How Predictive, Prescriptive, and Generative AI are Shaping the World
The Artificial Intelligence Revolution is changing the modern face of doing business globally. Among its leading technologies are predictive, prescriptive, and generative AI, which transform processes, decision-making, and creativity. In this article, we'll explore how these three forms of AI are reshaping the world and impacting various sectors. Predictive AI: Powering Insights and Forecasting Predictive AI uses machine learning algorithms to analyze past trends and predict future outcomes. It's highly valuable in industries such as finance, healthcare, and retail, as it improves decision-making and resource allocation through accurate forecasts. Businesses use predictive AI to anticipate customer behavior, optimize supply chains, and mitigate risks by understanding future trends. In healthcare, predictive AI analyzes patient data to forecast disease outbreaks, predict patient needs, and identify high-risk groups that require immediate intervention. In finance, it helps identify market trends, detect fraud, and forecast economic conditions. Prescriptive AI: Guiding the Best Decisions While predictive AI focuses on forecasting, prescriptive