My Account
Forward Thinking Logo

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

One-Shot Learning

One-Shot learning is an AI approach that enables models to learn from only one or a few examples. This approach is advantageous in tasks…

Feature Extraction

Feature Extraction refers to the process of identifying and selecting the most relevant features from raw data to enhance AI model performance. By extracting…

Internet of Things (IoT)

The Internet of Things refers to a network of interconnected devices, sensors, and objects that can collect and exchange data. IoT Devices enable the…

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,…
Back to Glossary