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News / Blog: #process

What is data normalization?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data normalization is a process of converting data from a relational database into a format that minimizes redundancy, ensures data integrity, and facilitates modifiability of the database design. Normalization can be performed in several stages, with each stage representing a higher level of normalization.
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What is a specification?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A requirements specification is a formal specification that defines the requirements for a software product. It describes the functions and requirements that the product must fulfill and the results that it should deliver. It may also contain detailed technical specifications, including interfaces, data formats, and code quality. A requirements specification is an essential part of the software development process and serves as the basis for developing and testing the product.
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What are Business Analytics?

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.
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What is desk research?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Desk research is a process of gathering information from existing, publicly available sources. It is a method of primary market research in which data is collected by analyzing publications, websites, reports, statistics and other available sources. Desk research has the advantage of being quick, inexpensive, and a suitable method for researching a wide range of topics.
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What is a customer project?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A customer project is a specific project developed for a specific customer. It can deliver a product, service or other outcome for the customer. The process starts with the definition of the customer requirements and ends with the delivery of the final product or service.
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