Impact of Predictive AI on Various Industries
Just like GenAI, Predictive AI is also another subset of Artificial Intelligence (AI). It uses various statistical strategies and machine learning algorithms to identify patterns and trends in the data. Correspondingly, it predicts future outcomes based on the wide range of available data insights. This is very different from what GenAI does. [Meanwhile, to understand the core difference between them, check out our blog here. ] Now let’s move on to today’s discussion on the impact of Predictive AI. It’s noteworthy that predictive AI’s ability to adapt to the changing demands of various industries makes it a valuable tool for diverse business operations. Consequently, nearly one-quarter of surveyed C-suite executives say they are using predictive AI for a range of purposes, like: Data-Informed Decisions. Optimizing Operations. Risk Identification. And Detecting Early Warnings. Talking of which, allow me to walk you through the details of it. How does ...