How does artificial intelligence predict the future?

Predictive analytics is one of the five artificial intelligence fields. The technology "predicts" future events and helps humans make rational decisions based on the provided data.

How does predictive analytics work?
AI receives and analyses data over the time. A model that identifies key trends is built based on this data. The AI checks against this model and draws conclusions about possible future events.

Predictive analytics is already helping to make balanced decisions, improve business processes and even save lives:
Insurance - it determines how likely an insured case is to occur.
Medicine - assesses the probability of disease developing and helps select the right treatment methods.
Manufacturing - analyses how long the equipment will last before it breaks down.
Bank loans - understands whether the borrower will be able to pay back the debt on time.
Sales - plans the purchase of goods for stock, as well as forecasts consumer demand.
Logistics - calculates delivery times for goods.

DigiU predictive analytics is used in the DigiU.Wealth. We are also researching this area and developing other products based on predictive analytics technology.

Very soon, we will tell you about other artificial intelligence technologies, so that you understand how and where they are applied and stay familiar with the trends. Follow the news!

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