12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Expansion is the process by which companies extend their existing products, services, markets, activities or business units to new markets. The aim is to generate more sales by addressing new customers or offering new products or services. Expansion can be achieved by opening new locations, entering new markets or expanding the existing product portfolio.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A customer project is a specific project developed for a specific customer. It can deliver a product, service or other outcome for the customer. The process starts with the definition of the customer requirements and ends with the delivery of the final product or service.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The cloud is a network (or group) of servers connected together to provide a shared platform for services and storage. Cloud services are hosted on the Internet and can be accessed over a network called the cloud. They can be used in many different ways, including storing files, deploying software, and processing data.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Scaling is a term from computer science and refers to the adaptation of an application, system or infrastructure to a changing environment or an increasing number of users. It involves changing the number of resources needed, such as computing power or storage space, to meet a requirement. It can also involve changing characteristics such as security, availability, or reliability.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
DeepTech is a term used to describe technical innovations that are developed based on sophisticated technologies and algorithms. These technologies are often based on complex analytics and machine learning. They are commonly used in industries such as artificial intelligence, robotics, autonomous systems, biotechnology, and quantum computing.