A recent survey by MIT Sloan has shown that less than a third (23 per cent) of businesses have adopted any level of machine learning automation, and of those who have, only five percent are using it extensively. “Machine learning is still something people are talking about, rather than using in any great numbers,” highlights Dorian Selz, Squirro CEO
“Machine learning is still something people are talking about, rather than using in any great numbers,” highlights Dorian Selz, Squirro CEO. “A lot of hype surrounds machine learning and AI but it’s still very early days so it’s mostly been embraced by early adopters and innovators. But the potential is astonishing and as soon as organisations see the sizeable and tangible benefits it can bring, it will be deployed in far greater numbers.” However, things already look to be changing, with sectors such as cybersecurity, healthcare, retail and oil and gas pushing ahead with implementations. Analyst firm Forrester has also noted that the percentage of organisations using machine and deep learning had a steep increase from 2016 to 2017.