Predictive analytics seems to be everywhere-do you think it’s truly reliable for decision-making, or is it still in the experimental phase?
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Predictive Analytics-Prime Time?
- Thread starter precious
- Start date
I'm not qualified to say whether it's reliable or not for decision-making, however, I have to believe it gives support to any decision that is made. Down the road, the decision maker(s) can always fall back on what the predictive analysis forecasted, should things turnout to be 180 degrees in the opposite direction!
That's True!.......Thanks for your insights-if it goes completely wrong, you can always blame the algorithm!
It's the old CYA philosophyThat's True!.......Thanks for your insights-if it goes completely wrong, you can always blame the algorithm!
Exactly!...As we need some more algorithmsIt's the old CYA philosophy
Predictive analytics is definitely a mature field (many many decades) and commonly used across most industries today
What's exciting is how advancements in AI and machine learning are pushing the boundaries even further, making predictions more accurate and accessible..... How do you see these developments shaping the future of predictive analytics in your field?Predictive analytics is definitely a mature field (many many decades) and commonly used across most industries today
I totally agree with Jason - predictive analytics far beyond a question whether to use to - it was used - now what? If you want elaboration check out and Algorithms to Live by and watch the movie Minority Report - its a lot closer to reality than most people realize: