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News / Blog: #process

What is expansion?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Expansion is the process by which companies extend their existing products, services, markets, activities or business units to new markets. The aim is to generate more sales by addressing new customers or offering new products or services. Expansion can be achieved by opening new locations, entering new markets or expanding the existing product portfolio.
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What is the cloud?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The cloud is a network (or group) of servers connected together to provide a shared platform for services and storage. Cloud services are hosted on the Internet and can be accessed over a network called the cloud. They can be used in many different ways, including storing files, deploying software, and processing data.
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What is a business startup?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is the process of establishing a business in which an individual or group of individuals establishes a business to provide a product or service. It can also be considered as the process of setting up a business or enterprise in which an entrepreneur or group of entrepreneurs establish a business with the aim of making profits.
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What is sales?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Sales is a general term for the sale of products or services. It includes the entire process chain from identifying the need to closing the deal. Sales includes not only selling, but also customer care, marketing, pricing and many other aspects of the business.
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What is data entry?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data entry is the process of entering data into a database or other form of digital storage. It can be a simple input of text or numbers or a complex process of capturing, processing and storing data in a database system.
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