AI successfully predicted the Global Market for 17 years

Welcome to the fourth edition of the FutureAI newsletter, where we journey through cutting-edge future trends and delve into compelling AI stories, all designed to supercharge your business!??

In this edition, we'll explore how an econometric AI model was able to predict the Global Market for 17 years with great accuracy over 97%! And how an earlier version of this model gave an early warning for the Global Recession of 2007-2009.

Also, do not miss the opportunity to attend our webinar organized by FutureUP and Pricing Stratz on Feb 28th, 16:00 CET, where we'll present hints and tips on how to test AI-enabled pricing strategies for success. You can REGISTER HERE.

Finally, as we enter 2024, it’s a good time to reflect on our exciting developments of the past year following the commercial launch of FutureUP back in Apr 2023.

Predicting the Global Market using AI

A published forecast was able to predict the evolution of the Global Market from 2006-2022, with high accuracy, exceeding 97.5%.

This is an even bigger accomplishment if you consider the many challenges of this period, including the Great Recession of 2007-2009 and the Global Covid-19 pandemic starting from 2020 onwards.

The forecast was based on the same Predictive AI econometric model utilized by FutureUP today and allowed for proactive, long-term planning.

Learn more:

The forecasting challenge

Forecast the long-term growth potential of the Global Market in times of great uncertainty, including the Global Financial Crisis of 2008 and the Pandemic of 2020.

The solution

A published forecast, using known data up to 2005, leveraging an innovative Predictive AI econometric model to estimate the Global Market as measured by the Global GDP.

The result & benefit

??High forecasting accuracy

The model’s estimates remained very close to actual values from 2006 to 2022, with just a 2.4% average error, despite the many challenges of the past years.

??Plan ahead with confidence

Long-term anticipation of significant market trends enables companies, people, and governments to plan ahead and prepare accordingly.

Read on to learn more and download the case slide deck!

READ MORE

Predicting a Global Crisis using AI

Following the 2008 credit crunch, the global economy entered a serious recession, marking negative growth rates in 2009 for the first time in 60 years. The initial efforts of the G20 to reinitiate the economy through the deployment of extensive stimulus packages, although successful in the beginning, resulted in a significant rise in public debts challenging the credibility of even the largest economies. Beyond any doubt, this is the most severe economic slowdown that we faced since the Great Depression, with lasting repercussions in the following years. But was this a random incident in our history or could we have predicted it?and taken the necessary steps to minimize losses?

A published forecast made before the collapse of the Lehman Brothers in 2008 discovered an economic cycle and predicted a crisis in our times of a magnitude similar to?the oil crisis in the 1970s and the Global Depression & WWII in the 1930s. We now know this was the Global Financial Crisis of 2008, followed by the Global Recession of 2009.

The forecast leveraged an earlier version of the Predictive AI econometric model we use today at FutureUP and allowed for proactive, long-term planning.

Read on to learn more and download the case slide deck!

READ MORE

Online webinar: How to test AI-enabled pricing strategies for success

AI is the “talk of the town” and everyone wants to use it to improve pricing!??

However, most people don’t know how to do this and, most importantly, how well it works in practice.??

??REGISTER here for our webinar to learn how.

??You can also participate in our relevant survey. The results will be presented during the webinar.

During our 1-hour webinar, you’ll learn HOW TO:

??AI & Pricing: Use Predictive AI to improve your pricing and boost your sales performance even x-fold

??Impact of external factors: Incorporate the impact of the macro and market environment

??Accuracy assessment: Evaluate the accuracy of AI-enabled price predictive insights

??Business impact assessment:?Estimate the impact on your sales performance and profitability

Our webinar includes two real-life customer cases??from our past experience in AI & Pricing, indicating how well this works in practice!??

??REGISTER here for our webinar

??You can also participate in our relevant survey. The results will be presented during the webinar.

Don't miss this opportunity to learn more about using AI in Pricing strategies and how it helps you boost your sales performance and profitability even x-fold!

REGISTER HERE

FutureUP 2023 in Review

As we enter 2024, it’s a good time to reflect on the exciting developments of the past year following the commercial launch of FutureUP back in Apr 2023.

Despite the many challenges of setting up a new business, the last nine months have been filled with creative work, AI innovation, predictive insights, valuable partnerships, and many successes! Looking back at what happened in 2023, we are thrilled to see what the future holds for us in 2024!

Read on for more info and our latest developments in 2023!

READ MORE

__

Spread the word

I am George Boretos, founder of FutureUP

Enjoying the newsletter? You can help it grow and improve by sharing it and spreading the word with anyone interested.

Get in touch

Have any questions or suggestions? Get in touch

Are you looking to optimize your pricing and predict the future with proven AI predictive technologies to grow faster?

Get in touch to discuss your challenges and how to help!