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Implementation and Uses of machine learning in businesses

Machine learning can be defined as the branch of artificial intelligence which finds out new ways to improve the performance of the computers based on experience. Machine learning course in Mumbai can give you a clear idea about the subject. There are three stages of their development and business application, namely, predictive, descriptive and prescriptive.
Following are the different stages.
1. The descriptive stage
This stage refers to the analysis and recording of historical data which can be used for increased organizational intelligence. Descriptive information is provided to the managers along with a detailed understanding of the consequences and results of the previous decisions and actions. This particular process is at present routine for the large businesses which are present around the world. An example is reviewing the records of sales and matching the promotional efforts to understand about the ROI and impact. Opting for the machine learning training in Mumbai can clear all doubts.
2. Predictive
Gathering the data and utilizing it to predict a specific kind of outcome stands for increased reactivity. It helps in making the decisions faster and with a lot more accuracy. A predicting churn can help in allowing the prevention. This particular stage of application is currently being embraced by a lot of businesses.
3. Prescriptive
The most advanced and the third stage of machine learning is already being adopted by the various existing businesses and is also being pushed forward with the help of newly found endeavors. Predicting an outcome or behavior, when aiming for efficient and effective business practice is not enough. It is important to understand the motive, cause and the context which is a prerequisite to decision making. This stage is possible when the machines and human combines the effort. To gain experience opting for machine learning course in Mumbai can be useful.
This type of learning is possible when the human and machines combine efforts. Machine learning can be used for meaningful relations and to predict outcomes when the data experts serve as translators making sense of the reason why the relation exists. It therefore becomes possible to prescribe the actions with a much greater precision.
Problems which machine learning can solve
There are many sections in a business and any industry which needs special attention. Machine learning can help with some of these sections. Following are some of the sections which machine learning can assist in which makes it quite essential to opt for machine learning Training in Mumbai.
· Logistics and production
· Sales and marketing
· Human resources
· Finance
· Healthcare
AI and machine learning can be fascinating but they are quite tricky at times. Learning from professionals can therefore be the right thing to do.
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Location: Mumbai, Maharashtra, India

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