Tag: decisions

Machine learning vs Artificial intelligence

Written by Thomas Grubbe Møller on January 3, 2023.

- Machine learning and artificial intelligence (AI) are related, but distinct, fields of study and technology. - Artificial intelligence, on the other hand, is a broader field that encompasses machine learning as well as other approaches to building intelligent systems. - In summary, machine learning is a specific approach to building AI systems that involves training algorithms on data, while AI is a broader field that includes machine learning as well as other approaches to building intelligent systems

Prescriptive Analytics

Written by Thomas Grubbe Møller on January 2, 2023.

A note on Prescriptive Analytics - Prescriptive analytics is a type of data analysis that uses advanced mathematical and computational techniques to generate recommendations for action. - Prescriptive analytics combines data, statistical algorithms, and machine learning techniques to generate insights and recommendations that can help organizations make better decisions. - By providing organizations with specific recommendations for action, prescriptive analytics can help them optimize their operations, reduce costs, and improve performance