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

OpenAI is a research organisation dedicated to advancing AI in a safe and beneficial way. They develop cutting-edge AI technology while prioritising ethical considerations…
Variational Autoencoders are a type of generative model used in unsupervised learning. VAEs learn a low-dimensional representation of input data and can generate new…
Autonomous agents are AI systems that can perform actions and make decisions independently, guided by predefined goals or learning processes. Businesses leverage autonomous agents…
The Internet of Things refers to a network of interconnected devices, sensors, and objects that can collect and exchange data. IoT Devices enable the…