Page 14 - Ai Robogenius

STATISTICAL DATA

AI examines large sets of numbers or data, identifies
patterns and aids in making informed decisions.
Statistical data are used in everyday life for decision-
making, predictions and understanding trends. From
weather forecasting to sports analytics, statistics
provide valuable insights into various aspects of our
lives. It can help us with budgeting by analysing our
past spending habits.
Applications of Statistical Data

Statistical data can be used for the following applications:

Online shopping
AI is used in product recommendations on e-commerce platforms
like Amazon or Flipkart. These recommendations are based on
users' browsing and purchase history. By analysing this data,
AI can predict what other products a user may be interested in,
enhancing the shopping experience.

Banking and finance

AI plays a critical role in fraud detection by monitoring
transactions in real-time. Suspicious activities or anomalies
trigger fraud alerts, helping prevent unauthorised transactions
and financial losses.

Health monitoring

AI is also used in fitness apps (like Fitbit or Apple Health) that
track users' steps, heart rate and other health metrics. These
apps use AI to analyse the data and provide personalised
health insights, helping users monitor their fitness levels and
make healthier decisions.

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