12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Interface development is a term used to describe the creation of interfaces between two or more computer systems. An interface is an interface through which data can be transferred between systems. Examples of interfaces include web services, databases, networks, and file systems. Interface development involves designing and programming the interface to enable communication between systems.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A project management method is a framework used in planning, executing and controlling projects. It helps project teams achieve their goals and deliverables more efficiently. It is a general method that can be applied to a variety of project types and sizes. Some of the most common project management methods are Waterfall, Scrum, Agile, Kanban, Lean and Six Sigma.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Customer Acquisition Cost (CAC) is a key figure that indicates how much it costs a company to acquire a new customer. It includes all costs spent on reaching and acquiring new customers, such as advertising, sales promotion, selling costs, and customer service. This helps companies to review the efficiency of their marketing budget and evaluate whether they need to cut or increase their costs to attract more customers.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Venture capital is a form of financing in which investors put money into a company or project with the expectation that they will take a higher risk but also earn a higher return than other forms of investment. These investments are typically made over a longer period of time, which means they carry more risk than other investments.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Six Sigma is a systematic method aimed at improving the efficiency and quality of processes. It is also considered a process improvement approach that aims to minimize the number of defects in a process. The Six Sigma approach is based on a fixed set of processes called "DMAIC" - Define, Measure, Analyze, Improve and Control.