We are surrounded by loads of information, especially, when it comes to the analysis of the business processes. In earlier times, there were analytical departments, whose job was to scrupulously evaluate the effectiveness of every business process. However, gradually, their reports have become more automatic, giving the analytical departments an opportunity to use the target figures. Nevertheless, the data analysis was still on behalf of humans.
Nowadays, thanks to the “machine learning” service, you can entrust this work to AI, which uses large amounts of data to provide you with a careful analysis and a work plan, able to improve your business’ effectiveness.
Description of the service
What is machine learning? In short, it is an algorithm that uses large amounts of data, statistics, prognoses, and hypotheses. It may seem that this algorithm conducts common analytics (obviously, excluding the human factor), but, in fact, it is a much more complicated process. The program is in a constant process of development, creating new algorithms and converting the received data into a new experience, which changes the initial algorithmic structure in accordance with the results of analysis and the history of its work.
An ordinary person can never consider such a great number of parameters at the same time, which can be easily proved with the help of an Excel spreadsheet (which uses the formula). If you happen to change a single parameter, the whole spreadsheet will change dramatically. A human being will spend hours to find the solution, whereas AI will immediately show the answer. Machine learning, in its turn, allows us to carry out instant analysis of the ways the changed parameter influences the results, converting this information to its new experience, thus, continuing its learning.