3 Ways Machine Learning Can Help Entrepreneurs

July 11, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Until a decade or so ago, artificial intelligence was — for most Americans — something that existed only in the movies. Now, Alexa and Google Home have moved into numerous households and live only to please. According to many reports, 2019 will be the year of AI. A recent McKinsey Global survey found that 47 percent of companies have implemented at least one AI capability into their business processes, more than doubling the 20 percent that reported using AI the previous year. Artificial intelligence can be the difference maker in an entrepreneur’s business, providing everything from customer support to automated supervision of assembly lines. AI never takes a break, never clocks out, never takes a day off. Still, the common belief that artificial intelligence will cheat people out of jobs or make some positions obsolete may be […]

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Three Players You Need in Your Affiliate Marketing Corner as a Brand

For two summers I delivered bags of ice to gas stations, grocery store, and liquor stores. It was sweaty, tough work. But what kept me hustling was the compensation model. I was paid on commission. The more ice I moved, the better my day’s earnings. Back then, $18 an hour was gold for a college student. Compensation tied to measurable results is good for both business owner and employee. It means the employee is going to be more productive and it gives the employee more ownership. This is why affiliate marketing is one of the best tools brands can use to drive ROI. You’re not forking over money and hoping it pays off. You’re paying commensurate to results. But to be successful with affiliate marketing, you need a great team behind you. Here’s who you need in your corner to make it work for you. 1. A Scalable Network or […]

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Launch a Career as a Data Scientist for Less Than $50

Take a deep dive into machine learning and data analysis across eight courses and 48 hours of content. February 11, 2019 2 min read Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Data scientist just topped Glassdoor’s list of the 50 Best Jobs in America for the fourth year in a row, with entry-, mid-, and senior-level jobs alike offering competitive salaries. And with virtually every industry in need of professionals who can crunch customers’ data — not to mention ongoing innovations in the field of machine learning — demand for data scientists has increased almost 30 percent year over year, according to an analysis by the job sites Indeed and Dice. Pretty cool indeed. For a limited time, Entrepreneur readers […]

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How Machine Learning Can Create a More Meritocratic, Less Biased Job Market

Machine learning-based hiring corrects a traditional process that has prioritized status over skills and background over ability. November 9, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. The traditional hiring process is failing candidates, companies and recruiters. It revolves around human interpretation of complex data that is too susceptible to prejudices and mental shortcuts. Related: Artificial Intelligence Is Likely to Make a Career in Finance, Medicine or Law a Lot Less Lucrative A hiring process assisted by machine learning could eliminate systemic biases that put social status over skill. However, in recent news, algorithms have failed at that task. A resume screening algorithm developed at Amazon became biased against female applicants. Another such algorithm favored candidates named Jared who played lacrosse. If we apply machine learning to resumes — the same data source used by humans in the hiring process today — we will perpetuate biases. […]

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The No-Collar Workforce: What’s Next for Man and Machine?

“In a properly automated and educated world, then, machines may prove to be the true humanizing influence. It may be that machines will do the work that makes life possible and that human beings will do all the other things that make life pleasant and worthwhile ”  -Issac Asimov I’m obsessed with the idea of AI world domination. And not because I’m afraid our machines will decide to subjugate us, but because our machines will free up so much of our time. But this all depends on how we decide to proceed. I am an optimist even though I often write fiction that features machines gone rogue. My stories are about the consequences should we decide to treat AI and sentient machines as objects. I think it was Heinlein who proposed that a sentient machine would go mad if we simply put it in a box and gave it no […]

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Prepare Now or Perish: 5 Fascinating Jobs of the Future

During the late 19th and early 20th centuries, the buggy industry went through a crisis. A new invention was about to take the jobs of hundreds of thousands of craftsmen and parts manufacturers. And the horse breeding industry was about to take a hit as well. It was the end of the Industrial Revolution. Machines continually replaced both skilled and unskilled laborers. The car was about to do it again. Protests happened, but the juggernaut could not be stopped. While it took 50 years to completely displace the horse and buggy, it happened. But the advent of the car created a whole slew of new jobs from mechanics to body repairmen to car electricians. We’re in the midst of a similar revolution. Automation is disassembling jobs. Even writers could find themselves out of a job someday because of AI and machine learning. But with such change comes new things. New […]

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5 Strategies From Top Firms on How to Use Machine Learning

With machine learning making disruptive innovation easier than ever before, it’s up to entrepreneurs to show the big kids how it’s done. March 24, 2018 6 min read Opinions expressed by Entrepreneur contributors are their own. Machine learning is headed for a major growth spurt. After ticking past the $1 billion mark in 2016, the machine learning market is expected to hit $39.98 billion by 2025, according to a new report by Research and Markets.  Where will all that growth come from? Everywhere! Machine learning was born in 1959, coined by computer scientist Arthur Samuel — but only recently has the larger business community come to understand its value. In the next few years, it will be adopted by everyone from Fortune 500 firms to mom-and-pop shops. Of course, the first challenge of machine learning is identifying a use case. Not sure where to start? To make the most of this explosive technology, […]

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