Incremental Improvements

Since there are lot of confusions among us as in which model will be used for which analysis. So inorder to clarify that I have listed all four models and its applications. Descriptive - What happened - Mean , Median, Variance, SD Diagnostic -   Why it happened- Covariance and correlation Predictive -    What can happen - Logical regression and Time series analysis Prescriptive - How to make it happen - Deterministic(Optimal algos) and Stochaistic (Monte carlo simulator & Decision trees)

Life 3.0 - Today I have read about storage and computation and how it has grown over years. One interesting concept is how computers would evolve in the future illustrating through the below image. It shows the water level i.e computer in the competence landscape increase which prove that AI could do all our jobs in future. It also states that any device which has information and computation power can achieve all complex goals , so it proves by acquiring the ability AI could become powerful i n future.