How Machine Learning Slashes Quality Control Costs in Manufacturing

Machine learning (ML) and artificial intelligence (AI) continue to capture media attention and business investments. IDC estimates machine learning and AI spending to increase from $19.1 billion in 2018 to $52.2 billion by 2021. With billions of dollars invested in machine learning and AI, it's no surprise that tech giants Google, Microsoft and Amazon are investing billions in cloud infrastructure and development tools to accelerate the delivery of custom machine learning applications. Case in point, machine learning was the third-highest category for the number of patents granted between 2013 and 2017. So, what exactly is machine learning?