The need of business intelligence and analytics paved way for automated machine learning, a technology, which is capable of filling gaps in data science, the need of the hour for every business. This ideal innovation can resolve any complex data in a smart way and is the quickest when compared to any other technology.
What is automated machine learning?
In a nutshell, Automated Machine Learning (AML) is the complete automation of machine learning process (data, algorithms and features) thereby offering a solution to real-world challenges.
AML enables a business to establish accurate models by focusing on what to analyze and prioritize. With the advent of this automated technology, the businesses need not rely much on “what-if analysis”.
How automated machine learning is making a difference?
Traditional ways of machine learning (ML) did offer solutions to real-world problems but it came with the cost of time, resources, experts and related challenges. What AML brought on the table is a totally different level. The technology functions by implementing the best practices, as suggested by top-notch data scientists, which in turn increases the accessibility of data science to businesses and organization.
With this, it only gets easier to develop and apply ML models on raw data to get maximum output. With AML, the ROI concerning data science initiatives eventually improves by reducing the time investment required to analyze data.
With the help of data robots in AML, companies are now capable of finding key factors related to a business, which eventually improves operations and customer retention. The possibilities with AML are now endless as they find their application in Fintech, Healthcare, Marketing etc.
Businesses now must look no further but implement this technology at hand. Though it might be a common instinct among many that it can replace data scientist but that’s not true. AML is just a platform using which data scientist can explore the full potential of machine learning and be more productive. By leveraging the power of AML, businesses can be more focused and efficient at the same time.
To know more about Winjit’s Automated Machine Learning platform click on www.predictsense.io