Can anyone clarify?
Let me be the first to confess that my knowledge of this kind of computing, and indeed of statistics, is rudimentary. Perhaps that's why I'm having trouble understanding some of this article.
computational algorithms that produce results that can be explained in terms of certainty – the probability that a given will take place
Which is it, certainty or probability? They surely can't be the same thing, even in the domain of weather forecasting.
...customers who make sophisticated, risk-based decisions can benefit from having probabilistic rather than deterministic decision on events of weighing up the probable chances of an outcome rather than working with a black and white.
Come again? I can imagine it's a challenge to render this stuff into plain journalistic English, and I sympathise wholeheartedly. But that last para seems to be the product of some kind of random word generator.