The Machine Learning Market Deals with AI Robotics Industrial, Oil and Gas, Healthcare, and Various Other Sectors
Machine Learning (ML) involves using numerical data to make predictions and analyze real-time performance. The subject can be anything from stock prices to weather patterns to driving habits of people in specific geographic areas. This form of statistical analysis has been used in many domains, ranging from weather predictions to tax collections. Today, it is being used to provide solutions in many domains including online trading and Internet marketing. As the field of artificial intelligence grows and becomes more prevalent throughout society, many people will certainly benefit from its use.
The machine learning market deals with AI robotics. In April 2020, UST Global, a multinational provider of digital technology and transformation, partnered with GreyOrange, a provider of AI robotics, to leverage AI and machine learning to optimize fulfillment operations.
The industrial sector is also a major end user of the machine learning market. In January 2020, NXP Semiconductors N.V., a Dutch semiconductor manufacturer, launched i.MX 8M Plus application processor – the first i.MX family to integrate a dedicated Neural Processing Unit (NPU) for advanced machine learning inference at the industrial and IoT edge.
In the oil and gas sector, the machine learning market products help predict rock thermal conductivity. In September 2020, researchers from Skolkovo Institute of Science and Technology, in collaboration with Lukoil-Engineering LLC, reported use of machine learning to accurately predict rock thermal conductivity, a crucial parameter for enhanced oil recovery. The research was published in the Geophysical Journal International.
High prevalence of cancer and infertility aids in growth of the machine learning market. In October 2020, RaySearch Laboratories AB, a Sweden-based medical technology company that develops software used in radiation therapy of cancer, announced to present further advances in machine learning and support for brachytherapy at ASTRO 2020. In 2018, Univfy, an in-vitro fertilization-focused machine learning company, raised US$ 6 million in Series A funding.
Players in the machine learning market are focused on developing optimized machine learning models. In 2019, ADLINK Technology, a developer of products for embedded computing, test & measurement, and automation applications, partnered with Intel and Amazon Web Services to simplify artificial intelligence (AI) at the edge for machine vision. The integrated solution offers an Amazon Sagemaker-built machine learning model optimized by and deployed with the Intel Distribution of OpenVINO toolkit, the ADLINK Edge software suite, and certification on AWS Greengrass.
The major manufacturers in this industry include: Microsoft Corporation, SAP SE, Sas Institute Inc., Amazon Web Services, Inc., Bigml, Inc., Google Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development Lp, and Intel Corporation
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Frequently Asked Questions (FAQ) :
Is Machine Learning Market Booming In Near Future?
Yes, Market Will Boom In Near Future
Which are the prominent Machine Learning market players across the globe? Can i Add Specific Company?
Yes, You can add Specific Company upto 3 Companies.
Companies Covered as part of this study include: Microsoft Corporation, SAP SE, Sas Institute Inc., Amazon Web Services, Inc., Bigml, Inc., Google Inc., Fair Isaac Corporation, Hewlett Packard Enterprise Development Lp, and Intel Corporation,
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Which Geographic Segmentation Covered In The Market Report?
- North America
- Asia Pacific
- Latin America
- Middle East
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