12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A data lake is a storage system that allows users to store, organize, and analyze a variety of data in its original form. It enables users to store and process structured and unstructured data to gain insights and make business decisions. A data lake can also serve as a central repository for large amounts of data from multiple sources.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data preparation is a process in which data is prepared for various purposes. In this process, the data is sorted, structured, analyzed and prepared in order to make it usable for specific applications. This can be achieved through various processes such as databases, data aggregation, data manipulation, data analysis and data visualization. Data preparation is an important part of data warehouse design and database management technologies.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Data enrichment is a process of enhancing and improving data by adding additional information to bring the data into a more structured or informed form. The purpose of data enrichment is to give users more insight into their data, allowing them to make better decisions and perform better analysis. Examples of data enrichment can include mapping geolocation data, demographic information, customer histories, or other external sources to existing data.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Natural Language Processing (NLP) is a subfield of Artificial Intelligence that deals with natural language processing. It encompasses a range of techniques that attempt to translate human language into machine-readable formats and vice versa. Examples include automatic text analysis, machine translation, dialog systems, and text classification.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Deep learning is a form of machine learning that uses complex models to analyze very large amounts of data. It is similar in many ways to the learning that the human brain uses to learn new concepts or insights. It is based on a set of algorithms called neural networks. These networks have individual connections that function like synapses in the brain. These connections are then layered to increase the complexity of the patterns they process. Deep Learning is particularly useful for automating processes and developing decision-making systems based on complex data.