As companies increasingly adopt Internet of Things (IoT)-based technologies, more businesses are leveraging machine learning technologies for data analytics, according to ABI Research.

With major cloud-infrastructure providers such as Amazon, Google, IBM and Microsoft heavily investing in the technologies, ABI estimates machine learning-based data analytics tools and services revenues to hit nearly $20 billion in 2021 as machine-learning-as-a-service (MlaaS) models take off.

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