How Machine Learning Will Affect Your Industry
Machine learning is closely linked to artificial intelligence. They’re said to be changing the way we live and work for a better future. Although it’s already grown rapidly over the past few years, it’s set to take the world by storm when it’s adopted on a more widespread scale. There are some industries that are already feeling the benefits, and a few left to experience what machine learning can do for their business. Here’s a guide to how machine learning will affect your industry:
It’s well known that the education sector has been suffering for the last few years. In fact, protests recently took place by a group of head teachers complaining about lack of funding for schools. They claim this is impacting the teachers and the quality of learning for students. So, how could machine learning help? Well, it could take pressure off of the teachers, alleviating them of menial daily tasks. AI technology would be able to put in place algorithms for things like grading papers. This could eliminate hours of time from a teacher’s day. In addition, computers could also be programmed to build study plans for each student, tailoring it to their needs. Machine learning could be greatly beneficial in helping lessen teachers’ workloads.
Legal firms are now turning to machine learning for data processing. In some cases, it can save hours and hours of work. Law, much like education, is a field that certainly requires humans, and could never be replaced by machine learning. Both industries require human logic and intelligence that AI technology doesn’t have. However, it can be extremely beneficial in giving a helping hand to workers.
Retail is one of the main industries already taking advantage of computer-assisted technology. Self-scan checkouts have been rolled out across many stores in many chains. This software could potentially be further developed with machine learning to replace the tasks of employees, such as stockroom organization or customer services work. It’s said that mobile app development could be linked to machine learning in the future to create an easier service for both employees and customers.
Machine learning is also currently used in hospitals as part of healthcare initiatives in doctors’ surgeries and hospitals. This new technology could be revolutionary for the healthcare industry. Already, computers are being used to give a faster patient diagnosis and also to predict the potential problems a patient may encounter in the future. Recently, hospitals have begun using AI algorithms to more accurately detect tumours in patients and analyze moles for skin cancer. The idea is that in the future, the technology will develop even more that it could help in the search for a cure to cancer.
Self-drive cars are already being trialled in America, but China is taking it a step further by testing driverless public buses. It’s anticipated that within the next decade, the majority of boats and trains will be controlled autonomously. In fact, Google and Rolls Royce are already collaborating on the world’s first self-driving ship, with the aim to launch it in 2020. It will be controlled by Google’s Cloud Machine Learning Engine. The developments are still very much underway, and there’s a lot of work to do as the ship’s AI will need to take on the tasks of a crew of around 20.
The Future Of Machine Learning
The future for all industries in terms of machine learning is certainly exciting. Businesses will perform better when they fully embrace everything machine learning can do for them. Even in its infancy, machine learning is still tremendously helping the retail and healthcare sectors, and it’s set to infiltrate other industries in the near future.
Paul Matthews is a Manchester based business writer who writes in order to better inform business owners on how to run a successful business. You can usually find him at the local library or browsing Forbes’ latest pieces.