What technology uses algorithms to analyze and predict consumer behavior? 🔊
The technology that uses algorithms to analyze and predict consumer behavior is known as machine learning. This subset of artificial intelligence employs statistical techniques to enable systems to learn from data and make predictions based on patterns recognized within that data. Machine learning models can be trained to assess various factors affecting consumer decisions, thus providing insights that drive marketing strategies, product recommendations, and personalized experiences. By leveraging vast amounts of data, businesses can optimize their operations and enhance customer engagement effectively.
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