To understand how predictive data analytics can help improve fraud detection strategies, you must first understand the meaning of predictive data analytics. The goal of predictive data analytics is to use a large amount of historical data, along with statistical algorithms to determine the likelihood of various possible future outcomes. This includes using machine learning techniques to process data much faster than humans could do on their own. So, the result is not just knowing what has already happened but having a best guess of what will happen in the future.

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