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What is Predictive Analytics?

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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

Knowledge-Based Systems

Knowledge-Based Systems are AI systems that utilise domain-specific knowledge and rules to make informed decisions or provide expert advice. These systems incorporate human expertise…

Viterbi Algorithm

The Viterbi Algorithm is a dynamic programming algorithm used in sequence analysis, such as speech recognition and Natural Language Processing. It finds the most…

Clustering

Clustering in AI refers to the process of grouping similar data points together based on their inherent characteristics or attributes. By identifying patterns or…

Transfer Learning

Transfer Learning is a technique that allows AI models to apply knowledge gained from one task to another related task. By leveraging pre-trained models…
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