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Since the performance of your ML model is as good as the data that trains it, understanding the tools used for annotating this data becomes especially important. These tools determine the quality of the data and can have implications on the success or failure of your model. Plus, with the advent of commercial tools in…

Predictive analytics is the use of algorithms on existing data sets to predict future trends or outcomes. In part 1 of this article, we learned what predictive analytics is and how it is revolutionizing the e-commerce industry by improving conversions of online sales. We also saw various use cases wherein we can apply predictive analytics technology to…

Predictive analytics has been around for decades, but its practical applications have only begun to reach the limelight. Predictive analytics is used to extract information from existing data sets to make precise predictions of future events using the sciences of advanced analytics. The main techniques used are artificial intelligence are machine learning, data mining, statistical…