Machine learning has showed tremendous potential to transform companies from inside out. Everyday new algorithms are coming up that are being used to encounter data and tackle new problems. On the other hand, a closer look at machine learning reveals it to be nothing more than a branch of statistics for a world of big data. Business executives with a thorough understanding of machine learning have the ability to reach efficient business outcomes. In this age of data, firms have to work with large scale data. Both advanced software and hardware is needed to manage, analyze and store it. Herein lies the applicability of machine learning. To know more, please follow: http://www.dataversity.net/what-business-execs-need-to-know-about-machine-learning/