What is Bayesian Networks?

Skill Level:

Bayesian networks are Probabilistic Graphical Models that represent and evaluate uncertainty and conditional dependencies between variables. Industries such as healthcare and finance use Bayesian Networks to handle complex decision-making, risk assessment, and predictive modelling.

Other Definitions

Human-in-the-loop refers to a collaborative approach where humans and AI systems work together to achieve optimal results. It involves combining human expertise, judgement, and…
Cloud computing provides on-demand access to shared computing resources, including storage, processing power, and software applications, over the internet. By leveraging cloud computing, businesses…
Explainable Artificial Intelligence focuses on developing AI systems that can provide understandable explanations for their decisions and behaviours. Transparent and interpretable AI models are…
Forecasting involves predicting future outcomes or trends based on historical data and patterns. By analysing past data and applying statistical techniques, businesses can make…