Let Machine Learning Boost Your Business Intelligence - Smarter With Gartner

What if an insurance company had a tool that improved profitability by predicting insurance rates and premiums with greater precision and efficiency? Or if a natural gas utility company improved safety, efficiency, and customer satisfaction with a tool to predict and better respond to leaks or unaccounted-for gas? These are both examples of machine learning techniques that are gaining momentum due to the pervasiveness of data (from the Internet of Things [IoT], social media and mobile devices) and the seemingly infinite scalability of cloud-based compute power. At the same time, the understanding and sophistication of algorithms have expanded, and the ability to apply complex mathematical calculations to data, and rapidly process them, is also driving growing interest in exploiting machine learning to gain competitive advantages in business. Machine learning is a type of data analysis technology that extracts knowledge without being explicitly programmed to do so.