Businesses continue transforming their operations to increase productivity and deliver memorable consumer experiences. This digital transition accelerates timeframes for interactions, transactions, and decisions. Additionally, it generates reams of data with brand-new insights into operations, clients, and competition. Machine learning helps companies in harnessing this data to gain a competitive advantage. ML (Machine Learning) models can detect patterns in massive amounts of data, allowing them to make faster, more accurate decisions on a larger scale than humans could. This enables humans and applications to take quick and intelligent action.
As more businesses experiment with data, they realize that developing a machine learning (ML) model is only one of many steps in the ML lifecycle.