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News / Blog: #process

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 brand building?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Brand building is a strategic process of building a brand to enhance it in the eyes of consumers. The process involves developing a strategic vision, identifying brand values and communicating the brand message. The goal is to establish the brand in the minds of consumers and create an emotional connection with them. This enables companies to gain a competitive advantage.
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What is a statistical analysis?

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.
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What is cold calling?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Cold calling is a sales process in which a salesperson sells products or services to potential customers without first contacting the customers. It is also referred to as "cold calling." The salesperson usually contacts the customer by phone or email to present their offer and get the customer to buy a product or service. Cold calling is a very effective and efficient sales method, but it requires a high level of skill and takes a lot of time.
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What is Industry 4.0?

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.
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