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Glossary / Lexicon

What does SME mean?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
SME stands for small and medium-sized enterprises. These companies are usually smaller than large corporations and employ fewer than 250 people. They play an important role in many countries as they form a good basis for the local economy.
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What is the Public Sector?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Public Sector refers to the totality of organizations, companies and institutions that are controlled and financed by the government or public institutions. This includes state-owned enterprises, state institutions and government agencies, usually operating in areas such as health, education, social services and transport.
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What is a data set?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A record is a collection of information organized in a specific format. It can consist of a single row of data, or it can contain a large number of rows that have different fields. Records are often stored in a database, where they can be sorted and searched in various ways.
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What is Shop Software?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A store software is a software that allows you to create and manage an online store on your website. This type of software offers a number of features that allow you to create and run an online store by adding products to the store, managing customer orders, managing sales, managing inventory and much more.
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What is News Clipping?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
News clipping is a service to collect, archive and share news and articles from various media. It is a convenient way to keep up to date with the latest news and developments. The most common use cases of News Clipping include businesses looking for information about their company and industry, as well as journalists and researchers keeping track of the latest news and trends. News clipping can also be used to track specific topics, such as new products or services.
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