Category: Data Knowledge

Data analysis explained: definition, overview and procedure

A valuable resource: Data is known to be the oil of the 21st century. But just as oil must first be refined before it can be used, data only gains its added value through data analysis. The data information obtained from data analysis is what we can work with and draw conclusions from. Digitalization is subjecting our everyday lives and beyond [...]

Big data explained simply: Big data basics, skills and examples

If "big" is still an understatement. If you want to understand big data, you need to understand one thing above all: 90 percent of existing data has only been created in the last two years. Since we have been creating virtual data, the amount of data produced every day has been growing exponentially. Over 2.5 trillion bytes of data are produced worldwide every day. If a [...]

What is a database management system (DBMS)? Tasks and advantages

Put simply, you can imagine a database management system (DBMS) like this: You are standing in the largest library in the world trying to find a specific book. You are surrounded by countless books, but they are not organized according to any apparent structure. How are you supposed to find the book in this mass of books, aisles and shelves, according to [...]

How to become a Business Intelligence Analyst:in

Between the worlds: A business intelligence analyst (BI analyst) combines two different subject areas, which is precisely why they are so valuable to companies. BI (Business Intelligence) is a corporate process in which collected data is processed, visualized and evaluated. The aim of this process is to gain up-to-date economic insights for companies. Business analytics, on the other hand, focuses primarily on future [...]

Data Thinking: With innovative framework to data-based solutions

As we all know, digitalization is the industrial revolution of our time. Buzzwords such as artificial intelligence, big data and machine learning are not only shaping digital change, but also our everyday working lives. Four out of five companies are convinced that data-driven AI solutions will permanently change their industry. By 2025, we could save around 350 million euros in Germany alone [...]