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News / Blog: #analyze

What is data mining?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data mining is a technique in which large amounts of data are searched and analyzed to identify patterns and relationships. The technique is widely used in business, science, and healthcare to make decisions, solve problems, and make discoveries.
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What is Text Mining?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Text mining is a technique for extracting valuable hidden information from unstructured text. It is a combination of methods from data analysis, machine learning and natural science. It is used to extract, analyze and categorize content from large amounts of data. It can be used to identify trends and patterns, to make decisions, and to improve the quality of texts.
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What is trend analysis?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A trend analysis is a process in which a company collects and analyzes data to identify short- and long-term trends in a particular market, industry, or business. This allows companies to better inform their decisions and optimize the results of their investments. Trend analysis helps companies make better decisions by providing data based on past trends and developments in a particular area.
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What is a database?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A database is a collection of structured data stored on a computer or server, usually managed with database management system software. A database can store data in tabular, chart, or other formats and allows users to store, modify, retrieve, and analyze the data.
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What is inventory data?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Inventory data is data that contains information about a specific group of people, objects, or services. It is typically used to track and analyze trends. Inventory data can come from a variety of sources, including demographic data, sales data, contact information, and other data that describes the status of a group.
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