Learning systems are driving many business and research processes today. There are really three analytics models: descriptive, predictive and prescriptive. Through descriptive analytics we analyze history and use patterns to describe what happened. Predictive analytics takes the models that would be informative in descriptive analytics and try to predict what might happen in the future to give guidance, information, and insights into data and systems. More recently, there has been an evolution called deep learning and prescriptive analytics allow systems to generate actionable insights and recommendations for action based on what may happen in the future. We can continue to train these systems by feeding them more data. Through this, their predictions and recommendations become better with the more data in the system.
Machine Learning and Artificial Intelligence (AI) can take your business to the next level. You have large data sets with hidden insights waiting to be leveraged to drive more revenue and reduce expenses.
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