Machine Learning And IoT: How It Can Be Beneficial For Businesses?

Machine Learning and IoT (Internet of Things) are the most demanding and trending technologies of the era and today we will discuss them. Also, knowing the correct concept of technology boosts the performance of the business.

As far as Machine Learning and IoT are concerned, they generate business insights, automated responses along with decision-making capabilities. And we all know that these elements play an important role in the business.

In this series, Linearloop helps you to understand both the concepts individually as we are a well know Machine Learning and IoT Company in India and USA. Our team consists of experts having dynamic experience in both technologies.

Hence if you are looking to explore more about IoT and ML (Machine Learning), the blog will play an important role. We have shared the concepts using our practical experiences.

Also by being in the industry for so many years, we are very well aware of the challenges as well.

So let us get started with the two leading technologies of the present scenario. And if any query comes to your mind, feel free to connect with us. Our team is always there to help you.

The concept of Machine Learning came in the year 1959 and Arthur Samuel is behind the foundation of this great technology. Data Science is the field where Machine Learning is broadly used because of its statistical approach.

Machine Learning is the most needed concept of the time. Its market size is 15.66 billion USD.

We know, that machine learning is sub-branch of AI (Artificial Intelligence) which enables systems to be more accurate in generating responses. Do you know how ML works?

The algorithm of Machine Learning uses historical data in order to generate the output. The patterns are thoroughly analyzed so that the prediction could be precise enough.

The concept of machine learning is majorly used to identify criminals, fraud detection, detection of malware threats, etc.

As technology is growing, positive and negative aspects both are getting enriched. On one side things are made easier for people and on the other side, some negative minds try to disturb that easiness with the help of technology.

For example, We all use online money transactions and we know how comfortable it is. Because we do not want to be in a bank queue and waste our time.

But nowadays lots of frauds are reported regarding online money transactions. Hackers take the control of your banking system and transfer entire funds to their own account.

Apart from that, lots of cyber crime takes place. So here comes the role of Machine Learning. It identifies the unusual patterns in the system and generates an alert. Using the response, companies can secure their data and avoid the hack.

Furthermore, with the help of Machine Learning, businesses can anticipate the customers’ behaviour along with business operational patterns. Along with this, they get a better decision-making approach in order to make their business result-driven and customer-oriented.

So the advantages of Machine Learning are:

• Fraud Detection
• Data Pattern Analysis
• Customer Behavior
• Result Prediction
• Powerful Decision-Making Approach
• Object Detection
• Image Classification

Moreover, machine learning experts are in great demand across the industry. And if you are looking to make your career in ML, start focusing on its fundamentals. Also, the salary of Machine Learning experts is quite handsome.

Now, let us move toward the concept of IoT (Internet of Things).

IoT, as the name describes, the concept revolves around the network of physical objects. These objects can be anything including sensors, mobile devices, software, etc. With the help of the concept of IoT, the data is connected and exchanged between objects.

The market size of IoT is 157.9 billion USD and North America is the fastest-growing market for the technology.

Almost on daily basis, we interact with IoT. We all passionately use SMART WATCHES. The smart watches are designed in a way, we can connect it with our phones to get all important notifications. All our calls, music, messages, chats etc are visible on the screen of our smart watch.

Apart from that, IoT plays an important role in Home Securities. Yes, we are talking about SMART CAMERAS that became the necessity of the time.

Like Smart Watches, you can also connect these cameras with your cell phone. All the activities happening in your home or surrounding will be visible on the screen of your phone.

IoT has shown its importance in the field of Motion Detection, Electronics Gadgets Management, Kitchen Appliances and many more.

Seeing these examples, we can say, our life became more secure, smooth and fast with the foundation of IoT. Also, if we say IoT has acquired of our life, we will not be wrong.

In the present time, communication is controlled through IoT. At personal and professional level, everywhere IoT has played an important role.

Whether it is project discussion, project feedback, execution, or payment processing, everything is being taken care of with perfection. The process is saving time and cost for both parties.

So the implementation of IoT for businesses is a must. If you are ignoring such profit-driven technology, it is a big mistake.

The concept of the Internet of Things is the major attention of the 21st century because it has given a new vision to the technology. Even in the kitchen, the appliances are automatically connected and household activities become super easy.

Also, the working ladies are monitoring their kids using the concept of IoT, otherwise who had imagined live video monitoring through CCTV. Likewise, there are millions are examples available that explain the importance of IoT.

As our topic is more inclined towards businesses, IoT has played a major role there as well. IT companies in India are executing large-scale projects for the USA, UK, and other developed nations. Everything is virtually being done.

So the advantages of IoT are as:

• Automated Execution
• Saves Time & Cost
• Secure Transmission of Data
• Fast Interaction
• Result Driven Process

Conclusion

As we have discussed the concept of Machine Learning as well as the Internet of Things (IoT), you must have an idea about the concept of both technologies. Implementing them in business operations will definitely boost the sale and performance of your business.

At Linearloop we have experts in ML and IoT. We are offering the services of IoT and Machine Learning in India and the USA. If you are looking for a service provider for the same, we are your constant service partner. Feel free to connect with us.