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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An online store is a web store where customers can buy goods and services over the Internet. This type of store is usually operated through a website that offers an assortment of products or services in a very similar way to a traditional store. Online stores offer a convenient way for consumers to purchase goods without leaving their homes. Most online stores also offer the ability to pay for products by credit card or other electronic payment methods.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Market monitoring is a systematic process of collecting, analyzing and interpreting information about existing and potential customers as well as about competitors and the market in which they operate. The insights gained from this process can help companies make informed decisions about their strategies and products.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A specification document is a document created by a customer to provide a software developer with a description of the requirements for a new software product. It contains a detailed list of the functions that the product should fulfill, along with specifications that serve as guidelines for the developer. The specification sheet is an important tool that enables the developer to understand the customer's requirements and create the software accordingly.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business analytics is a collection of techniques, methods, and processes used to collect, analyze, and interpret large amounts of data to make better decisions for businesses. It can help identify trends and pattern recognition that affect a company's performance and measure the results of investments. Business analytics can also help create a better understanding of customer needs to increase sales and improve customer satisfaction.