Management consultant firm McKinsey’s latest report has outlined how various industries are integrating machine learning into their operations. Sectors such as energy, manufacturing, automotive, media and transport and logistics are using data capture and analytics to improve efficiency, utilising real-time optimisation, predictive analytics, forecasting and processing of unstructured data to streamline business operations. McKinsey lists enabling autonomous vehicles and offering more personalised advertising as the 136 “highest opportunity” use cases for machine learning. However it also notes a lack of talent as a major barrier across many sectors.
Management consultant firm McKinsey’s latest report has outlined how various industries are integrating machine learning into their operations. Sectors such as energy, manufacturing, automotive, media and transport and logistics are using data capture and analytics to improve efficiency, utilising real-time optimisation, predictive analytics, forecasting and processing of unstructured data to streamline business operations. McKinsey lists enabling autonomous vehicles and offering more personalised advertising as the two “highest opportunity” use cases for machine learning. However it also notes a lack of talent as a major barrier across many sectors.