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News / Blog: #analysis

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 a customer value analysis?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A customer value analysis is a complex approach that enables companies to obtain a detailed and quantified assessment of the value of customer relationships. It also enables companies to understand and measure the value contributions of existing customer relationships. Customer value analysis can also help quantify the impact of revenue and customer acquisition initiatives, pricing, and customer loyalty programs on customer value.
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What is a statistical analysis?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical analysis is a process of analyzing data from a specific area to gain certain insights. It is often used to make decisions or gain a better understanding of a situation. It can help identify trends and patterns that may be important to a particular decision. It can also help solve a problem or make a decision by evaluating past results.
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What are data?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data is information stored in a structure that is easy for computers and other machines to process. Data is usually stored in the form of numbers, text, images, audio and video files and can be used for storage, analysis and communication.
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What is statistical software?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical software is specialized software used to generate statistics and analysis. It can collect, analyze, and visually display data to help users gain insights from data and make decisions. It can also be used as a tool for forecasting and approach planning.
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