Glossary

A
API (Application Program Interface)
A set of programming standards and procedures for accessing or building web-based software applications.
API Marketplaces
An API marketplace is similar to a marketplace that involves two stakeholders. One is engaged in purchasing and the other is engaged in sales. This concept applies to APIs or application program interfaces to create API marketplaces.
Algorithm
A mathematical formula or statistical process used to analyse data.
Application
Software that enables a computer to perform a certain task.
Augmented Analytics
Augmented Analytics refers to the use of machine learning and natural language processing to improve data analysis and sharing.
Auto ML
Automated Machine Learning or AutoML is an end-to-end automation process for applying real machine learning problems.
Automation
Automation is the creation and use of technology to oversee, execute, and control the production of goods and services. This is a process that allows you to perform tasks previously performed by humans.
B
Big Data
Big data describes a large amount of data that is constantly growing. The data is diverse and can include structured, semi-structured, and unstructured data that can be used for machine learning and advanced analytics.
Block chain
A blockchain is a system of records (called blocks) connected in a peer-to-peer network, also known as cryptography. Each block contains the details of the previous block such as cryptographic hashes, timestamps, transaction data, etc.
C
Consumer Analytics
Consumer analytics involves the process of collecting large amounts of customer data. This data can offer companies with valuable understandings about their customers, such as their behaviour, likes and dislikes. This helps companies make informed decisions relevant to marketing and customer correlation management.
Continuous Intelligence
Continuous intelligence refers to real-time analytics data, where continuous business value is derived from all data.
D
Data Centre
A data centre is a collection of computer servers (also switches, firewalls, and routers in some cases) used to store, process, and distribute massive amounts of data.
Data Dashboarding
A data dashboard is a tool that provides an interactive and centralized format for monitoring, measuring, and analysing.
Data Engineering
Data engineering is a branch of data science that deals with the mechanisms of data collection and analysis. Data engineers ensure that the data used by a company is accurate, reliable, and organized.
Data Lakes
A data lake is a system that stores data in its raw format. Unstructured, native, and of various sizes, a file in a data lake has no fixed boundary.
Data Management
Data management refers to everything related to the use of data as an indispensable resource. It encompasses the collection, storage and protection of data to ensure the data remains accessible and reliable.
Data Modelling
Data modelling is the process of creating a data model for the data to be stored in a database. This data model is a conceptual representation of data objects, the associations between different data objects and the rules.
Deep learning
Deep learning is an area of ​​machine learning and artificial intelligence in which algorithms can perform unsupervised learning from large amounts of unstructured data.
Digital Ethics
Digital Ethics is the study of how to conduct oneself ethically, responsibly and professionally across digital platforms.
Digital Transformation
Digital transformation involves the use of technology to transform business processes, the organization’s internal culture, and customer relationship management.
E
Embedded Analytics
Embedded Analytics is a tool that focuses on data analysis and business intelligence and makes it more accessible through various process applications to enable users to work smarter and more efficiently.
H
Historical Data
Historical data refers to data collected in the past. This is often used as a basis for predicting future trends.
I
Innovation
Innovation is the process of developing and adopting new creative production techniques or ways of thinking.
Insights
An insight is an in-depth and accurate understanding of a complex problem.
Integration
Integration is a mathematical term used when an equation requires finding one or more integrals.
Intelligence
Intelligence refers to the ability to understand concepts, make judgments, and apply acquired knowledge.
IoT
IoT (Internet of Things) is the network of interconnected physical devices that are connected to the Internet, have unique identifiers, and can independently transmit data over the network.
IoT Edge Analytics
IoT Edge Analytics is a tool that enables companies and organizations to process data closer to its source. It allows data to be generated by sensor-rich assets or devices, all pre-processed in real-time

 

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