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What is market monitoring?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Market monitoring is a systematic process of collecting, analyzing and interpreting information about existing and potential customers as well as about competitors and the market in which they operate. The insights gained from this process can help companies make informed decisions about their strategies and products.
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What is data normalization?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data normalization is a process of converting data from a relational database into a format that minimizes redundancy, ensures data integrity, and facilitates modifiability of the database design. Normalization can be performed in several stages, with each stage representing a higher level of normalization.
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What is triangulation?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Triangulation is a technique used in research and statistics to check the validity and reliability of data. It means using multiple techniques, sources, or approaches to collect and verify the same data to ensure that the results are consistent and reliable. Triangulation is often used in qualitative research to ensure the certainty of research findings.
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What are web technologies?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Web technologies are technologies used to develop, maintain, and manage websites and web-based applications. They include software frameworks and programming languages, databases, content management systems, web servers, web browsers, SSL protocols, HTML, CSS, JavaScript, AJAX, and more.
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What is a specification?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A requirements specification is a formal specification that defines the requirements for a software product. It describes the functions and requirements that the product must fulfill and the results that it should deliver. It may also contain detailed technical specifications, including interfaces, data formats, and code quality. A requirements specification is an essential part of the software development process and serves as the basis for developing and testing the product.
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