Predicting the future Last Updated: Feb 25, 2021, 10:43 AM IST Share Synopsis Meet the Drapers is a groundbreaking Silicon Valley entrepreneurial show where the Draper Family hunts for the next billion-dollar idea and the viewers get to invest in their favorite companies. ET Spotlight In 1689, the Llyod company used predictive analytics to underwrite insurance for sea voyages. The company used data sets of past trips in order to evaluate the risk of voyages and predict patterns of liability. Today, powered by AI, ML, IoT and Big Data, predictive analytics is being used to understand consumer behaviour, offer farming solutions, aid predictive maintenance of big machines, and boost preventive healthcare.