Knowing And Understanding The Anticipated Trends Of Machine Learning In 2019

Since its introduction to the world, ML or machine learning has proven to be one of the most powerful and discussed amongst the emerging technologies. 2019 is going to be quite critical for this technology, as scientists and researchers are getting ready for large scale market place application of the same. So, exciting times are ahead and keeping track of technology is best done through remaining up to date on the subject.

Looking Back Before Looking Forward – Before delving deeper to understand the anticipated trends of ML in 2019, it will be better to find out why it is so important to do so. The most crucial point will be, gaining a better comprehension of the market and real-life application of the technology in question. This also helps the owner to make the right and beneficial decisions for a business. A list of statistics recent industry statistics and predictions on the subject will clarify the picture further.

Some Statistics – The points you need to know about are:

• Machine Learning is considered to be one of the most important elements of digital transformation. According to researches and technical experts, by the end of 2021, the cumulative investments in ML will be $58 billion.
• The global industry of machine learning is currently growing at a CAGR of 42% and by the latter part of 2022, it will reach the mark of $9 billion.

The Trends To Look Out For – So, it is quite clear that the growth of machine learning as a market is going to be exponential. The trend has already started and it will continue in the coming years as well. Additionally, ML is going to take up an important position in the market and that means, having a clear idea about the upcoming changes will prove to be pretty beneficial. The trends you need to know about are:

Innovative Usage of ML Across Industries – One of the most important things about machine learning is the fact that being such advanced technology, there will be hardly any industry which won’t benefit from it. Already a number of industries are enjoying those benefits, in the future, the trend will only grow further. According to the experts, apart from the traditional and well-known usages, ML will now be used in a plethora of innovative ways. These implementations are already underway, albeit as trial runs, but they are about to become permanent fixtures. So, the future is going to be more interesting and driven by advanced technology.

The Growth Of Better ML Algorithm – Ease of accessibility and availability of both live and dead business data means the scope of better machine learning models and algorithms will increase in 2019. Along with that, there will be more opportunities for ML researchers to communicate with business practitioners, which will lead to the birth of real-world solutions.

Adoption In Both Old And New Industries – Machine learning technology will be adopted by both new and old industries. With the huge growth in data creation and accumulation, it is important to have a better data processing system as well. Every kind of industry will like to enjoy the benefits of such an opportunity and 2019 see witness that happening.

By understanding the evolving landscape of Machine learning, you will be able to find out whether your business needs to start at the beginner’s level or effort should be put to reach a more advanced level. At Sirchend Softwares we have been working with the whole gamut of technologies including artificial intelligence, machine learning, deep learning, and so on. Hence, we have gained both the idea and experience to handle the situation and enjoy the benefits it offers. To know more, keep an eye out for our blogs on the subject.