12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A random variable is a variable whose value is random for an outcome from an experiment or other process. Random variables can take on discrete, continuous, or combined values. Examples of random variables are the number of copies of a certain book that a publisher sells, the number of students who receive a certain course grade, or the number of goals that a certain soccer team scores during a season.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
GPT-3 (Generative Pre-trained Transformer 3) is a machine learning model developed by OpenAI. It is the largest machine learning model ever constructed and is designed for what is known as "general language processing," which allows machine systems to understand and respond to natural language. By using GPT-3, developers can create machine learning-based applications that support natural language input and output.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Agile software development is an iterative and incremental software development process based on short-term goals, cyclical iterations, and a constant feedback loop. Unlike traditional waterfall methodologies, agile software development works iteratively, meaning that different aspects of the software are developed in small increments so that they can be gradually refined. The agile approach emphasizes sharing responsibility for the project between developers, customers, and other stakeholders. A culture of constant feedback, collaboration, and rapid response is encouraged.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Enterprise digitization refers to the process by which companies digitize their business processes to optimize the way they handle data, communications and customer interactions. This includes the adoption of digital technologies such as cloud computing, artificial intelligence, machine learning, blockchain and other digital tools to increase efficiency and productivity while reducing costs.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Employer branding is a process that aims to build a company as an attractive employer for potential candidates and employees. This involves using a brand to position a company as an attractive employer and improve employee retention. It includes publishing information about the company, communicating the company's culture, developing employee retention programs, and other strategies.