Tech moves fast! Stay ahead of the curve with Techopedia!
Join nearly 200,000 subscribers who receive actionable tech insights from Techopedia.
Stochastic refers to data which has a random probability that may be analyzed via statistics. Although individual events cannot be predicted, analyzing the distribution of random stochastic variables may result in a pattern.
Stochastic algorithms are used in artificial intelligence technology to solve problems based on probabilities. They are also commonly used in service level agreements (SLAs). For example, a vendor might use a stochastic model as a way to model out a particular service and its uptime.