Harnessing the Power of Machine Learning: Opportunities and Challenges
Do you remember the movie " Wolf of Wall Street"? This line, "The best way to sell something is to not sell anything at all. Earning the respect, awareness, and trust of people who could purchase," as said by the protagonist Jordan Belfort, is core to business. When you put your customers at the core of your business, you maximize your sales. Knowing them, helping them with the right products, and earning their respect can go a long way. Digital transformation can help you be more customer-centric. Current technologies like Machine Learning, Big Data Analytics, and the Cloud drive this transformation. As a growing business, you can implement these technologies to understand your customer’s preferences better. According to research by Forrester, several companies will adopt AI by 2025. According to IBM, these are some drivers…
