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

Neuroevolution is a type of AI learning that combines neural networks and evolutionary algorithms. Neuroevolution algorithms evolve neural networks over generations, adapting them to…
Artificial Intelligence refers to computer systems designed to simulate human intelligence. With AI, machines can accomplish tasks that typically require human cognition, such as…
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…
Machine Vision refers to the use of AI and computer vision techniques to enable machines to perceive and understand visual information. It involves analysing…