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Machine Learning as a Service (MLaaS) Industry – Top Players Eyeing Emerging Nations

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by Angela Guess

According to a recent press release, “Machine Learning is defined as the science of getting computer systems to learn without any predefined programming. Machine learning is a branch of Artificial Intelligence and is used in various fields to continuously analyze data and make real-time decisions with any human interference. It focusses on teaching computers to learn from the environment and generate new data. It uses multiple techniques to analyze and detect patterns. Machine Learning is now being employed for applications such as face recognition, predictive analysis, deep learning, etc. With increasing awareness of machine learning, many companies are deploying this technology to achieve better productivity. Due to the increasing demand for machine learning solutions, many industries are opting for Machine Learning as a Service. MLaaS offers feasible Machine Learning solutions to organisations without the need for in-house infrastructure.”

The release goes on, “Increasing adoption of Internet of Things technology in many industries is driving the growth of this industry. With increasing deployment of IoT systems, the amount of data that needs to be handled has increased drastically, which is calling for faster and reliable data analysis solutions. Also, companies are increasingly focusing on understanding consumer behavior, to address each consumer efficiently. This is driving investments in MLaaS solutions. Furthermore, innovations in automation technologies and increasing adoption of cloud-based systems is boosting the growth. However, the need for highly-skilled personal to develop and deploy the systems and issues regarding data security are restraining the growth of this market.”

Read more at Press Release Rocket.

Photo credit: Orbis Research

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