window._mfq = window._mfq || []; (function() { var mf = document.createElement("script"); mf.type = "text/javascript"; mf.async = true; mf.src = "//cdn.mouseflow.com/projects/0148bb62-7ff8-46ae-a466-bf3fd13c7d09.js"; document.getElementsByTagName("head")[0].appendChild(mf); })();
407-478-6600    Get SUPPORT

TaylorWorks Blog

The Rise of Machine Learning for Small Businesses

The Rise of Machine Learning for Small Businesses

A.I. is one of those technologies that captivates the imagination with endless possibilities. You can’t turn your head these days without using something integrated with early artificial intelligence. Machine learning platforms, which are very rudimentary forms of A.I. are now being used to improve many of the tools a small business uses. Today, we will briefly go into what machine learning is and how small businesses are using it to their advantage.

Smarter Machines?
The first thing you have to understand about machine learning is that it is just a branch of A.I. As such, it basically describes a method of analyzing huge amounts of data in which prospective models of problem solving are automated. In layman’s terms, the computer solves basic problems without human intervention. This is significant for a few reasons, but the most glaring is that businesses today, and even small businesses, take in a lot of data. Traditionally, humans were paid to go through all this data, or it was archived and disregarded until there was a major question.

This shift is in the manner in which these machine learning systems analyze data, identify patterns, and make decisions from the analysis of those patterns.This seemingly advanced technology is being deployed at a dizzying rate and is beginning to surround us all, in our phones, on search engines, and in the systems that we manage our business data. For the small business, there are opportunities to utilize this technology to help carve out a larger market share.

Small Business Machine Learning
The philosophy behind utilizing machine learning for a business is just an extension of the overarching strategy of deploying automated systems to cut down on personnel and human resources costs. This strategy has worked in several sectors, albeit with automated systems that were more pre-programmed than “smart” like the machine learning systems.

An issue many small businesses will run into when deciding whether or not to try and innovate to the point where machine learning is an option, is where exactly it fits. Other questions persist as well. They include:

  • What is the capital and operational investment of deploying this technology?
  • How it will have to be utilized to provide a competitive advantage?
  • What systems can be improved through the use of machine learning?
  • How much time do you have until you would be at a competitive disadvantage if you didn’t invest in the technology?

Once you’ve ascertained how exactly to deploy machine learning, you can go ahead implementing it where you feel it is warranted.

Benefits of Machine Learning
A.I. and machine learning carry with it specific benefits. Some of them include:

  • Forecasting business - What might be the most popular use of machine learning, the technology can be used to replace data and service analysis while being used to replace processes that were done manually or not done at all.
  • Customer service - Chatbot technology essentially automates the customer service experience by directing customers to certain solutions based on query.
  • E-commerce - Rolling out machine learning for your e-commerce site helps customers by adapting to customer behavior. Giving prospects and customers easy access to obtain the the products and services they are most interested in is sure to improve revenue generation.
  • Reputation management - Machine learning can be set up to analyze internal and external data sources to monitor brand popularity. When it finds negative sentiment, you can use the information provided to smooth the situation over, fast.

These are only four of the many processes that can really help improve your business. As the technology improves, more A.I. and machine learning applications will be used to manage, maintain, and streamline a lot of your business’ slow-moving manual processes.

Machine Stupidity
These technologies are extremely advanced and are programmed to learn for themselves, so oversight of them may be difficult. If you are one of the many business owners that have a difficult time trusting technology, machine learning may not be for you. These constructs tend to be less predictable than typical analysis, because it is so thorough. Also, you may run into problems getting all of the data that needs to be analyzed into the system, providing results that may not be accurate for your entire business.

One could see how a small business owner can be in ‘wait and see” mode, but the problem with that strategy, however, is that your competitors may be using it now to improve their business. If you are interested in learning more about how this emerging technology can be used to make your business better, contact the professionals at TaylorWorks today at 407-478-6600.

