What is Predictive Analytics?

Skill Level:

Predictive Analytics uses historical data and statistical modelling techniques to make predictions about future outcomes. By analysing patterns and trends within data, businesses can gain valuable insights and make informed decisions. Predictive analytics helps organisations optimise operations, anticipate customer behaviour, and drive growth.

Other Definitions

Computer vision is a field of AI that focuses on training machines to understand and interpret images and videos. By analysing visual data, machines…
A Large Language Model refers to a type of advanced Artificial Intelligence model designed to exhibit human-like language understanding and generation abilities. LLMs are…
Federated Learning is a privacy-preserving technique where AI models are trained across multiple decentralised devices or systems without sharing raw data. Instead, only aggregated…
Ensemble Learning involves combining multiple Machine Learning models to achieve superior performance and accuracy. By leveraging the “wisdom of the crowd,” Ensemble Learning mitigates…