Ebook: Predictive APIs, a new level to value data
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The value of analytics as a key element in business decision-making is beyond question. Companies have gradually incorporated analytics and the concept of metrics of success into their decision-making processes, although it is something not yet universally extended. Predictive APIs are playing a key role in the new transformation of companies.
Predictive APIs are enabling the accessible use of machine learning. They detect data patterns and assign the probability that a future fact belongs to that particular pattern, and they generate an efficient prediction model.
These APIs enable developers to create models using historic information in financial institutions to detect fraud, in large corporations to control price policies, in electric companies to anticipate demand, etc. There are numerous examples.