Revolutionising Business Intelligence With Machine Learning APIs Imagine a world where you’re able to harness the power of data analysis and machine learning to revolutionise your business intelligence strategy. A world where you don’t need an army of data scientists or months of research to make informed decisions – all you need is a little…
Welcome to the fascinating realm of artificial intelligence (AI) and machine learning (ML), the technological titans that are steadily reshaping the landscape of every industry globally. This section of our blog explores these groundbreaking technologies and their inextricable link to bespoke software, web, and app development, sharing insights and updating you on the ongoing transformations fuelled by AI and ML.
Artificial Intelligence is the broader concept that encapsulates the idea of machines carrying out tasks in a way that we would consider ‘smart’ or ‘intelligent’. Machine Learning, on the other hand, is a subset of AI and a current application of AI, focused on the notion that we should give machines access to data and let them learn by themselves. While AI can be programmed to perform high-volume, computerised tasks reliably and without fatigue, ML algorithms enable the system to learn from data inputs and improve performance without explicit programming. Together, they represent pivotal drivers of the fourth industrial revolution and are transforming the software, app, and web development market by fostering unprecedented levels of efficiency, capability and personalisation.
As technology matures, customised development services are gaining traction globally. The ‘one-size-fits-all’ approach has been sidelined in favour of bespoke solutions tailored to specific organisational needs. Leveraging AI and ML, companies can create sophisticated systems that not only think, learn, and improve, but that are tailor-made to meet specific operational, customer and brand needs. Gartner predicts that by 2022, up to 40% of new application development projects will have AI co-developers on their team, clearly illustrating the direction the industry is taking.
Beyond theoretical discussions and into real-world applications, AI and ML are shaping various industries from healthcare to finance, retail and more. AI-fuelled chatbots are revolutionizing customer experience, while ML algorithms are behind the majority of our online video streaming recommendations. Statista reveals a global AI market worth of $39.9 billion as of 2019. By 2025, the market size of machine learning as a service is expected to reach $20.83 billion.
With the rapid growth of AI and ML, ethical considerations, security, and privacy also become increasingly important, opening new avenues of fascinating discussions and challenges. Perusing our AI and ML blog section, you will understand why these topics matter to your business and stay up-to-date with the latest trends, risks, debates, and solutions.
Feel free to delve further into this compelling and complex world by exploring deeper into our Artificial Intelligence And Machine Learning section or browsing the wealth of topics available in our main blog. We at API Guy are always open to conversation, to discuss how our custom solutions and AI & ML insights could benefit your business, don’t hesitate to reach out to us. Dive in, learn, ponder and discuss with us the future of technology!