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News / Blog: #process

What is new customer acquisition?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
New customer acquisition is the process of acquiring new customers. It usually involves a combination of marketing, sales and customer service. The purpose is to identify, educate and attract new customers. This process often requires a combination of creative strategies, techniques and tools to reach and retain new customers.
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What is digitization?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Digitization is the process of converting analog data into digital data, usually through scanning or the scanning of documents. Digitization enables information to be stored, transferred, processed and managed more quickly and efficiently. It can also help improve business processes by providing an easy and cost-effective way to store, review and manage information.
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What is fundraising?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Fundraising is the process of raising funds from an organization, group or individual for a specific project, campaign or program. There are various ways to raise funds for a project, such as through donations, sponsorships, events, crowdfunding, or the sale of merchandise. Fundraising can be done privately, publicly, or through a combination of both.
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What is a sales funnel?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A sales funnel is a process that enables companies to identify, reach, and convert potential customers. It usually consists of several steps, starting with addressing the user's interest, presenting an offer, following up, and converting the customer. The sales funnel represents a structured approach to selling that increases the likelihood of a lead becoming a customer.
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What is algorithm-based search?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Algorithm-based search is a process based on the application of complex algorithms to extract relevant information from a large amount of data. This technology is often used in search engines to provide users with relevant results for their search queries.
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