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Why is PR software so expensive? An analysis of the cost structure

11/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Public relations (PR) plays a crucial role in today's business world as companies and organisations need to effectively communicate their messages to the public. In this context, PR software solutions have gained importance to help PR teams manage their tasks. But why are these PR software solutions often so expensive? In this article, we will explore the reasons behind the cost structure of PR software.

1. Extensive functionality

One of the main reasons for the high cost of PR software is the extensive functionality it offers. These software solutions need to cover a wide range of tasks, including media monitoring, social media management, media contact management, PR results analysis and more. Developing and maintaining these functions requires significant resources, which impacts the price.

2. Data access and integration

PR software solutions often provide access to extensive databases of media contacts, news sources and analytical tools. This data needs to be constantly updated and maintained to provide up-to-date and accurate information. In addition, integration with other systems and platforms, such as social media platforms or CRM systems, requires significant development work to ensure seamless workflows.

3. Research and development

The technology behind PR software solutions is constantly evolving. Vendors invest significantly in research and development to provide innovative features and technology to their customers. This investment in product development adds to the total cost of ownership.

4. Customer support and training

High-quality PR software requires skilled customer support to help customers use and troubleshoot it. Training customers and providing resources to optimise their use of the software are also important factors that add cost.

5. Licensing and subscription model

Most PR software vendors use a licensing or subscription model where clients pay regular fees to use the software. This model allows vendors to generate ongoing revenue to maintain, update and support the software.

6. Privacy and security

Since PR software contains sensitive information about media contacts, PR campaigns and internal operations, strict privacy and security measures are required. This requires investment in security infrastructure and monitoring, which increases costs

7. Customisation

Companies and organisations often have specific requirements for their PR software solutions. Adapting the software to these requirements requires additional development and resources, which increases costs.

Conclusion

The high cost of PR software can be attributed to a variety of factors, including extensive functionality, data access, research and development, customer support, licensing, privacy, and customisation. Despite these costs, PR software solutions add significant value by helping PR teams work more effectively, manage media contacts, and measure the success of their PR efforts. Companies should carefully consider which features and services are most important for their needs to find the best PR software solution for their budget.

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The study of computer science and programming: A look at the course content

11/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Computer science and programming are crucial in today's digital era and offer a wide range of course content. This article takes a closer look at studying computer science and programming and provides insights into the exciting topics that students explore.

Basics of computer science

The study of computer science often begins with a comprehensive introduction to the fundamentals of the discipline. Students learn about the history of computer science, basic concepts and principles, algorithms and data structures.

Programming

Programming is a central component of the degree programme. Students learn how to master various programming languages such as Java, C++, Python and JavaScript. They develop skills in software development, coding, debugging and creating applications.

Databases

Databases are crucial for storing and managing information. Students learn how databases are designed and managed. They learn SQL (Structured Query Language) and other techniques for querying and managing data.

Operating systems and networks

Students deepen their understanding of operating systems such as Windows, Linux or macOS. They also learn the basics of computer networks, network protocols and security concepts.

Software development

Software development is a central component of the degree programme. Students learn how to plan, develop and test software projects. Agile development methods and project management are also covered.

Artificial intelligence and machine learning

The fields of artificial intelligence (AI) and machine learning (ML) are becoming increasingly important. Students deal with these topics and learn about ML algorithms and techniques as well as their application in various fields of application.

Security and data protection

In view of the growing threats in the field of cyber security, security and data protection are of great importance. Students study techniques for securing computer systems and data protection regulations.

Web development and front-end and back-end programming

In the age of the internet, web development is an important focus. Students learn how to create modern web applications, both in the frontend (user interface) and in the backend (server and databases).

Practical projects and internships

During their studies, students often work on real projects to apply their knowledge in practice. Internships in software development companies or IT departments offer the opportunity to gain practical experience.

Professional preparation and certifications

Many computer science programmes integrate vocational preparation courses and offer the opportunity to acquire certifications in relevant areas. This facilitates the transition into the professional world and shows employers the qualifications of graduates.

Conclusion

The Computer Science and Programming degree programme offers a wide range of course content that enables students to explore and shape the world of technology. Graduates are well placed to succeed in areas such as software development, IT management, data analysis, cyber security and many other IT and technology-related careers. As digitalisation progresses, computer science knowledge and programming skills are invaluable and offer a wide range of career opportunities.

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Studying Data Science: A look at the course content

11/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In an era where data has become one of the most valuable commodities, the study of data science has become one of the most sought-after disciplines. This article takes a closer look at the study of data science and provides insights into the exciting topics that students explore.

