New Age Entrepreneurship – Analysing Prospects in Machine Learning to Drive Societal Change

Boon of technology has changed the human civilization for good, as constant evolution in technology being intensively tracked and leveraged by new-age entrepreneurs, it only becomes imminent that aspects such as the Internet-of-Things (IoT), artificial Intelligence (AI), Machine Learning (ML), Deep Learning and more; are utilised by entrepreneurs to develop technology-driven models to actually solve societal problems. In this regard, with futuristic technology penetration being the focal point; Entrepreneur India lists the relevance of a domain called Machine Learning for entrepreneurs in 2018 to harness and develop solutions such that societal problems are mitigated whilst driving recognition for developing unconventional solutions. "Machine Learning has the potential to help create a utopian world without any disease, crime, and poverty," states Yogesh Bhatt who is Vice President at Bengaluru-based Manipal Prolearn; a unit of Manipal Global Education Services. This is substantiated when we consider the fact that data scientists today have been working at the heart of societal issues in domains healthcare and medicine; which are undoubtedly in a definite need for disruption. Specifically, Machine Learning is now driving doctors through predictive analytics; towards aspects such as enhancing the success rates when it comes to diagnosing and treating life threatening ailments such as clinical depression and cancer. These aspects potentially provide exciting prospects for entrepreneurs, to come up with models driven by ML, as there practically (not theoretically) exists opportunity for impact to introduce positive changes in the lives of people.