Predictive Modeling: The Next Big Thing for ITPA, Intelligent Automation
If you had the power to predict the future, how would you use it? Gartner refers to the predictive modeling process as that which collects data, formulates a statistical model, makes predictions, and then validates the model as additional data becomes available. In the world of intelligent automation, teams use predictive modeling to formulate how future outcomes or behaviors will be, by using historical data, machine learning (ML) algorithms, and analytical techniques.