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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Industry 4.0 is a concept that describes the digital transformation of industry. It refers to the fourth industrial revolution, in which machines, production facilities and devices are networked to exchange data and automate production. It builds on the previous industrial revolution and uses advanced technologies such as artificial intelligence, machine learning, the Internet of Things and robotics. Industry 4.0 can help increase productivity, optimize processes and accelerate innovation.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
SQL databases are a type of relational database where data is stored in tables. SQL (Structured Query Language) is a special programming language used to query, edit and manage data in an SQL database. SQL databases are widely used in the development of websites, desktop applications and other software programs.
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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A record is a collection of information organized in a specific format. It can consist of a single row of data, or it can contain a large number of rows that have different fields. Records are often stored in a database, where they can be sorted and searched in various ways.