Scope of machine learning
Machine learning and predictive analytics now help companies to focus on important areas, anticipating problems before they happen, reducing costs, and increasing revenue. This was a natural evolution after working with business intelligence (BI) solutions. BI applications were helping companies to make better decisions by monitoring their business processes in an organized manner, usually using dashboards that have various key performance indicators (KPIs) and performance metrics.
BI tools allow you to dig deeper into your organizations historical data, uncover trends, understand seasonality, find out irregular events, and so on. They can also provide real-time analytics where you can set up some warnings and alerts ...
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