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

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…
Multi-Agent Systems are AI systems where multiple autonomous agents interact and collaborate to accomplish a goal. These agents can be software programs, robots, or…
Robotics Process Automation is an AI technology that automates repetitive and routine tasks in business processes. RPA involves using software robots to emulate human…