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Glossary / Lexicon

What is a data analytics pipeline?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A data analytics pipeline is a set of processes that are aligned to collect, transform, and analyze data. These processes can include applications such as data collection, data cleansing, data pre-processing, data modeling, data visualization, and more. A data analytics pipeline can help make decisions based on data and improve decision making by simplifying the process of data collection, processing and analysis.
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What is data consolidation?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data consolidation is a process of merging multiple data sources into a single one to provide a unified and consistent view of the data. It is commonly used in organizations to gain an enterprise-wide understanding of data stored in multiple formats and databases. It can help avoid duplication or excessive data repetition and increase data management efficiency.
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What is brand building?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Brand building is a strategic process of building a brand to enhance it in the eyes of consumers. The process involves developing a strategic vision, identifying brand values and communicating the brand message. The goal is to establish the brand in the minds of consumers and create an emotional connection with them. This enables companies to gain a competitive advantage.
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What is a business intelligence tool?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business intelligence tools are software applications that help companies collect, analyze and process data from various sources to make better decisions. These tools can help companies identify trends and patterns in their data by creating reports, dashboards, and data visualizations.
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What is brand perception?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Brand perception refers to the impression a customer has of a brand. It is a combination of rational and emotional factors that arise from interaction with the product, the company and its activities. These include, for example, advertising, design, customer service, products and services, and online presence. A positive image is created when a brand is perceived as trustworthy, attractive and of high quality.
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