Top AI-Enhanced Predictive Analytics Tools for 2024

Nitesh Kumar Published on: 09 Jun 2024, 12:30 pm

Collected at : https://www.analyticsinsight.net/artificial-intelligence/top-ai-enhanced-predictive-analytics-tools-for-2024

In the contemporary environment characterized by an extensive use of data and statistics in decision-making, predictive analytics has become one of the key strategies for organizations in the process of defining their further development. Due to developments in AI and ML, the tools of predictive analytics have evolved to be more robust and effective in helping organizations gain insights from big data. Here, we reveal the powerful AI based predictive analytics tools which might dominate the landscape of data analytics in 2024.

1. IBM Watson Studio

IBM Watson Studio provides our data scientists, developers, and analysts the tools needed to build, run, and manage models and enhance decisions across our IBM Cloud Pak® for Data. Connect teams, standardize AI frameworks, and accelerate time to business impact on a single, open multicloud environment.

A perfect blend of open source tools such as PyTorch, TensorFlow, and scikit-learn with IBM and its ecosystem tools for code and visual data science. Interact with Jupyter notebooks, JupyterLab and CLIs — or in languages such as Python, R and Scala.

2. Google Cloud AI Platform

Google Cloud AI Platform offer a tuned solution that leverages generative AI to rapidly pull out text and abstract big documents. Deploy a preconfigured, web-based tool that instantly employs trained machine learning algorithms to address images and derive image annotations. Launch a ready-made solution with a chat interface which offers questions and answers based on embeddings preserved as vectors.

3. Microsoft Azure Machine Learning

Microsoft Azure Machine Learning is an ML service that enables users to easily design, train and deploy reusable ML models. Azure Machine Learning provides self-service ML and data science tools such as automated ML and insightful analytics that can aid organizations in achieving more and sustaining outcomes-based projects.

4. Databricks Unified Analytics Platform

Azure Databricks is an end-to-end, Apache Spark-based, unified data analytics platform that accelerates the development, deployment, collaboration, and management of data, analytics, and AI solutions for enterprises. Databricks Data Intelligence Platform interacts with cloud storage and security in the cloud account, controls and provisions the cloud infrastructure.

5. SAS Viya

SAS Viya is an innovative, cloud-maximizing in-memory engine that empowers superior, fast, and dependable analysis. SAS Viya for its part features automations such as automated machine learning and natural language processing to help businesses make the best decisions by identifying patterns within their datasets.

All in all, the most promising AI augmented statistical analytics technologies for the year 2024 will redefine predictive analytics and empower organisations to make more intelligent decisions with superior precision and ease than before. These tools and services from IBM, Google, Microsoft, Databrick, and SAS give any business the tools they need to excel and create new competitive advantages as they pull through the era of big data and AI.