Marketing term definitions

Machine learning

🎉 THe fun  definition:

Machine learning is like having a robot butler who gets smarter every time you ask them to fetch your slippers, except instead of slippers, it's data patterns. They're not born smart—they're just shockingly good at spotting trends and making predictions after binge-watching your data for hours on end. So don't worry, they're not about to start telling you how to run your business, they're just here to suggest what might happen if you keep doing it your way.

🤓 THe nerdy  definition:

Machine learning is a subset of artificial intelligence that focuses on the development of algorithms and statistical models enabling computers to perform tasks without explicit instructions. By leveraging vast amounts of data, machine learning systems identify patterns and make data-driven predictions or decisions. These systems continuously improve their performance as they are exposed to new data, employing techniques such as supervised learning, unsupervised learning, and reinforcement learning. In marketing, machine learning can be applied to enhance customer segmentation, personalize customer experiences, optimize pricing strategies, and predict consumer behavior, thereby driving more effective marketing campaigns and sophisticated decision-making processes.

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