AI, Artificial Intelligence, is the ability of machines to simulate human intelligence. The application of AI can be broadly categorized into learning, reasoning and self-correction. There are two main types of AI: Weak AI, a system that can only perform the task it was created for and Strong AI, a system that can learn and solve problems independent of humans.
In computer science, artificial intelligence (AI), sometimes called machine intelligence, is intelligence demonstrated by machines, in contrast to the natural intelligence displayed by humans. Colloquially, the term “artificial intelligence” is often used to describe machines (or computers) that mimic “cognitive” functions that humans associate with the human mind, such as “learning” and “problem solving”
AI Developer Toolkits
AI Developer Toolkits help developers to build intelligent assistants within almost all software applications.
AI Governance
AI governance is the belief that a legal framework should be made for ensuring that machine learning (ML) technologies are well researched and developed with the goal of helping humanity navigate through AI systems seamlessly.
This term is used to bearing artificial intelligence in mind and using it as a service. In other words, PaaS is short form for platform-as-a-service often used by companies for their data and marketing.
API Marketplaces
An API Marketplace is akin to a marketplace that involves two stakeholders where one is concerned with buying and the other is concerned with selling. This concept is applied to API or Application Program Interface thus creating an API Marketplace.
Advanced Anomaly Detection
Advanced Anomaly Detection are tools used in a system which helps in detecting serious anomalies that might otherwise go unnoticed. They work by giving off an early warning thus saving time, capitalizing on the opportunity of the time saved, taking measures and reducing human effort.
Aggregation is a term used for the gathering of information for a variety of purposes including statistical analysis. The information gathered is expressed in the form of a summary, such as the average, maximum, minimum, etc. This greatly reduces the time required for statistical analysis.
An algorithm is a set of specified rules, a defined procedure or formula, that is used to solve problems. Algorithms are most commonly used in computed to execute a task or to solve a problem.
An anomaly is something that deviates from a standard pattern or an expected outcome. In analysis of data, an anomaly is also known as an outlier.
ANOVA stands for Analysis of Variance. It is a statistical tool to split aggregate variability identified within a data set into two parts: systematic (data which has an influence on the data set) and random (data which does not have an influence on the data set).
Arithmetic is a branch of mathematics that includes numerical calculations based on specific operations. Calculations such as addition, subtraction, division and multiplication are included in arithmetic.
Artificial General Intelligence
Artificial General Intelligence is when machine can comprehend generalised human cognitive abilities and understanding.
Augmented Analytics
Augmented Analytics refers to when machine learning and natural processing languages are used to enhance data analytics and sharing.
Augmented Reality
Augmented Reality (AR) is the combination of a real external environment with computer-generated scenes to creare an enhanced experience of the world in real time.
Auto ML
Automated Machine Learning or Auto ML is the process of automating end-to-end of applying machine learning real-world problems.
Automation is the creation and use of technology to monitor, perform and control the production of googs and services. It is a process that can be used to perform taks that were previously carrier out by humans.
Autonomous Vehicles
An autonomous vehicle is one that can drive itself from a starting point to a pre-determined destination in autopilot mode using various technologies.
The term behavioral relates to behavior. It can be used as a term to study the behavioral patterns of human beings (or animals).
Behavioural Analytics
Behavioral analytics is a branch of data analytics that involves utilizing data to gain insights into consumer behavior. It is most widely used on e-commerce sites and social media platforms.
Bi Variant
Bi variant is a mathematical system that contains two independent variables.
Bi Variate
Data that has two variables is known as bivariate. The variables can be independant (not influencing each other) or dependant (having an impact on each other).
Big Data
Big data describes a large set of data that is continuously growing. The data is diverse and can include structured, semi-structured and unstructured data, which can be used for machine learning and advanced analytics.
A binomial can be defined as a polynomial with two terms. The two terms in a binomial expression are usually connected by a plus or minus symbol.
Binomial Test
Binomial test is a statistical procedure that tests the actual distribution to the expected distribution for two categories of data.
Block chain
A blockchain is a system of records (known as blocks) that are linked in a peer-to-peer network, also called cryptography. Individual blocks contain details of the preceding block such as the cryptographic hash, timestamp and transaction data.
Branding is a term used in marketing to describe the process of creating a name, logo, color scheme, etc. that can help distinguish a product from other competitors in the market.
Business Management
Business management encompasses all activities undertaken to help a business meet its stated goals. This includes controlling the use of a business’ resources, utilizing human capital and planning future endeavors efficiently.
Business Understanding
Business understanding, also known as business acumen, is the ability to grasp the current opportunities and risks facing a company and use this understanding to deliver results.
CRM Analytics
Customer Relationship Management (CRM) analytics refers to the use of technology to gather customer data and using that data to facilitate and streamline business decisions.
A chatbot is an AI software that uses natural language to simulate a conversation between a user. It functions based on what it has learned about how humans would generally behave and communicate.
