Smarter Decisions – The Intersection of Internet of Things and Decision Science

Chapter 5. Enhancing Predictive Analytics with Machine Learning for IoT

The predictive stack for analytics is an extremely wide and varied domain. Many ambiguous buzz words and disciplines can be associated with this field. Statistical modeling, machine learning, artificial intelligence, neural networks, deep learning, cognitive computing, and the list goes on. The variety of definitions available for each of these disciplines makes it difficult to articulate the similarities and differences between them. Our initial exercises were aligned towards statistical modeling; we will now focus more on machine learning. The difference between the two is mainly the school that they originate from. Statistical modeling comes from the mathematical school ...