Artificial intelligence (AI) and machine learning are hot topics in the IT industry these days. Approximately 54% of organizations are making substantial investments in AI with company leaders having high hopes for how they can be used to improve and automate business processes. That number is supposed to jump to 63% in three years, according to the 2017 Global Digital IQ Survey.
So how will AI solve business problems, like helping you figure out why you’re losing customers or assessing the risk of a credit applicant? It depends on a number of factors, especially the data you are working with and the type of training that will be required. Learn about the most common algorithms and their uses cases in the infographic below.
Source: Morrison, Alan and Anand Rao, Machine learning methods (infographic), pwc, Next in Tech, April 17, 2017, http://usblogs.pwc.com/emerging-technology/machine-learning-methods-infographic/.