Advanced Predictive Analytics: Centuries Old, But Essential To Ensuring Safe And Intelligent Operation Of Complex Engineered Systems

Predictive analytics is a branch of advanced analytics that uses past events and probability to make predictions about future events. It has a long history and is now an indispensable tool in engineering complex systems. Applications include system simulation, design optimization, and risk control. Methods include traditional statistical and probabilistic techniques, as well as more advanced data analytics like machine learning and AI.