alright
today we’ll do a deep dive on one of the most powerful thing you can do with AI
which is predictive analysis
also go through a few practical use case of how this can be applied to business
in the most simple term
predictive analysis is where you would use historical data
to make educated guess about the future events
so for companies they will look at past data like sells numbers
customer behavior or even social media trends
to predict what might happen in the future
so they can make more data driven decisions
When you incorporate AI in predictive analysis
you’re taking the whole thing to a next level
and here’s how AI use various machine learning models like decision trees
Nuronetwork and regression model to analyze complex data sets
and identify patterns where the traditional method might miss
deep learning in AI is also very effective for processing un-structure data
such as images text and sequences
and this will enhance the predictive capabilities
in areas like image recognition and natural language processing
AI system can also process data in real time
which allows business to make instant decision and predictions
makes it extremely valuable for things like frud detection or dynamic pricing
when it comes to practical use case for business
you can apply these to inventory management
analyzing and predicting customer purchase behavior
or in manufactureing
you can use predictive analysis to predict when the machine is going to fail
or you can perform maintenance before the things start breaking
of course there are so many more used case across different industries
those are just two of the most common ones
but I hope that’s helpful
and let me know if there’s any more questions peace