Cluster analysis
Cluster analysis is a statistical technique that includes identifying certain commonalities in data and clustering them into groups accordingly.
Clustering is when multiple servers or instances can connect to a single database. Clustering can be very useful for high-volume databases as it offers a backup in case of a server failure. It also balances the load by automatically connecting users to servers that have the least load.
Cognitive Computing
Cognitive Computing are computerized models that simulate the thought processes of humans in order to find solutions to complex problems. It uses deep-learning algorithms backed by natural language processing, artificial intelligence and extensive data resources to function.
Collinearity is a statistical term for when two or more data points have a linear relationship.
Commercial UAVs
Commercial UAV or Unmanned Ariel Vehicles, also known as drones, are aircrafts that have no human pilot on board, such drones are flown for commercial purposes.
Comparative Analysis
Comparative analytics is the process of comparing two or more options (this can include processes, data, products, etc.) to make an informed decision.
Computer Vision
Computer vision is the ability of computers to see images in the same way that humans do. Through this technology, computers can recognize and process these images. Computer vision is related to artificial intelligence and includes the use of analog-to-digital conversion, video cameras and digital signal processes.
Computer Vision
Computer Vision is essentially a scientific field of study which enables computers to see and process images just the way human vision does.
Consumer Analytics
Consumer analytics includes processes that gather large volumes of customer data. The data can give businesses valuable insights into their customers, including their behavior, likes and dislikes. This helps business make informed decisions regarding marketing and customer relationship management.
Continuous Intelligence
Continuous Intelligence refers to real-time analytics data wherein continuous business values are derived from all the data.
Conversion Rate
A conversion rate is the percentage of how many viewers completed a specific action on a website versus the total number of website visitors.
Crowd Sourcing
Crowdsourcing is defined as process of getting information regarding a certain product, object, idea, project, etc., from people on the internet through surveys and social media platforms.
Data Centre
A data centre is a collection of computer servers (in some cases, switches, firewalls and routers as well), that is used to store, process and distribute huge amounts of data.
Data Engineering
Data engineering is a branch of data science that deals with the mechanisms of collecting and analyzing data. Data engineers ensure that data being 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 limit.
Data Management
Data Management is related to everything involved in utilizing data as an indispensable resource. It involves the acquiring, storing, and protection of data all in a bid to ensure the data remains accessible and reliable.
Data Modelling
Data modeling 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.
Data Preparation
Data Preparation refers to the process of working on raw data (accessing, collecting and consolidating it) and putting them together in one file for analysis.
Decision Management
Decision Management refers to a type of business management that looks at aspects such as designing, building, and managing automated decision-making systems that organizations use in order to stay connected to customers, vendors, suppliers, employees, etc.
Deep Neural Nets (Deep Learning)
This is a machine learning method which uses sophisticated mathematical modeling to process data in complex ways.
Deep learning
Deep learning is an area of machine learning and artificial intelligence in which algorithms can perform unsupervised learning of large volumes of unstructured data.
Descriptive Analytics
Descriptive analytics utilizes historical data that to draw an understanding of more recent events or changes that have taken place in an organization. Insights gained through descriptive analytics can provide useful insights that can be used for future analysis.
Statistically, deviance refers to the variance of a statistic in comparison with the overall statistical model.
Diagnostics Analytics
Diagnostic analytics makes use of data to understand the causal factors of an event. It includes techniques like correlations and data mining to uncover the real causes of a specific event or action.
Digital Ethics
Digital Ethics is the study focusing on how one can manage themselves ethically, responsibly and professionally via digital platforms.
Digital Transformation
Digital transformation involves the use of technology to bring about transformation in business processes, the internal culture of the organization and in customer relationship management.
Dimensions is used in terms of measurements, to measure the overall extent or quantity of a particular object.
Elasticity is a measurement of how sensitive a variable is to changes in any other variable. For businesses, elasticity can refer to the relationship between demand and price.
Embedded Analytics
Embedded Analytics is a tool that focuses on data analysis and business intelligence, making it more accessible through various process applications so that users can work smarter and efficiently.
Ensemble Learning
Ensemble Learning is a paradigm of machine learning wherein multiple learners are trained to solve a particular problem. This helps in generating better predictive performance.
Evaluation is the analysis of a subject based on a specific set of criteria.
Event Stream Processing
Event stream processing or ESP, is a kind of technology designed to assist the construction of event-driven information systems.
Explanation based learning
Explanation-based learning (EBL) is a branch of machine learning that uses existing domain knowledge to improve learning, to form a generalization or to develop concepts.
An exponent indicates how many times a certain number needs to be multiplied by that number. Exponential refers to the rate of increase of a certain value.
Extreme value
An extreme value could be either a minimum value or a maximum value in a data set.
FPGA Accelerators
Field Programmable Gate Arrays of FPGA Accelerators are servers that allow developers to offload repetitive processing functions in workloads to quicken an application’s performance.
