Business of Machine Learning
The role of Machine Learning (ML) in business is an interesting topic. ML provides a powerful tool set for understanding data, but that is not enough. A fundamental tenet of strategy is differentiation, or finding a sustainable competitive advantage. We shall try to clarify basic alternatives below. Suunto dive computers use mathematical model for nitrogen saturation of human body. For deep dives or challenging conditions, using multiple computers provides safety. Exclusive access to data This is the most talked about approach at the moment: a company has exclusive access to data and performs value adding operations in them. In the simplest case, the data in question are related to normal operations of the company, and may be Customer Relationship Management (CRM) data or enterprise business data, for example. Machine learning can be used to automate business processes using data. A second type of exclusive data relates to a service product the company is offering. It may b