The sheer volume and unstructured nature of the data generated by billions of connected devices and systems presents significant challenges for those in search of turning this data into insight. For many, machine learning holds the promise of not only structuring this vast amount of data but also to create true business intelligence that can be monetized and leveraged to guide decisions.
In the past, it wasn’t possible or practical to implement machine learning at such a large scale for a variety of reasons. Recently, three major advances have enabled more organizations to take advantage of machine learning to enhance business intelligence:
1) Bigger data (and more importantly, better labeled data)