• Latest
  • Trending
Is automated machine learning adoption growing?

Is automated machine learning adoption growing?

December 8, 2021
Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022
Fibre optic interconnection linking Cameroon and Congo now operational

Fibre optic interconnection linking Cameroon and Congo now operational

July 15, 2022
Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

Ericsson and MTN Rwandacell Discuss their Long-Term Partnership

July 15, 2022
Airtel Africa Purchases $42M Worth of Additional Spectrum

Airtel Africa Purchases $42M Worth of Additional Spectrum

July 15, 2022
Huawei steps up drive for Kenyan talent

Huawei steps up drive for Kenyan talent

July 15, 2022
TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

TSMC predicts Q3 revenue boost thanks to increased iPhone 13 demand

July 15, 2022
Facebook to allow up to five profiles tied to one account

Facebook to allow up to five profiles tied to one account

July 15, 2022
Top 10 apps built and managed in Ghana

Top 10 apps built and managed in Ghana

July 15, 2022
MTN Group to Host the 2nd Edition of the MoMo API Hackathon

MTN Group to Host the 2nd Edition of the MoMo API Hackathon

July 15, 2022
KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

KIOXIA Introduce JEDEC XFM Removable Storage with PCIe/NVMe Spec

July 15, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Saturday, 28 January, 2023
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

Is automated machine learning adoption growing?

by ITECHNEWS
December 8, 2021
in Data Science
0 0
0
Is automated machine learning adoption growing?

Big tech companies compile billions of data and machine learning (ML) is being used to build complex models and help process this information

As organisations around the world continue in their digital transformation journeys, top-rated technology companies such as Microsoft, Amazon, Google, and others have incorporated AutoML in their processes to enhance the effectiveness of their applications.

YOU MAY ALSO LIKE

5.7bn data entries found exposed on Chinese VPN

Introduction to Google Firebase: Firestore using Python

Automated machine learning (AutoML) is the process of applying machine learning(ML) models to real-world problems using automation. Automating the machine learning process makes it more user-friendly and often provides faster, more accurate outputs than hand-coded algorithms.

By automating a major portion of the machine learning process, the solution has changed the data science landscape. Based on forecasts from P&S Intelligence, the automated machine learning (ML) market is expected to grow from $346.2 million in 2020 to $14.8 billion by 2030. 

Rising demands for personalised services is increasing ML investment

AutoML is typically a platform or open-source library that simplifies each step in the machine learning process, from handling a raw dataset to deploying a practical machine learning model. In traditional machine learning, models are developed by hand, and each step in the process must be handled separately.

Leading the market is a surge in demand for fraud detection solutions, personalised product recommendations, and predictive lead scoring.

According to P&S Intelligence, the COVID-19 pandemic has provided a significant drive to the evolution of digital business models, with many healthcare firms adopting machine-learning-powered chatbots to detect COVID-19 symptoms without human intervention.

Among other key findings, P&S Intelligence stated that the service segment would exhibit the fastest growth in coming years. The increase is attributed to the rising demand for implementation and integration services, consulting, and maintenance services, which aid in enhancing business productivity and coding proficiency.

What are some advantages of AutoML?

  • Improve efficiency by automatically running repetitive tasks. Time is money, and the more effectively you can use your machine learning resources, the better. This can allow data scientists to focus more on problems instead of models.
  • Automated ML pipelines also help avoid potential errors caused by manual work.
  • AutoML can also add value to your company by allowing you to scale your use of AI
  • Make predictions on new/unseen data
  • Save/load a model for future use

One of the downsides of having ML models making automated decisions on a daily basis is that it makes it difficult to determine who is accountable for these decisions. In regulated industries like Financial Services or Healthcare, accountability is key. Complex data types can also be a struggle when it comes to AutoML. Data is one of the most valuable commodities today, but not all data is equal. Data comes in different shapes and sizes, and the ability to extract patterns from it heavily depends on its format and complexity.

ShareTweetShare
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Search

No Result
View All Result

Recent News

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022
8 Most Common Causes of a Data Breach

5.7bn data entries found exposed on Chinese VPN

August 18, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

Inaugural AfCFTA Conference on Women and Youth in Trade

Inaugural AfCFTA Conference on Women and Youth in Trade

September 6, 2022
Instagram fined €405m over children’s data privacy

Instagram fined €405m over children’s data privacy

September 6, 2022

Recent News

  • Inaugural AfCFTA Conference on Women and Youth in Trade September 6, 2022
  • Instagram fined €405m over children’s data privacy September 6, 2022
  • 5.7bn data entries found exposed on Chinese VPN August 18, 2022
  • Fibre optic interconnection linking Cameroon and Congo now operational July 15, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021-2022 iTechNewsOnline.Com - Powered by BackUPDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version