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Home > Brand Media News > Why Data Analytics and Machine Learning Is Gaining Hype in 2022

Why Data Analytics and Machine Learning Is Gaining Hype in 2022?

Updated on: 17 January,2022 03:51 PM IST  |  Mumbai
BrandMedia | brandmedia@mid-day.com

One must have heard about the new-age technologies like data analytics and ML (Machine Learning).

Why Data Analytics and Machine Learning Is Gaining Hype in 2022?

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These two technologies are now more than just a new-age concept. One can find applications of data analytics and machine learning in almost every industry sector. Many young enthusiasts are relying on data analytics courses because they realise that it is the future. Are you planning to join an ML/data analytics course? Continue reading to know why ML and data analytics are gaining hype and which learning course to join. 


 


Understanding data analytics and ML


Data is everywhere around us and, when the size of data increases, it required inspection and cleaning. If data is never inspected/analysed, one could never deduce insights and key takeaways. With high-end data analytics, business organisations can determine key information about their marketing strategies, customers, etc. Decision making in the industry is highly influenced by the results obtained after data analysis. From business analytics to business forecasting, several processes require high-end data analytics. 

ML is also being used widely in the industry for several purposes. ML algorithms are used by business organisations to automate several mundane tasks. With data, ML algorithms learn over time and make decisions themselves without human intervention. Some common applications of ML algorithms in the industry are email filtering, image recognition, market forecasting, bookkeeping, etc. Over the years, new-age technologies like AI and ML have helped business organisations to boost their overall productivity. 

 

Why are data analytics and ML gaining popularity?

Data analytics and ML have many applications for business organisations at present. As more and more business organisations are accelerating towards digitisation and hyper-automation, ML and data analytics are gaining popularity. To understand why data analytics and ML are gaining hype, you should know about some popular applications. Some popular industry applications of ML and data analytics are listed below:

 

  • Banks and financial institutions heavily rely on data analytics to find out fraudulent transactions and money laundering activities. The top banks rely on smart ML algorithms to trace the source of any transaction. Modern-day fraud activities are complex and cannot be determined by human effort. It is why ML algorithms analyse the transaction data to find out any anomaly. 

 

  • Cab providers heavily rely on advanced data analytics to optimise cab routes and fares for their customers. Whenever a customer enters their destination, the fare gets calculated automatically with the use of smart AI/ML algorithms. 

 

  • By analysing patient data over a course, medical experts are determining the underlying cause of symptoms in any patient. Data analytics helps patients and medical examiners to treat the underlying disease proactively. 

 

  • Many logistics professionals go for a machine learning certificationcourse. It is because they have understood how smart ML algorithms can lower the overall cost. With high-end data analytics and smart algorithms, you can optimise delivery routes, store space management, inventory management, etc. 

 

  • Many e-commerce professionals rely on machine learning certificationcourses to learn more. It is because they can make product recommendations based on user preferences with ML algorithms. 

 

How to learn ML and data analytics in 2022?

Even before 2022 arrived, new variants of the coronavirus emerged across the globe. In these scenarios, it is better to go for a data analytics course with placement provided by an EdTech platform. Imarticus Learning is a well-known EdTech major that offers a data analytics course with placement. By choosing the PGA program of Imarticus, one can learn industry skills and become a successful data analyst. You will receive placement support by choosing the PGA course and can kickstart your career in 2022. Start your PGA course right away!

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