Machine learning (ML) is in for a big year in 2018, if new research from consulting firm Deloitte is correct. One of the major predictions of the firm’s 2018 Technology, Media & Telecommunications (TMT) report released this week is that enterprises will likely double their use of ML technology by the end of 2018.
“We have reached the tipping point where adoption of machine learning in the enterprise is poised to accelerate, and will drive improved business operations, better decision making and provide enhanced or entirely new products and services,” said Paul Sallomi, vice chairman of Deloitte.
ML, a core element of artificial intelligence, will progress “at a phenomenal pace,” according to the study. “As impressive as it is today, in 50 years’ time the ML abilities of 2018 will be considered baby steps in the history of this technology,” the report said.