Open Innovation stands for an open innovation process. Instead of innovating internally within the company or organization, external stakeholders from the innovation ecosystem and beyond are involved. Stakeholders include, for example, customers, research institutes...
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...
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...
Machine learning is a subarea of artificial intelligence (AI). It enables IT systems to recognize patterns and regularities on the basis of existing data and to develop solutions automatically. Software can therefore learn independently and find solutions without...
The term "Open Source (OS)" is familiar to many in the sense of software. It refers to programmed code that is publicly accessible and can thus be viewed, modified or extended by anyone. The underlying principle is community-based. The software is not produced by just...
In simple terms, a wallet is software that is used within the framework of blockchain technology. Wallet in this case literally refers to a wallet or purse, and this is basically where the name comes from. Initially, a wallet was used to store digital currencies...
The term "node" has long existed in computer science or even in medicine, but in recent months and years it has appeared significantly more frequently in the context of blockchain. Any computer, device, or even person that is connected to the network is considered a...
Ideation describes the process of finding ideas. As developing creatively, generating and working out ideas is actually a process, it takes place systematically and is thus a learnable thought pattern. The so-called "flash of inspiration" does not happen by chance,...
In the blockchain-based handling of processes, a token stands for a piece of information, a document or a specific company asset. It is stored digitally and managed by a wallet or a token manager. Numerous use cases can be found in logistics, such as the safekeeping...