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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

Human-in-the-Loop

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…

Instance-Based Learning

Instance-Based Learning is an AI approach where models make predictions based on similarity to previously seen examples. Instead of generalising from a predefined set…

ChatGPT

ChatGPT is an AI model developed by OpenAI that excels in generating human-like text-based responses. Powered by advanced language models and deep learning techniques,…

Speech Recognition

Speech Recognition enables machines to understand and interpret spoken words. By applying natural language processing techniques and AI models, businesses can develop speech recognition…
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