Question

Define pattern recognition and describe how you would apply this to opportunities generated for your entrepreneurship

Answer 1

Pattern recognition :-

It is the recognition of the data in a particular pattern with the help of Artificial intelligence. It is also used for the classification of the input data. With the help of pattern, a company can identify the regulations of the data in a system. Also, data can be classified on the basis of statistical knowledge gained by a company.

Opportunities generated for entrepreneurship :-

Entrepreneurs may connect the unrelated events with the help of their past experiences and with cognitive theory to find opportunities for future. Entrepreneurs may use various environmental factors such as technology, demographics etc. to connect the data to make a pattern and this pattern may help them to explore new ideas in the market. The pattern recognition may help an entrepreneur to identify new opportunities.

Hope this helps :)