10 ways ML will play an important role in the world of big data
Machine learning and big data go hand in hand!
The more data (quality data!) you feed to your machine learning algorithm‌ the better the algorithm learns and predicts accurate outcomes.
Machine learning patents form the thirdfastest growing category of all patents granted between 2013 and 2017
80% of hours streamed on Netflix are based on machine learning driven recommendations that come from analysing data for over 100 million subscribers
Machine learning and big data driven personalization + targeted recommendations save Netflix over USD 1 billion per year!
Machine learning based fraud detection will Minimize detection time by
Increase accuracy by
70 %
90 %
Deep learning has become a standard element in 80% of data scientists' tool kits
75% of enterprises using machine learning boost sales by more than 10%
ML-based predictive maintenance
75%
45%
decrease in failures
increase in uptime
10 times return on investment
30% drop in maintenance expenses
Machine learning chips used in data centers will shoot up to 800k in 2018 from 200k in 2016
800 K
100-200K
2016 2018
x2 in 2018
x2 in 2020
By 2021, more than 50% of organizations will spend a higher amount per year on ML-based bots and chatbot development than traditional mobile app creation
Number of machine learning pilots - in 2018 will be twice as many as 2017 - in 2020 will be double that of 2018
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