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Evolving Business Systems in the Era of Machine Learning

Year: 2024
Type: article
Abstract: This comprehensive article explores the transformative impact of machine learning (ML) on modern business systems across various industries. It examines the rapid growth of ML adoption, its key applications in areas such as insurance, fraud detection, and e-commerce, and the significant improvements in efficiency and decision-making it enables. The document also delves into the synergistic benefits of combining advanced modeling techniques like Kinray Weblink with Agile methodologies, and the crucial role of visualization tools such as Microsoft Visio in enhancing business process management. Through a wealth of statistical data and industry examples, this analysis demonstrates how ML and associated technologies fundamentally reshape business operations, drive innovation, and create substantial economic value.
Language: English
Open Access status: hybrid
OpenAlex ID: W4403862687
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