Amazon.com, Inc. (NASDAQ:AMZN) has announced that it will start selling a Cloud-based prediction system to the Enterprise and business customers to help them take the best and optimal decisions. This new system is called Amazon.com, Inc. (NASDAQ:AMZN) Machine learning. This system is the same solution which is used by Amazon.com, Inc. (NASDAQ:AMZN) itself before the launch of any product or service, claimed an article in the New York Times. The latest step by the commerce giant is to tackle Microsoft Corporation (NASDAQ:MSFT), which is famous for its efficient prediction system. Microsoft Corporation (NASDAQ:MSFT) also gives this prediction utility with its Cloud for business Azure suite for the Enterprise.
The source mentioned that a lot of major companies are developing Cloud-based predictive algorithms that could help the individuals and company in their decision-making processes. The systems of Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT) are giving the predictive features in a very cheap price. This is a bad news for SaaS companies and IBM which are spending billions in the Cloud based solutions for business that could help in efficient solution finding.
In the development process of the latest Amazon.com, Inc. (NASDAQ:AMZN) machine learning system, the company put two engineers to manually identify the gender of a person. The success rate was 92% but it took no less than 45 days to solve the problem. Amazon.com, Inc. (NASDAQ:AMZN) prediction system solved the problem just in 20 minutes. Microsoft Corporation (NASDAQ:MSFT) and Amazon systems can be leveraged and scaled for making crucial decisions in planning, development, infrastructure and industry.
As of 30 June 2014, Ken Fisher’s Fisher Asset Management hold around 17.7 million Microsoft Corporation (NASDAQ:MSFT) shares.
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