I think it's more accurate if you replace it with "statistical analysis" instead. The computers are just computing very complex equations with your data as an input, but technically you could try doing it by hand.

That was actually how my stats prof made us learn all of the analyses, she thought if you can't do it by hand you won't understand what the computer is doing either. I found that to be really useful for just about every statistical technique I have used.

From the most recent a16z podcast featuring Ray Dalio, "Machine learning is merely finding the statistically best use (conclusion?) of the data."