Predictive Analytics, Machine Learning, Deep Learning and Artificial Intelligence

With the explosion of Big Data and Analytics there are several related terms that are being used frequently that may not be completely understood. Below are definitions and details for a few of the high profile terms. Predictive Analytics is the practice of extracting information from existing data sets in order to determine patterns and predict future outcomes and trends as defined by Webopedia. Predictive analytics provides probabilities of results not guarantees. Predictive Analytics of one sort or another has been done for decades through tools like SAS and SPSS. There are more contemporary solutions as exemplified by companies like Alpine Data Labs and KNIME.