This is true not just for a game but also for programs which perform classification and prediction. Classification is the process of assigning items in a data set to classes or categories. Prediction which is also known as regression is the process where a computer predicts the value of variable based on past values.
People feel amazed at the pace machine learning has rose up in the recent years however, there is big reason behind the sudden rise of machine learning. Machine learning is not something new, however, the only reason which gives machine learning a boost is the presence of huge amount of data now a days which was not present earlier.
The major factors which have contributed to the resurgence of machine learning are:
- Data mining
- Bayesian analysis
- Inexpensive storage
- Machine learning will bring innovation in accounting thereby reducing the repetitive task done by the accounting professionals which will enable them to focus on more important aspects that affect a business.
- Machines can be taught to predict the future revenue of the company.
- We already have seen the potential of data visualization in business. The next step in data visualization is perhaps Automated data visualization which the companies would be foraying into by trying to choose right widget for displaying machine learning results in visualization softwares.
- Companies are often left thinking the reason an employee quit a job while other continued to work for the organization. These questions can be answered with the help of variables like tenure, wage, time in current role etc which can be put into algorithms which would then be able to find outcomes that would otherwise be very difficult.