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What is Statistical Analysis?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical analysis is a process used to examine data in various ways to gain certain insights. It can help to understand how certain factors relate to each other, what patterns and trends are present in the data, and how to predict the behavior of the data. The techniques of statistical analysis can help in decision making, forecasting, and prediction.
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What is modularization?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Modularization is the structuring of a program into several independent, individually executable modules. These modules are logically separated from each other and can be reused to create more complex programs. This facilitates the organization of the code and simplifies the maintenance and extension of the program.
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What is a data analytics pipeline?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A data analytics pipeline is a set of processes that are aligned to collect, transform, and analyze data. These processes can include applications such as data collection, data cleansing, data pre-processing, data modeling, data visualization, and more. A data analytics pipeline can help make decisions based on data and improve decision making by simplifying the process of data collection, processing and analysis.
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What is data consolidation?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data consolidation is a process of merging multiple data sources into a single one to provide a unified and consistent view of the data. It is commonly used in organizations to gain an enterprise-wide understanding of data stored in multiple formats and databases. It can help avoid duplication or excessive data repetition and increase data management efficiency.
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What is brand building?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Brand building is a strategic process of building a brand to enhance it in the eyes of consumers. The process involves developing a strategic vision, identifying brand values and communicating the brand message. The goal is to establish the brand in the minds of consumers and create an emotional connection with them. This enables companies to gain a competitive advantage.
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