Artificial Intelligence And Machine Learning: For an extended period, digitalization has been transforming companies. There is hardly any company that is not integrating digital technology into its operations.

The technological sphere exists, and as more businesses perfect their use of applied science, they are diving further into a machine-driven environment to improve efficiency, get a competitive edge, and make their brand more appealing to the audience.

Artificial Intelligence and Machine Learning are two complementary technologies. They are the most often utilized comprehensive analytics methods for achieving corporate objectives via the usage of data infrastructure.

For these and many more reasons, businesses have already started the process of implementation profitably.

Every company is developing intelligent apps that include AI and machine learning capabilities to decrease marketing costs, expand market coverage, improve customer experience, and gain a competitive edge.

The statistics below demonstrate that machine learning and artificial intelligence-powered mobile applications are a favorite among financed startups and companies.

• According to Allied Market, the market for machine learning will reach $5,537 million in 2023, demonstrating the technology’s growing appeal.
• According to Gartner’s 2019 CIO Survey, the number of businesses using AI technology in some form has gone up 270 percent over the last few years.
• According to Microsoft, 44% of organizations fear losing out to startups if they adopt AI too slowly.
• Around 76 percent of US businesses achieved their sales targets, while European banks boosted product sales by 10% and reduced churn rates due to machine learning.
• According to The Wall Street Journal, advances in artificial intelligence and machine learning algorithms can boost global GDP by 14% between now and 2030.

As you can see, the best way to get an advantage over your rivals is to concentrate on enhancing your current application via the use of Artificial Intelligence And Machine Learning.