What do you think of when you hear the term “machine learning?” You may be only half right, as it’s a term with a lot common misconceptions and baggage. The term actually refers to two entirely different activities – developing machine learning algorithms and applying those same algorithms to create business value.
This distinction matters because machine learning is already transforming the global economy. In 2017 the spending on machine learning and artificial intelligence was estimated at $12 billion. By just 2021 its projected to grow to $57.6 billion. Companies across industries are about invest heavily in this technology, so