Technology is evolving faster than we can keep up. Nowadays, older generations find it almost impossible to grasp or use technological advents, such as the internet, blockchain, or AI. Of course, young people have no issues adapting to the latest trends. However, they will be the ones struggling to understand how technologies like machine learning impact their lives in the future.
The world is already changing towards a more digital lifestyle. For example, only a few decades ago, you would have needed a wallet full of bills to go shopping. Today, all you need is an electronic payment app like Zeta Finance, and you’re free to go anywhere with lighter pockets. Cash is becoming a part of the past, and AI is looming on the horizon. So, how will it shape our future?
What is Machine Learning?
Machine learning is a new technological breakthrough that enables computers to self-learn and improve their various abilities. This is possible through Artificial Intelligence (AI), which allows computer systems to interpret data and information like never before. Then, they use this analysis to make predictions about the outcome of a specific task.
One of the simplest examples of AI-backed machine learning is many streaming services’ algorithms. For instance, when you use Netflix, you input data simply by watching movies or searching for titles. Even hovering over movie previews tells something about your viewing behavior. The algorithm then compiles all this data into a viewer profile, predicts your future choices, and suggests accordingly.
Many can relate to this example of machine learning even if they don’t know much about AI and computers. However, machine learning plays a more prominent role in larger corporations that create detailed customer profiles. Then, they sell these profiles to businesses seeking to appeal more to their potential clients.
Companies would run surveys and mass interviews to back their marketing strategies in the past. Now, machine learning does all the work for them and provides more accurate data increasingly. However, this is not the only purpose of machine learning. Let’s see how it will impact our daily lives!
How Machine Learning Will Change Everything
We have already established that machine learning uses big data to make predictions. Besides showing corporations how to make their customers buy more, machine learning can also help with:
This technology could help teachers assess better each of their students. For instance, machine learning could compile every bit of data about a student, such as marks, subject preferences, attendance, etc. Then, it could predict in which field that student can excel. As a result, their teachers can better guide students on a successful career path with less academic confusion.
In the past century, scientists have already accumulated vast data on climate. Using machine learning, we can make better predictions not only on weather changes but also on global warming too. This way, we can make the necessary changes to avoid climate catastrophes.
Machine learning can impact other fields, including labor, health, law, sports, and the economy.