Machine Learning describes the ability of certain algorithms to autonomously learn from data using pattern recognition
The amount of data is constantly increasing. Authorities, corporations and even the sports club next door collect, record and process data today. But what can be done with these enormous amounts of data? And how can companies use the data commercially? The answer to these questions is: with machine learning.
Machine Learning is a sub-area of Artificial Intelligence (AI). Machine learning-based systems learn autonomously without having been specifically programmed for their later task.
Machine Learning has experienced an upswing in recent years.
On the one hand, this was due to the fact that computer capacities have increased enormously: Computers process large amounts of data ever faster. On the other hand, the knowledge of interrelationships has increased. Scientific progress has been immense.
The technology is now being used in many areas of everyday life, such as search engines and speech recognition. And even manufacturing companies are already using the intelligent machines. Machine learning helps in robotics or image recognition.
We are currently on the verge of the technology's introduction even in areas far removed from production. This applies, for example, to the area of finance and accounting. The first products - such as the plug-and-play assistants for AI in SAP from Nooxit - are ready for the market and are now being used.