Archives for prediction

03 May

5 real-world use cases of the Markov chains

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Markov chains are a stochastic model that represents a succession of probable events, with predictions or probabilities for the next state based purely on the prior event state, rather than the states before. It is "Memoryless" due to this characteristic of the Markov Chain.
09 Jul

Data Analytics Has Changed The Way You’re Watching The World Cup & You Don’t Even Know It

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image-5681

We live in a country where a sport re-unites a billion people — from a young child to an adult — everybody is left mesmerised the day our cricketing icon dictates term to the opposition. I was in my college days in a small town of Assam, Jorhat when our country won the historic world…

The post Data Analytics Has Changed The Way You’re Watching The World Cup & You Don’t Even Know It appeared first on Analytics India Magazine.

10 Jan

How Alibaba Is Driving An AI-led Transformation For Macau

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image-1962

AI may not be ascribed to Macau, a former Portuguese territory better known for its architectural wonders and rich cultural heritage. Dubbed as the gambling capital of the world, Macau, close to Hong Kong has not been known for its technological prowess. But the city has taken several initiatives in the field of artificial intelligence,…

The post How Alibaba Is Driving An AI-led Transformation For Macau appeared first on Analytics India Magazine.

03 Jan

Here’s Why Machine Learning Wins Hands Down Against Conventional Programming

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image-1805

Ever since its commencement, machine learning has been on a quest to transform the programming industry, in the most fundamental ways. It has been dubbed as the ‘part of AI that works’. According to PayScale, the average pay for a data scientist, IT with Machine Learning skills is INR 855,503 per year. James Scott, Senior…

The post Here’s Why Machine Learning Wins Hands Down Against Conventional Programming appeared first on Analytics India Magazine.

15 Nov

6 Ways In Which Artificial Intelligence Is Revolutionising The Real Estate Business

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image-886

The business of real estate is much more than just location, location and location. It involves a lot of data about buyers, sellers, their finances and preferences, among many others. It only makes sense to leverage the use of a powerful tool of artificial intelligence to make their work easier. This industry has already been…

The post 6 Ways In Which Artificial Intelligence Is Revolutionising The Real Estate Business appeared first on Analytics India Magazine.

27 Oct

Understanding This Recent AI That Can Predict Alzheimer 5 Years In Advance

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image-658

In India alone, more than 4 million people suffer from some form of dementia. The most prominent of it all is Alzheimer’s, which India has the third highest caseload in the world, after China and the US. Usually targeting people with the age of 60 or 65 years, currently there is no cure to the…

The post Understanding This Recent AI That Can Predict Alzheimer 5 Years In Advance appeared first on Analytics India Magazine.