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What is a business consultancy?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A management consulting firm is a professional service that helps companies develop and implement strategies, processes, and technologies. Business consultants provide advice and support in the areas of strategy development, process management, organizational development, finance and accounting, marketing, human resources, information technology, corporate culture, and customer service. They work with executives, entrepreneurs, and investors to help companies strategically plan and implement goals.
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What is an advertising agency?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An advertising agency is a company that specializes in planning, developing and implementing advertising campaigns. They develop strategies to advertise and market products and services. They offer consulting, research, planning, creativity and implementation to help companies achieve their goals.
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What does SME mean?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
SME stands for small and medium-sized enterprises. These companies are usually smaller than large corporations and employ fewer than 250 people. They play an important role in many countries as they form a good basis for the local economy.
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What is the Public Sector?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Public Sector refers to the totality of organizations, companies and institutions that are controlled and financed by the government or public institutions. This includes state-owned enterprises, state institutions and government agencies, usually operating in areas such as health, education, social services and transport.
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What is a data set?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A record is a collection of information organized in a specific format. It can consist of a single row of data, or it can contain a large number of rows that have different fields. Records are often stored in a database, where they can be sorted and searched in various ways.
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