Powerful Physical Security Options
Tip of the Week: Change Display Settings in Window...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, March 26 2019
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Tag Cloud

Tip of the Week Security Technology Network Security Best Practices Cloud Business Computing Privacy Data Backup Hosted Solutions Managed IT Services Hackers Malware Email Data Recovery VoIP Mobile Devices Data Google Outsourced IT Internet of Things Innovation User Tips Productivity Tech Term Communications Internet Efficiency Microsoft IT Services Backup Cloud Computing Hardware Software Business Continuity Artificial Intelligence Cybersecurity Workplace Tips Saving Money Business BDR Communication Android Small Business Business Management Ransomware Smartphones Cybercrime Disaster Recovery IT Support Managed IT Services Windows 10 Smartphone IT Support Network Router Gadgets Browser Phishing Chrome Applications Law Enforcement Computer Managed IT Encryption Server How To Mobile Device Collaboration Windows Information Two-factor Authentication Save Money Proactive IT Computers Word Avoiding Downtime Access Control Business Intelligence Blockchain Virtualization Office 365 Training Holiday Data Security Money Mobility Spam Mobile Device Management Data Protection BYOD File Sharing Automation Wi-Fi Software as a Service Compliance Passwords Firewall Social Engineering Machine Learning Operating System Identity Theft Bandwidth Managed Service Business Technology Apps Productivity Servers Remote Monitoring App Paperless Office Facebook Vulnerability Analysis Settings Telephone Systems Miscellaneous Private Cloud Upgrade Redundancy IT Management Social Media Document Management Alert Connectivity Voice over Internet Protocol CES Sports Save Time Windows 7 Comparison Telephony Augmented Reality Unsupported Software Value Data Storage Health Content Management Scam Virtual Private Network Hacker Employer-Employee Relationship Credit Cards Google Drive Networking Microsoft Office Update Unified Threat Management Budget Smart Tech Virtual Assistant Meetings Botnet Workers Manufacturing Solid State Drive Big Data Flexibility Fraud Information Technology Website Password Human Resources Cryptocurrency Remote Computing OneNote Telephone System Data loss Business Owner Infrastructure Education Bring Your Own Device Mobile Computing VPN Google Docs Healthcare Keyboard Data Breach IT Plan Work/Life Balance Spam Blocking Hosted Computing Downtime Digital Signage Cast Charger Mouse Remote Work Managed Service Provider Enterprise Content Management Risk Management Computer Fan Display Tools Business Mangement Patch Management Distribution Outlook End of Support Help Desk Online Shopping Unified Communications Devices Electronic Medical Records IT Consultant Remote Worker Restore Data Multi-Factor Security PDF Inventory Wireless Technology Google Search Government Office Tips Smart Office Administrator Regulations IoT Password Management FENG Security Cameras Root Cause Analysis Technology Tips Quick Tips Gmail Addiction Virtual Reality Logistics Frequently Asked Questions Specifications Marketing Shortcuts Skype Evernote Theft Thought Leadership Black Market Content Filtering Leadership Wiring The Internet of Things Backup and Disaster Recovery Software Tips Trending HaaS Strategy YouTube Windows 10s Instant Messaging Proactive Net Neutrality Hacking Netflix Microchip NIST HIPAA Employee/Employer Relationship Recycling Cache Worker Commute Project Management Excel Millennials eCommerce Start Menu Wireless Charging Google Apps Streaming Media Battery GDPR Cryptomining Physical Security Lifestyle Legal Entertainment SaaS Flash Hard Drives Authentication USB Current Events Remote Monitoring and Maintenance ISP Data Warehousing WiFi Students Cleaning Users Insurance Smartwatch Travel eWaste Wireless Internet Warranty Biometric Security Tip of the week Workforce Audit Social Mobile Content Filter webinar E-Commerce Database Computing Infrastructure Search Engine Amazon Fiber-Optic Nanotechnology Recovery Knowledge Line of Business File Versioning Staff Data Management Computer Care Practices Safe Mode Employee Wireless Screen Mirroring Criminal Wire Vendor Management Emails Printer Windows Server 2008 Telecommuting Public Cloud Vendor Professional Services Cortana Password Manager Storage Conferencing Camera Windows 10 HBO Accountants HVAC Bing Sync Amazon Web Services Cables Network Congestion MSP Multiple Versions Digital Signature Electronic Health Records Samsung Hybrid Cloud Experience Presentation Webinar Television Lithium-ion battery Twitter Printers Hiring/Firing Content Music 5G IT solutions Tech Support Politics Public Computer Safety Worker IBM Fun Internet exploMicrosoft Audiobook Loyalty Wearable Technology Files Video Games Competition Office Rootkit Transportation Customer Relationship Management Advertising IP Address Employer Employee Relationship Books Colocation Company Culture How to History Automobile Utility Computing Relocation Benefits Customer Service Search Mobile Office Computer Accessories Managing Stress Best Practice Two Factor Authentication Troubleshooting Domains Techology Scalability CrashOverride Regulation Humor Smart Technology Assessment Bluetooth Emergency Analytics Internet Exlporer Shadow IT Hosted Solution Public Speaking User Error

Mobile? Grab this Article!

QR-Code dieser Seite