12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
IT consulting is a service that helps companies plan, implement and manage information technology. It involves analyzing the existing IT infrastructure, developing solutions to improve performance and efficiency, and implementing technologies needed to achieve the company's strategic goals. IT consultants help companies effectively use their IT systems by providing the necessary resources and solutions required to achieve the set goals.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business process automation is a technology that enables companies to simplify and accelerate processes and workflows by automating them in a digital way. Automated business processes can reduce response times to customer requests, shorten process turnaround times, and increase process efficiency and accuracy.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Interface development is a term used to describe the creation of interfaces between two or more computer systems. An interface is an interface through which data can be transferred between systems. Examples of interfaces include web services, databases, networks, and file systems. Interface development involves designing and programming the interface to enable communication between systems.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A project management method is a framework used in planning, executing and controlling projects. It helps project teams achieve their goals and deliverables more efficiently. It is a general method that can be applied to a variety of project types and sizes. Some of the most common project management methods are Waterfall, Scrum, Agile, Kanban, Lean and Six Sigma.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Customer Acquisition Cost (CAC) is a key figure that indicates how much it costs a company to acquire a new customer. It includes all costs spent on reaching and acquiring new customers, such as advertising, sales promotion, selling costs, and customer service. This helps companies to review the efficiency of their marketing budget and evaluate whether they need to cut or increase their costs to attract more customers.