Simulation

Concept and definition

Simulation

What is Simulation?

Simulation is a computational process that mimics the behaviour of an often complex system or process using a mathematical or statistical model. In the context of artificial intelligence and machine learning, simulation can be used to train and validate machine learning models in controlled situations before applying them in the real world. Simulation can also be useful for modelling and simulating the behaviour of complex systems, such as traffic, economy or climate, which can provide valuable information for decision-making.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
What is Surety Insurance?

You are probably wondering, what is surety insurance and how does it help your company? In today's economic environment, [...]

Read More »
What is Business Intelligence and how can it help your company?

The term Business Intelligence (or BI) defines the use of information technologies to identify, discover, and analyze business data, such as business [...]

Read More »
How Gamco revolutionized credit risk management for Bankia

In the dynamic financial world, optimizing the return on available assets is essential to the success of any lender. Gam [...]

Read More »
What is AIoT (Artificial Intelligence Of Things)?

If we look at them separately, the Internet of Things (IoT) and Artificial Intelligence (AI) are powerful technologies and if we combine them, we get a [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies