What Is Machine Learning As A Service (MLaaS)?

The development of a product into full-fledged service/s on cloud has seen the rise of new services such as Platform as a service (PaaS), Infrastructure as a service (IaaS) and Software as a service (SaaS). Their growth as a market has led to a battle in the cloud space market. Joining these cloud-based services and slowly opening up another competition is Machine Learning as a service (MLaaS). The growing trend of shifting data storage to cloud, maintaining it and deriving the best insights from it has found an ally in MLaaS which provides these solutions at a reduced cost. Machine learning as a service (MLaaS) is an array of services that provide machine learning tools as part of cloud computing services.