The booming growth of the Internet of Things (IoT) market is making a statement. The global IoT market is expected to grow from $157 billion to $457 billion between the year 2016 and 2020. ZD Net brought this information to our attention in their article, “Machine learning and the Internet of Things.”
Machine learning and artificial intelligence (AI) are significant to the impact of IoT. The ability of the system to make cognitive decisions based on historical data will greatly influence the value of the solution. Technologies can leverage supervised learning techniques to help make business decisions based on classification, regression, and anomaly detection.
Machine learning is not new to the world of computing. It was created in the 1950s, inspired from related fields in computing such as pattern recognition and AI. However, leveraging this concept to optimize business process was largely constrained by the cost of provisioning and maintaining the compute and storage required to host and execute machine learning algorithms. With the development and proliferation of cloud computing, this has changed.
Melody K. Smith
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