Evolving Business Systems in the Era of Machine Learning

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.

Authors

Publication Details

Journal
International Journal For Multidisciplinary Research
Published
2024-10-25
DOI
https://doi.org/10.36948/ijfmr.2024.v06i05.29016
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
0.00
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article

Evolving Business Systems in the Era of Machine Learning

Tarun Teja Reddy Palyam -
International Journal For Multidisciplinary Research
Big Data and Business Intelligence
article

Evolving Business Systems in the Era of Machine Learning

Tarun Teja Reddy Palyam -
article en

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.

International Journal For Multidisciplinary ResearchVol. 6(5)
Industry, innovation and infrastructure
Openalex Percentile: Top 71%
Big Data and Business Intelligence
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