From the course: Foundations of AI and Machine Learning for Java Developers
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Predictive AI vs. generative AI - Java Tutorial
From the course: Foundations of AI and Machine Learning for Java Developers
Predictive AI vs. generative AI
- Okay, let's drill down a bit on predictive AI versus generative AI. Predictive AI deals with forecasting using structured data. Now, what exactly is structured data? Structured data is data arranged in predictable defined formats. It might be in a series of labeled files, it might be in a spreadsheet, or a relational database with tables, rows, and columns. So, basically, data that has a set scheme or format. Predictive AI deals with structured data, whether it's for recommendation systems or classification, doing business analysis, or fraud detection or predictive maintenance. An example of predictive AI is weather prediction. You're forecasting information based upon weather information that is structured data from the past. Predictive AI has been used for many years in financial markets, certainly investment banking where I have some experience. For many years, it has used historical stock or bond prices to predict future movement. Predictive AI can be used for spam control…
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