White Paper: Using Artificial Intelligence, Machine Learning and Predictive Analytics in Decision Making

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White Paper published this week: Using Artificial Intelligence, Machine Learning and Predictive Analytics in Decision Making 

The world is becoming increasingly dependent on technology, cell phones,
and other hand-held devices that put the entirety of the internet in the
hands of users. Streaming services provide users with real-time up-to-date
recommendations on television shows, YouTube clips, movies, and news
stories. These examples illustrate a phenomenon called big data. IBM, a
company that has explored this phenomenon, suggested that 2.5 quintillion
bytes of data are created every day, with over 90 percent of today’s data created
within the last two years.

Big data is being heralded as the next significant “tech disruption” since the internet and digital economy.1 As dependence on technology has increased, advancements in computing technology that aids in decision-making processes has also increased. Therefore, it is crucial to understand terms like, big data, machine learning, and predictive analytics particularly as systems continue to rely on and exploit data in the decision-making process.

Read more here: www.ficw.fsu.edu 

 

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