Machine Learning for Smaller Firms: Challenges and Opportunities

Machine Learning (ML), plays an important role in aiding organisations to plan and co-ordinate their respective business activities. To this effect, there must be a fair level of computational power for ensuring that these organisations can make decisions based on data collated and evaluated. However, the smaller the firm, there can be arguments in support of a limited grasp of the associated technology and underpinning mathematics that must be examined for potentially harnessing the untapped knowledge that may exist in these types of organisations. This paper will evaluate the concept of a small firm and depict some ways in which machine learning and its counterpart approaches can be used in ensuring that these organisations can remain viable and competitive.