Digital Business Evolution
Digital Business Evolution
Digital Transformation
Artificial Intelligence
Refers to the simulation of human intelligence in machines that are programmed to think like humans and mimic their actions. The term may also be applied to any machine that exhibits traits associated with a human mind such as learning and problem-solving.
Machine learning
Machine learning is an application of artificial intelligence (AI) that provides systems the ability to automatically learn and improve from experience without being explicitly programmed. Machine learning focuses on the development of computer programs that can access data and use it learn for themselves.
Blockchain
Block chain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography. By design, a block chain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.
Big Data
Big Data is a term used to describe a collection of data that is huge in volume and yet growing exponentially with time. In short such data is so large and complex that none of the traditional data management tools are able to store it or process it efficiently.
Internet Of Things
The internet of things, or IoT, is a system of interrelated computing devices, mechanical and digital machines, objects, animals or people that are provided with unique identifiers (UIDs) and the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.
Analytics
Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data. It also entails applying data patterns towards effective decision making. It can be valuable in areas rich with recorded information; analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance.
Data Intelligence
Data intelligence refers to all the analytical tools and methods companies employ to form a better understanding of the information they collect to improve their services or investments. Data intelligence focuses on analysis and interaction with information in a meaningful way to promote better decision-making in the future. When collecting data for intelligence purposes, businesses and organizations look for a variety of sources that include business performance metrics, data mining of consumers and users, and other descriptive sources.