12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Predictive analytics is a method of data analysis that enables companies to predict how certain events are likely to develop. It uses various mathematical models to analyze existing data to make predictions. Predictive analytics can be used in many industries, for example, in the financial industry to predict the development of the stock market, or in the retail industry to predict the demand for certain products.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A mathematical model is a mathematical system that mimics a real-world situation. It can use various mathematical techniques such as differential equations, statistics, probability theory, and others to solve complex problems or make predictions. Mathematical models are used in many fields such as finance, economics, ecology, astronomy and meteorology.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
OpenAI is a non-profit AI research organization dedicated to advancing ethical Artificial Intelligence. OpenAI's goal is to research and develop AI technology that helps people make the world a better place. OpenAI publishes research, develops open-source software, offers research grants, and supports researchers and developers. OpenAI also works with industry to develop AI solutions that help people make better decisions.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
GPT-3 (Generative Pre-trained Transformer 3) is a machine learning model developed by OpenAI. It is the largest machine learning model ever constructed and is designed for what is known as "general language processing," which allows machine systems to understand and respond to natural language. By using GPT-3, developers can create machine learning-based applications that support natural language input and output.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Artificial intelligence (AI) is an umbrella term for techniques that enable computer systems to solve a specific task that a human would normally do. AI systems use algorithms to mimic human intelligence by collecting, analyzing, and learning data to solve problems. AI systems can be used in many fields, from robotics to autonomous vehicles to medicine.