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What is Statistical Analysis?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Statistical analysis is a process used to examine data in various ways to gain certain insights. It can help to understand how certain factors relate to each other, what patterns and trends are present in the data, and how to predict the behavior of the data. The techniques of statistical analysis can help in decision making, forecasting, and prediction.
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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 data consolidation?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data consolidation is a process of merging multiple data sources into a single one to provide a unified and consistent view of the data. It is commonly used in organizations to gain an enterprise-wide understanding of data stored in multiple formats and databases. It can help avoid duplication or excessive data repetition and increase data management efficiency.
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What is a business intelligence tool?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Business intelligence tools are software applications that help companies collect, analyze and process data from various sources to make better decisions. These tools can help companies identify trends and patterns in their data by creating reports, dashboards, and data visualizations.
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What is an online database?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An online database is an electronic system designed to store and manage data. With an online database, users can query, add, edit, and delete data over the Internet. They can also perform structured queries to retrieve information from the database.
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