12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Big Data refers to a collection of very large and/or complex data sets that are too complex to process using traditional data processing methods. Big Data can come from a variety of sources, such as text, audio, video, or images, and can be used for analysis to provide insights that aid in decision making.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A model calculation is a mathematical formula used to solve a particular problem or answer a particular question. It can be used to predict a certain outcome, calculate a certain risk, make a certain decision, or demonstrate a certain behavior. Modeling can be applied in many different fields, including finance, economics, engineering, science, and computer science.
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.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
NoSQL is a collection of database technologies that differ from traditional relational databases. NoSQL databases are designed for horizontal scalability, fast analytics, high availability, and fault-tolerant replication. NoSQL databases can be useful in a wide range of use cases, especially when scalability and performance requirements are demanding. Most NoSQL databases use a different type of data model than relational databases, which are based on a relational model.
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.