12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
General terms and conditions (GTC) are contractual terms and conditions that a company provides to its customers when they purchase a product or service. They specify what the customer can expect from the company, how the company provides certain services, and what rights and obligations the customer has. They also protect the company by setting rules and guidelines that must be followed by both parties.
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.
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.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A digital business model is a type of business model that involves exchanging goods or services through digital platforms such as the internet, mobile app or any other digital medium. This type of model is becoming increasingly popular as digital technology becomes more prevalent and businesses look for ways to reach a wider audience. Examples of digital business models include digital marketplaces, subscription services, e-commerce stores and software-as-a-service (SaaS).
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A business model describes the fundamental elements of a company, such as its customers, its products or services, its revenue sources, and its cost structure. It is a strategic tool that helps companies identify, plan, and track their profitable business activities. A business model can also help a company differentiate itself from the competition and gain a competitive advantage.