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Glossary / Lexicon

What is a Bayes network?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A Bayes network is a special type of probabilistic graph that represents the probability of certain events with respect to other events. It is commonly used in machine learning research and machine learning to model a variety of problems, such as classification, prediction, and structuring of data. It consists of nodes, which represent events, and edges, which represent the relationships between them. A Bayes network can be used to model a set of relationships between events.
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What are machine learning algorithms?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Machine learning algorithms are algorithms that learn autonomously by analyzing information from existing data. They enable computer systems to learn from experience and apply it to new data and situations, allowing them to solve problems without explicit instructions. Machine learning algorithms include artificial neural networks, decision trees, support vector machines, Bayes networks, regression methods, and clustering algorithms.
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What is data management?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data management is the process of managing data, including organizing, storing, managing, using and protecting data. It is a strategic approach to preserving, manipulating, and distributing data to ensure that organizations have the right data at the right time and in the right form. It also involves creating and implementing policies and procedures to manage data to ensure its quality and integrity.
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What is cloud computing?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Cloud computing is a model of computing that allows companies to deliver their applications, data and IT infrastructure over the Internet. This model allows companies to leverage powerful hardware and software while saving costs by deploying their IT resources in a cloud-based environment. Cloud computing services are delivered over the Internet or a private network, allowing companies to significantly reduce the cost of the hardware and software they need to run their applications and systems.
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What is a workflow?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A workflow is a process that structures the operations of an organization or business to accomplish a specific task. It is a systematic process in which actions or steps are performed in a specific order to achieve the end result. Workflows can be used in a variety of industries and businesses to automate processes, reduce costs, and increase efficiency.
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