Machine learning can theoretically solve any problem in almost any industry. Here are just a few examples.
Business
Machine learning poses several uses in businesses. One example is within online customer service. With machine learning algorithms, a machine can learn to identify the sentiment behind the messages a customer sends (a process known as sentiment analysis). Machine learning also sometimes exists in customer service chatbots. Here, a machine learns how best to reply to customer queries.
Banking
Machine learning can enable computers to learn to detect potential cases of fraud across many different fields, such as in finance and banking. Plus, the more cases of fraud that are detected, the better the machine gets at identifying other fraudulent transactions.
Health
Machine learning is also able to support doctors by assisting with medical diagnosis. Machines can process substantially more information in a small amount of time than humans. So, machine learning allows doctors to harness this processing power to provide earlier, more accurate medical diagnosis.
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