Vtiger’s Predictive AI Designe a powerful feature that enables . Businesses to analyze historical data in their CRM and predict future outcomes.
By leveraging predictive AI, organizations can:
Forecast Type
Forecasting can generally be divided into two main types. Categorical forecasting and continuous variable forecasting. Each type has a different purpose and uses a different approach.
- Classification prediction
- Continuous variable prediction
A continuous variable prediction is one that predicts a number that has many different values. This approach is useful when the results are not just a 5 signs your inventory control isn’t ready for black friday set of specific categories. But fall anywhere on a continuous range. Here are some examples:
- Estimate when a specific task will be completed. (Date and Time)
- Decide on the best candidate for sales deal based on various metrics. (rating or rating)
- Identify the best individual to handle the lead based on performance data. (rating or rating)
Benefits of Using Predictive AI Designer
Predictive AI designers have several advantages. It enhances your ability to create effective predictive models tailored to your specific business needs. Here are the main benefits:
- User-friendly custom models
- No technical expertise required: You can build and train models without extensive technical knowledge, making them accessible to uk data a wide range of business users.
- Rapid model creation: The platform allows you to create models tailored to your specific business needs in just a few clicks. This is particularly useful for tasks like predicting lead conversions.