Machine Learning
Short Definition
A subset of Artificial Intelligence that enables systems to automatically learn and improve from experience without being explicitly programmed.
Context
Extended Definition
Machine Learning refers to a collection of algorithms and statistical methods that allow computers to recognize patterns, adapt to new information, and make predictions or classifications without human intervention.
In ML, models are trained on historical data to detect relationships and optimize future outcomes. Common techniques include decision trees, neural networks, clustering, and regression analysis.
Within management and marketing, ML enables real-time personalization, demand forecasting, churn prediction, and dynamic pricing. It bridges data science and decision-making, transforming intuition-driven strategies into measurable, adaptive systems.
Recent advances—especially deep learning—have extended ML’s reach to complex domains such as image recognition, natural language understanding, and generative content creation.
Contemporary Example
See also
Part of chapter: Glossary