What are some examples of artificial intelligence used in predictive analytics?
Artificial intelligence powers predictive analytics by using algorithms to analyze historical data and forecast future trends or outcomes. For example, AI helps retailers predict customer buying patterns to optimize inventory and offer personalized recommendations. In finance, it assesses credit risks, detects fraud, and predicts market trends. Healthcare utilizes AI to forecast disease risks, enabling early diagnosis and personalized treatment. AI also enhances supply chain efficiency by predicting demand and managing logistics. Even weather forecasting benefits from AI's ability to process vast datasets for more accurate predictions. These applications showcase how AI drives smarter, data-informed decision-making across industries.