AI Definitions: Predictive Analytics — Goforth Solutions, LLC

AI Definitions: Predictive Analytics — Goforth Solutions, LLC

Predictive analytics - This method of speculating about future events uses past data to make recommendations. Researchers create complex mathematical algorithms in an effort to discover patterns in the data. One doesn't know in advance what data is important. The statistical models created by predictive analytics are designed to discover which of the pieces of data will predict the desired outcome. While correlation is not causation, a cause-and…

Scaling Quality and Supply Chain Visibility with Predictive Analytics

As manufacturers navigate new product complexities, increasing prices and global supply chains, predictive analytics will be a staple of resilient, market-leading operations.