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

Clustering in AI refers to the process of grouping similar data points together based on their inherent characteristics or attributes. By identifying patterns or…
ChatOps combines chat platforms and AI technologies to facilitate collaboration and automate tasks within teams. By integrating AI-powered chatbots and communication tools, businesses can…
Knowledge Graphs are a structured representation of knowledge that captures relationships between entities. They organise information in a way that allows machines to understand…
Modular Neural Networks are AI models composed of smaller interconnected modules, each responsible for a specific sub-task or component. These modular architectures allow for…