Basic concepts of Machine Learning Trends For 2021

Humans can typically create one or two good models a week; machine learning can create thousands of models a week.- Thomas H. Davenport

The increasing covid crisis has made clear the profound impact of digitization, especially innovation driven by digital transformation. Machine Learning is an application of AI that can automatically learn and improve from experience without being explicitly programmed.

Let’s check out of some key Machine Learning Trends in 2021, that may change the future for the better.

1. Intersection Of ML and IoT

The IoT has been a very fast developing segment recently. It makes use of Machine Learning algorithms to convert the data collected by IoT devices into useful actionable results.

For Example, let’s take a look at Plantio company based in Tokyo offers AI and IoT based plantation services, enabling customers to get sustainably harvested food.

2. Machine Learning in Cyber Security

Artificial intelligence and machine learning technology is increasingly finding its way into cybersecurity systems. One of the examples is

iXDen company, based in Israel. iXDen’s IoT software solution is a patent pending cybersecurity technology that protects businesses and organizations from IoT information tampering.

3. Business Forecasting and Analysis

Using this strategy, experts gather and screen a set of data over a period of time which then is examined and utilized for making smart decisions. Accuracy is increased around 95% by using ML, whenever diverse data sets are utilized.

For example :- Myst AI is a company in San Francisco which trends in time series forecasting for Energy Companies. It is a developer of the AI-based data analysis platform intended for electricity demand and supply forecasting.

4. Rise of AI Ethics

It is very easy to create intelligent , independent thinking technologies. But for instance, just think if a self-driving car kills a person or whatif ML algorithm is biased to people due to the biased data. These types of concerns have been highlighted around the increasing use of artificial intelligence technology in 2021.

Eder Labs is a company in India that deals with Ethics and Privacy of the Digital World. It aims to enable organizations to adopt AI and extract value from locked sensitive data in a scalable yet privacy preserving manner.