Machine Learning - a key to Digital Transformation

PayPal fights fraud with machine learning consuming more than 1.1 petabytes of data for 169 million customer accounts at any given moment. Airbnb uses Aerosolve Machine Learning package to help owners set a price for rental based on features of home, time of year, demand etc. Amazon's recommendation engine is one example where machine learning drives a lot of economic value Microsoft Azure Machine Learning, Google Prediction APIs, Amazon ML and IBM Watson Developer Services come with ready made algorithms that allow businesses to extract patterns from data, predict trends, identify language translations, understand social media sentiments, just to name a few. Apple Siri, Google Now, and Microsoft Cortana-like digital personal assistants are making use of Machine Learning for speech recognition to become smarter & creative therefore knowing more about you and your needs. By connecting the sensors and systems in each of their elevators to the cloud, ThyssenKrupp, a Garman Elevator Manufacturer, has been able to move beyond preventative maintenance to offer predictive and preemptive services, a service that has not been possible before in the elevator industry. Today after 56 years even the Barbie doll is going to become interactive and internet connected, that can talk to children and respond to their questions.