Predictive analytics is a type of AI that uses machine learning algorithms to analyze data and make predictions about future events. Business can use predictive analytics to forecast sales, identify trends, and optimize pricing strategies.
Knowledge management is the process of creating, sharing, using, and managing the knowledge and information of an organization. It aims to achieve organizational objectives by capitalizing on the know-how, experience, and judgment of the organization and its stakeholders. Knowledge management can involve information technology or other methods to capture and distribute knowledge.
Fraud detection can be applied to help business protect themselves against financial losses. Machine learning algorithms can be used to analyze transaction data and identify patterns that indicate fraudulent activity.