Machine Learning Times
Machine Learning Times
Podcast: Four Things the Machine Learning Industry Must Learn from Self-Driving Cars
    Welcome to the next episode of The Machine...
A Refresher on Continuous Versus Discrete Input Variables
 How many times have I heard that the most...
Podcast: Why Deep Learning Could Expedite the Next AI Winter
  Welcome to the next episode of The Machine Learning...
PAW Preview Video: Evan Wimpey, Director of Strategic Analytics at Elder Research
 In anticipation of his upcoming presentation at Deep Learning...

6 years ago
Predictive Analytics vs. Prescriptive Analytics

 We have all heard and seen the diagrams that relate to the evolution of analytics within the marketplace. Listed below is one such diagram which is probably familiar to most of you The above diagram represents this evolution as encompassing 4 stages (Descriptive Analytics, Diagnostics Analytics, Predictive Analytics, and Prescriptive Analytics). Much of the literature attempts to discuss the proportion of companies that are within each stage. Not surprisingly, most companies are still not at the normative stage of predictive analytics(well under 50%). By normative, I mean that the discipline of predictive analytics has become a critical business

This content is restricted to site members. If you are an existing user, please log in on the right (desktop) or below (mobile). If not, register today and gain free access to original content and industry news. See the details here.

Comments are closed.