Mathematical basics

The Data Science degree programme often begins with a comprehensive introduction to mathematical fundamentals. This includes statistics, linear algebra, calculus and probability theory. This knowledge forms the foundation for later data analysis and modelling

Programming and data analysis

One of the key skills of a data scientist is programming. Students learn to master programming languages such as Python or R in order to collect, process and analyse data. They are familiarised with data wrangling techniques to transform raw data into a suitable form for analyses.

Data visualisation

Data visualisation is an important aspect of data science. Students learn how to present data in charts, graphs and interactive visualisations. This helps to recognise and communicate complex patterns and findings from the data more easily

Machine learning and artificial intelligence

A central focus of the Data Science degree programme is machine learning. Students deal with various ML algorithms and techniques to create predictions and models. This includes supervised learning, unsupervised learning, deep learning and more.

Big data and databases

The processing of large amounts of data, also known as big data, is an essential part of data science. Students learn how to store and retrieve data in distributed systems and how to use tools such as Hadoop and Spark.

Data ethics and data protection

Given the sensitivity and volume of data collected, ethics in data processing is of great importance. Students deal with issues of data ethics, data protection and the legal aspects of data processing

Practical projects

During their studies, students often work on real-life projects. These can be case studies, competitions or research projects in which they apply their knowledge and skills in practice.

Professional preparation and internships

Many data science programmes integrate career preparation courses and offer the possibility of internships in companies to give students practical experience in the industry. This facilitates the transition into the professional world.

Conclusion

The Data Science degree programme offers a wide range of course content that enables students to explore and shape the world of data. With a strong foundation in maths, programming and data analysis, graduates are well placed to succeed in areas such as business intelligence, data analytics, machine learning and many other career opportunities. Data science is not only one of the most sought-after disciplines, but also a key to shaping the future.

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Strategic structure of the press distribution list - What to consider

11/17/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your target audience:

Before you begin creating your press release distribution list, you must first identify the target audience for which you want to publish the press releases. Identify the media outlets that might be interested in your news, as well as the specific editors and journalists who can best reach your information.

2. Gather contact information:

At the same time, you need to collect contact information for your press distribution list. This includes the names, email addresses and phone numbers of the editors and journalists you want to contact. You can get this contact information by searching the Internet or by sharing it with your network.

3. Segment your distribution list:

For an effective press distribution list, it is important to segment your distribution list. This means grouping your distribution list by different criteria such as region, topic, media type, etc. This will help you send relevant content to the right people.

4. Send personalized messages:

Once you have created your press distribution list, you should personalize the emails you send to editors and journalists. This means tailoring your message to that person's name and specific interests. It is important that you send the right messages to the right people.

5. Measure the results:

To determine the success of your press distribution, you need to measure the results. This includes monitoring the number of emails you send and the number of emails that are opened and read. You can also monitor the number of clicks on your links in the emails. This will help you understand what content is working best.

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Choosing a service provider: This is what you should pay attention to

11/16/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Choosing a service provider is a strategic decision that can have a significant impact on the success of your business. Whether it's IT services, marketing, supply chain management or other services, there are certain key factors you should look out for to ensure you choose the right partner. Here are some key aspects to look out for when choosing a service provider:

1. Fit with your goals and needs

Make sure the service provider understands your business goals and needs and is able to support them. A close fit between the services offered and your requirements is crucial

2. Experience and expertise

Investigate the service provider's experience and expertise in your specific area. Ask for references and check their track record. An established reputation and proven expertise are good indicators of quality and reliability.

3. Reputation and reviews

Find out about the service provider's reputation in the industry. Read customer reviews and recommendations. A positive reputation and satisfied customers are a strong sign of trustworthiness.

4. Costs and budget

Clarify the costs from the outset and make sure they fit into your budget. However, make sure you don't just look at the price, but also the value for your money. Cheap services are not always the best.

5. Communication and accessibility

Effective communication is key. Make sure the service provider is easily accessible and has clear communication channels and processes. Open communication promotes smooth collaboration

6. Flexibility and adaptability

The service provider's ability to adapt to your changing requirements is important. Your service provider should be flexible enough to respond to new developments and requirements

7. Contract terms and SLAs

Carefully drafted contract terms and service level agreements (SLAs) are essential. These documents should clearly define all agreed services, deadlines and responsibilities.

8. Compliance and ethics

Make sure that the service provider complies with all relevant legal regulations and adheres to ethical standards. Adherence to compliance guidelines and ethical principles is of great importance.

9. References and case studies

Ask for references and case studies to gain insight into the service provider's previous work. This will allow you to better understand how they have been successful in the past.

10. Risk management

Consider potential risks and develop a strategy to deal with them. This may include contractual clauses, insurance or other security measures.

Choosing a service provider takes time and research. By considering these factors and reviewing them carefully, you can ensure that you select a partner that fulfils your business needs and contributes to the long-term success of your company.

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