As one of the hottest buzzwords these days, Machine learning is becoming so much of a part of what businesses are pursuing this year. By definition, machine learning is any technology that uses algorithms to try to create repeatable results. When we talk about machine learning, we’re talking about machine learning algorithms, no matter what form they may take.

This paper looks to understand some of the context surrounding machine learning and how it can be useful. Read the basics and essential concepts that help define machine learning and its new important role in business as we know it.