Understading the potential
Machine Learning (ML) is here. It’s here today and it’s here to stay. Already, more and more organisations are getting to grips with its huge potential and starting to reap major benefits.
The benefits of Machine Learning include higher-accuracy predictions and more actionable insights, lower costs and higher turnovers, increased flexibility and improved agility, as well as far greater convenience and efficiency.
Data-driven organisations are discovering new and improved ways to solve problems and challenges. They’re analysing data to extend their competitive edge still further and are well on their way towards digital transformation.
They’re in essence leveraging the fact that machines are far better and faster at identifying and extracting patterns in data than human beings are.Using these patterns, you’ll gain invaluable knowledge and insights that previously lay buried and unused.
Unlocking the potential
The knowledge and insights that Machine Learning unlocks can help your organisation in a wide range of situations including knowledge retention, decision making, prediction, sentiment analysis, anomaly detection and much more besides.
ML systems can learn how humans responded in similar situations in the past – invaluable if these decision makers are no longer available or have no time, or the number of similar decisions is now much greater. Moreover, the systems can analyse complex datasets with multiple variables that no human would ever be able to handle, let alone use to provide accurate recommendations (not to mention the associated time and cost).
Commonly implemented ML solutions involve personalising and refining online recommendations to boost e-commerce sales, analysing sentiment in articles, sifting through huge volumes of transactional data to detect fraud or implementing chatbots to provide first-line helpdesk support.
Once your organisation starts to see results, you’ll truly start to grasp machine learning’s full potential and want to leverage this on many other projects
The Trifork model of Agile Machine Learning:
DID YOU KNOW WE HAVE ALREADY HELPED…
… a service centre to customise and optimise its decision-making processes, increasing its customer satisfaction levels?
… a service company to predict machinery maintenance requirements, improving its bottom line?
… a manufacturing facility to check its production process and finished product quality levels, slashing its reject rate?
… a law firm to extract information from its contracts and identify changes, reducing the need for human input?
… a call centre to implement a virtual assistant to help its new staff make better decisions?
… a healthcare provider to evaluate and recommend courses of medical treatment based on past cases, improving its patients’ quality of life?