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Machine learning can help you solve your business issues by predicting future outcomes and make better decisions accordingly. Here are some advantages that can help you understand if machine learning is for you:

 Extract meaningful insights from a large volume of data. For example, ML helps in discovering specific patterns from a large volume of data that would not be plausible to humans (e.g., an e‐commerce website like Flipkart has a large volume of data. Using ML, it observes the purchasing and browsing history of the customer, discovers a pattern from it, and then recommends similar products and deals to them).

 Algorithms self‐improve the prediction without any manual support.

 Machine learning algorithms can learn from experience. So, the accuracy of predictions also improves as the project grows.

 Machine learning algorithms can handle a variety of data. For example, multidimensional data.

 Machine learning automates time‐intensive and repetitive tasks.

 Machine learning helps businesses to make the right decisions by constantly monitoring the change in market demands and facilitating organizations to take proactive measures to maintain their competing edge in real time.