Predictive Analytics and the Role of ChatGPT in Improving Efficiency and Decision-making

Predictive analytics is a powerful tool that utilizes historical data, big data, statistical modeling, data mining techniques, and machine learning to make predictions about future outcomes. This technology is being widely utilized in sectors like banking, healthcare, marketing and sales, human resources, and supply chain management to identify risks and opportunities.

In the banking industry, predictive analytics plays a crucial role in assessing credit risk and detecting fraud, leading to improved customer experiences and new business opportunities. In healthcare, it provides valuable…