The term ecosystem comes from the natural sciences and describes a community of different organisms in interaction and their environment or habitat. In the recent past, however, the term has also been widely used in business. In the sense of an innovation ecosystem,...
Business intelligence is a term that has undergone multiple transformations since the 1960s. Sixty years ago, it stood for a system that enabled the sharing of information across the entire company. In the age of digitalization and on the way to smart factories or the...
There are numerous reasons why companies of all sizes should invest in research and development and why cooperation with research institutions and initiatives is particularly useful. We have summarized ten reasons. 1 Not a question but a must! Research and development...
At its core, the term Big Data describes an enormous amount of structured and/or unstructured data that is too large, too complex, or too fast-moving to examine using simple or manual analysis techniques. However, the term has been used in a variety of ways in recent...
Data mining is the process of systematically examining and analyzing large amounts of data to identify patterns, trends, and relationships. Since this involves Big Data, statistical and computer-aided methods are used to process the data and extract insights. In...