What are the applications of predictive analytics?
An example of an AI chatbot conversation about applications of predictive analytics.
What are the applications of predictive analytics?
Predictive analytics is used in various fields like healthcare, finance, marketing, and supply chain management.
Can you give me an example of how it's used in healthcare?
In healthcare, predictive analytics can forecast patient admissions, helping hospitals manage resources more effectively.
What about its use in marketing?
In marketing, it helps businesses analyze customer behavior to tailor campaigns and improve customer engagement.
Are there any risks associated with predictive analytics?
Yes, risks include data privacy concerns and the potential for biased algorithms affecting decision-making.
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