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Identify the likelihood of future outcomes based on historical data or train systems to identify anomalies in real time data. Predictive analytics utilises statistical algorithms and machine-learning techniques to go beyond descriptive analytics to drive decisions in enterprise organisations.
Data is everywhere. The volume, variety and velocity of the data is growing all the time. From identifying image data, sound data, transcript data or sensor readings, machine learning and artificial intelligence is disrupting every sector from health to energy, finance to oil & gas.
Machine learning is allowing unfathomable quantities of data to be identified, refined and pattern matched to provide genuinely insightful information from data sets that could never be processed by humans. Freeing up key resource to focus your energy on strategically important and creative work.
"We see mobile, wearable and IoT as crucial to our ability to offer great service to our customers and are excited about the opportunities the Waracle partnership brings."
ScottishPower
UK Digital Director
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Further reading from the Waracle blog