Artificial Intelligence and Machine Learning with R

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Artificial Intelligence and Machine Learning with R

Applications in the Field of Business Analytics

Economics, Finance, Business and Management Business mathematics and systems Probability and statistics Artificial intelligence Machine learning

Author: Bernd Heesen

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Collection: Business and Management

Language: English

Published by: Springer

Published on: 18th September 2024

Format: LCP-protected ePub

ISBN: 9783658453923


In a VUCA world

In a VUCA world, which is becoming increasingly volatile, uncertain, and complex, companies, organizations, and states must respond promptly and adequately to the respective situations. Making decisions based on past experiences is less successful in these times than having an accurate understanding of current conditions. The importance of empirical sciences, continuous environmental observation, timely analysis of causal relationships, and deriving new insights from them is increasing. From this, it can be deduced which measures are likely to achieve one''s goals with predictable probability, such as which price for an offer generates the desired demand or which marketing measure reaches the desired target group.

Modern Data Analysis Tools

Where classical statistics were once used for calculations and predictions, today free (open source) tools like R allow data in various formats and from any number of sources to be read in, processed, and analyzed using methods of Artificial Intelligence and Machine Learning. The results can then be perfectly visualized so that decision-makers can benefit quickly and effectively.

The Age of Data Science

The age of Data Science has arrived. Digitalization is more than a buzzword or a promise; it is actionable and usable for everyone.

About the Book

This book teaches you, based on the latest version of R at the time of publication, how to use Artificial Intelligence and Machine Learning in Industry 4.0.

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