Big data is a term that describes the large volume of data – both structured and unstructured – that inundates a business on a day-to-day basis. But it’s not the amount of data that’s important. It’s what organizations do with the data that matters. Big data can be analyzed for insights that lead to better decisions and strategic business moves.
Machine Learning (ML) is a category of algorithm that allows software applications to become more accurate in predicting outcomes without being explicitly programmed. The basic premise of machine learning is to build algorithms that can receive input data and use statistical analysis to predict an output while updating outputs as new data becomes available.
Deep Learning differs from traditional machine learning techniques in that they can automatically learn representations from data such as images, video or text, without introducing hand-coded rules or human domain knowledge. Their highly flexible architectures can learn directly from raw data and can increase their predictive accuracy when provided with more data.
An intelligent agent is a program that can make decisions or perform a service based on its environment, user input and experiences. These programs can be used to autonomously gather information on a regular, programmed schedule or when prompted by the user in real time. Intelligent agents may also be referred to as a bot, which is short for robot.