

Social Media Influencers Find Novel Uses For Machine Learning

6 Min Read
machine learning and fintech
Fintech

How Can You Use Machine Learning to Optimize Pricing in FinTech?

6 Min Read
data and lawyers
Artificial IntelligenceBig DataCloud ComputingData ManagementExclusiveMachine Learning

Data And The Cloud: The 21st Century Lawyer

6 Min Read
machine learning and photography
Machine Learning

Image Tracking And Other Machine Learning Benefits For Photography

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?