Machine Learning In Laymen's Terms

Machine Learning is the latest buzzword floating around. It deserves this popularity bacause it is one of the most interesting and most wanted sub-domains of Computer Science. By definition, Machine learning is considered a subset of Artificial Intelligence, which provides machines with the ability to learn without being explicitly programmed. Industry experts are predicting that the combination of Machine learning and hence AI and Internet of Things (IoT) will be the new technological era setter and the businesses, startups, governments etc. will invest huge numbers in the same. Let's understand Machine Learning in Laymen's terms.