Machine learning has evolved from its test phase a couple of years ago, and now it is being used in most industries. It is safe to say Machine Learning (ML) is here to stay. Machine learning is one of the popular branches of Artificial Intelligence we constantly rely on.
The fact that machine learning has so many different learning models makes it versatile enough to be used in many fields. However, a problem arises when you have many models to focus on. For this, you will need help with your model management.
If you have a big company that relies on ML, you can hire a team of experts to help you with your different models. You could also outsource the task of ML model monitoring to firms like Verta that deal with AI or one that specializes in ML. They will probably cost you less and save you the hustle of creating and managing a team from your staff.
There are already many technologies that we use each day that rely on ML, they include your Netflix suggestions, and the list will grow over time. Furthermore, the incorporation of Quantum computing into ML will speed up machine learning operations.
The faster processing power from quantum computing will improve the processing of large datasets, solve complex problems faster, and offer better insight and models. Having better models will mean better Model Operations (ModelOps) and Machine Learning Operations (MLOps).
As we said, ML has vast applications in today’s world, so let’s have a look at what Machine learning has to offer you now and in the coming years.
1. Intelligent Parking
You may already be familiar with the use of machine learning in the automotive industry. The future is optimistic about self-driving cars and currently, tests are underway. While this is being tested and perfected, SONAH, a company in Germany, is developing intelligent parking.
This technology will help save time when looking for parking. We are all familiar with the pain of looking for parking in a crowded parking lot. The technology will use smart digital sensors installed in infrastructure and image processing units to detect available spots.
The parking system will rely on ML for analysis and prediction of parking availability. This prediction will be based on driver behaviors at a particular time.
2. Intelligent Maintenance
Yet another advancement in the automotive industry will be smart vehicle maintenance. This technology aims to help better diagnose and fix vehicles. The aim is to reduce the cost of vehicle maintenance, avoid damages to cars, and reduce vehicle breakdowns.
SONICLUE is in charge of the vehicle project. This is a start-up company whose goal is to employ machine learning to diagnose car problems. The sound fluctuation analysis from various components will be used to carry out the maintenance operation.
Each defective component will produce a sound fluctuation that will lead technicians to the defective element for analysis.
3. Market Research
Companies such as Pfizer are adopting machine learning and quantum computing to research immune-oncology. The company partnered with a tech start-up to help them get an artificial intelligence-based platform to model its drugs.
The project will help predict the pharmaceutical properties of molecular compounds using ML and the body’s response to the compounds. This will aid in the fight against cancer and other diseases.
4. Prognos AI
They say prevention is better than cure, however, with matters of healthcare the line can be blurry. Sometimes early detection will just have to do. Prognos AI has taken advantage of machine learning to sort records of patients to help facilitate early disease detection.
With diseases such as cancer, early detection can give the patient a good fighting chance. The Prognos AI also aids in the therapy requirements and opportunities for clinical trials.
5. Better Grading Systems
The Covid-19 pandemic pushed the world into embracing online studying. The move necessitated the development of better and more interactive online learning. One of the achievements of this move is better grading systems.
The availability of data from differently skilled students gives ML a better chance at creating a better grading profile. The process takes only a couple of minutes and is very accurate. To back this up, ML can easily detect plagiarism. This feature further improves the credibility of the students and system as well.
6. Improved E-Learning
Machine learning is revolutionizing the way we learn online. This improvement has been made possible through
Personalized learning- Through machine learning, you can focus on the needs of each learner and tailor a course for them. The course work will include analysis of tests, feedback, and preferred instructors.
Visual assistants- These are digital assistants to help you with coursework. Through machine learning, they can better process users’ requests and communicate better.
Content customization- To help speed up the learning process, machine learning can be employed to get students to sort through content. This may include eliminating all the unimportant data to create a summary. The summary created is easier to understand and provides a better learning experience.
7. Simpler Software Development
Running a software development project is a complex task. It involves factoring in a lot of variables such as time, costs, quality, risks, and the development team. Even to experienced project managers, the process is hard and can end in a failed project.
Machine learning is being used to develop tools to help project managers perform better at their job. This is through software such as Easy Project. It aids in creating forecasts and predictions of project timelines for reaching the milestones set and possible completion. The tool can also help identify the possible risks based on the team member’s performance and previous projects.
Machine learning and other Artificial Intelligent technologies will continue to be a part of our life. ML will revolutionize the way we do things. This will necessitate people to increase their skill sets and think of how they can use the technologies to their advantage.
Those that run businesses need to incorporate machine learning-based technologies into their work. Doing this will not only keep their operations relevant but also help reduce costs. You should consider what works for you and look at how you can use machine learning to better your business’s future.