12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
IT consulting is a service that helps companies plan, implement and manage information technology. It involves analyzing the existing IT infrastructure, developing solutions to improve performance and efficiency, and implementing technologies needed to achieve the company's strategic goals. IT consultants help companies effectively use their IT systems by providing the necessary resources and solutions required to achieve the set goals.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Interface development is a term used to describe the creation of interfaces between two or more computer systems. An interface is an interface through which data can be transferred between systems. Examples of interfaces include web services, databases, networks, and file systems. Interface development involves designing and programming the interface to enable communication between systems.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The Customer Acquisition Cost (CAC) is a key figure that indicates how much it costs a company to acquire a new customer. It includes all costs spent on reaching and acquiring new customers, such as advertising, sales promotion, selling costs, and customer service. This helps companies to review the efficiency of their marketing budget and evaluate whether they need to cut or increase their costs to attract more customers.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Crowdfunding is a type of funding where many people donate small amounts of money to a project or business to support it. These donations can be made through an online platform or in a traditional way. Crowdfunding allows people around the world to invest money in a business or project without the need for a traditional bank account or loan. For those who invest money in the project, there is often some sort of consideration, such as a product or service.
12/09/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
An elevator pitch is a short, concise presentation of a business idea that can be explained in the time it takes to ride an elevator. It is a short, compelling summary of a product or service that is used to attract investors or potential customers.