Machine Learning Predictions for 2021

 


Machine Learning has been a hit game for the medical industry during the 2020 pandemic, so now the technology industry wants to know what’s next!

Machine learning market value was $8 billion in 2019 and is expected to reach $117 billion by the end of 2027 at a CAGR of 39%.

Therefore, Machine Learning has a bright future. Let’s examine how Machine Learning is booming and will continue to thrive in the future.

Automating the development of machine learning

An automation approach is the best way to overcome the tedious tasks involved in ML projects, such as preparing data, engineering features, and optimizing models. As platforms, tools, and libraries become more automated, repetitive tasks become simpler and easier. By this year, all levels of ML development should require the least assistance from humans, increasing efficiency and productivity.

Integration of machine learning and IoT

Technology has reshaped this sector in both directions. IoT devices collect data that can be analyzed and used to gain valuable insights. Using Machine Learning, data can be optimized by converting patterns and trends into useful outputs.

Cybersecurity and Machine Learning

In addition to the extensive use of ML in different industries, cyber-security has also been utilizing ML models heavily. A wide range of ML applications is used in cybersecurity, including fighting cybercrimes, improving antivirus software, and detecting cyber threats. ML has been applied to smart Antivirus Software that detects cyber threats from viruses that have been previously dealt with as well as identifying any anomalies in the behavior of programs.

ML is used in a wide range of industries

Machine Learning is gaining traction in a wide range of industries due to its rapid development. Many industries, including healthcare, transport, banking, retail, and manufacturing, are using machine learning algorithms to manage and optimize large amounts of data. In these industries, productivity, timely delivery of service/products, and customer relations have drastically improved.

COVID-19 has had a tremendous impact on the ML industry, and the current period is turning out to be one of exponential growth in the booming ML market.

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