What Every Manager Should Know About Machine Learning

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Perhaps you heard recently about a new algorithm that can drive a car? Or invent a recipe? Or scan a picture and find your face in a crowd? It seems as though every week companies are finding new uses for algorithms that adapt as they encounter new data. Last year Wired quoted an ex-Google employee as saying that “Everything in the company is really driven by machine learning.”

Machine learning has tremendous potential to transform companies, but in practice it’s mostly far more mundane than robot drivers and chefs. Think of it simply as a branch of statistics, designed for a world of big data. Executives who want to get the most out of their companies’ data should understand what it is, what it can do, and what to watch out for when using it. [Read More]