A failover is when functions of a system are automatically transferred to a secondary system when the primary system encounters a failure.
Fiscal Year
A fiscal year, or financial year, is a specific period used for accounting and tax purposes.
Forecasting is the process of making predictions of the future by analyzing past data and understanding current and past trends.
GPU Accelerators
GPU-accelerators are a computing method that blends a graphics processing unit (GPU) along with a computer processing unit (CPU) in order to facilitate processing-intensive operations such as deep learning, analytics and engineering applications.
Gap Analysis
Gap analysis is a method that helps companies identify their current state and goals for the future. Based on this, companies can identify gaps in current processes and chart out a strategy to achieve the set targets.
Genomics hails from a branch of biology which exclusively deals with everything concerned with genomes – the complete set of genes and or genetic materials in an organism.
Geometric distribution
Geometric distribution refers to the number of failures or trials required before a success.
Geometry is a branch of mathematics that deals with the properties of lines, space, points, shapes and surfaces.
Graph Analytics
This term is used to determine the strength and direction between objects in a graph.
Graph Database
A graph database is a database that includes graphs containing nodes (representing an entity like a person) and edges (representing the relationship between nodes).
Guided Analytics
Guided Analytics in data science is essentially the process of guiding the end user through the same analytics workflow, by exposing only the parameters of interest and through a comfortable sequence of web pages.
Heterogenous refers to items or substances that are different from each other.
Historical Data
Historical data refers to data that has been collected in the past. This is often used as a basis for forecasting future trends.
Homogenous refers to items or substances that are similar to each other.
Human-In-The-Loop or HITL is branch of Artificial Intelligence that requires human interaction, combining these two in a virtuous cycle.
A hypothesis is a proposed idea that is based on available information. The hypothesis is further investigated into through experiments and studies.
Hypothesis Testing
Hypothesis testing is used in statistics to determine whether to accept or reject the null hypothesis.
Image recognition
Image recognition is the ability of computer technology to identify people, places, animals, objects and written figures.
Independent Variable
A variable that does not depend on other variables is known as an independent variable. An independent variable can be manipulated to test the effects it has on dependent variables.
Inflation is when the price of commodities increases while the purchasing value of money decreases.
Innovation is the process of developing and adopting new creative techniques of production or ways of thinking.
An insight is an in-depth and accurate understanding of a complex problem.
Integration is a mathematical term used when an equation demands finding an integral or integrals.
Intelligence refers to the ability to understand concepts, make judgements and apply knowledge gained.
IoT (Internet of Things) is the network of interrelated physical devices that are connected to the internet, possess unique identifiers and can transfer data through the network independently.
IoT Edge Analytics
IoT Edge Analytics is a tool that lets companies and organizations process data which are closer to its source. It allows data to be produced by sensor-rich assets or devices all pre-processed in real time.
Used in computer programming, Iteration refers to a set of instructions being repeated for a particular number of times or until the condition is met.
Knowledge Graphs
Knowledge Graph is a knowledge base used by Google for the enhancement of its search engine’s results with information gathered from a variety of sources.
LatentView Analytics is one of the world’s largest and fastest growing digital analytics firms. We help companies drive digital transformation by helping them combine digital and traditional data to gain a competitive advantage.
A linear equation forms a straight line when the points are plotted on a graph.
Linear Regression
Linear regression is used in statistics to determine the relationship between independent variables and dependent variables. Using statistical calculations, it plots a trend line between variables to show the relationship between them.
Machine Learning
Machine learning is the use of statistical models and algorithms by computers to perform tasks without being explicitly programmed for them. Instead, computers access data and learn patterns in order to perform tasks.
Machine Learning
Machine Learning is a subset of Artificial Intelligence (AI) that essentially has computers learning and accessing data which would enable them understand perspectives of customers, business, trends, etc.
The act of making a map. In terms of data analytics, Mapping is a process which uses data that helps in profiling customers and your products potential in the market.
Marketing Mix Modeling
Marketing Mix Modeling (MMM) refers to statistical analysis that helps in quantifying the value of marketing variables. MMM uses multiple regression on sales and marketing time series data which helps in identifying its impact and future.
An arithmetic mean is the average of all values in a data set. This value is obtained by dividing the sum of the values by the number of values.
The median is the value that lies at the midpoint when observed values are arranged in ascending order. If the number of observed values is even, the median is the average of the two values lying in the middle.
A metric is a unit of measurement that can be used to assess and track performance over a period of time.
Mixed Reality
Mixed Reality is a cross between physical and virtual elements. In other words, it is a hybrid system that blends actual reality with virtual reality.
The mode is the value which appears most frequently in a set of values.
Moving Average
Moving Average is a technical indicator that allows investors to analyze the price trends. Working based on past prices, Moving Average helps irons out price action and in identifying the direction of the trend and its resistance levels.
Multivariant analysis
Multivariant analysis is a technique used for analysis of data that contains two or more independent variables in order to predict a value of a dependent variable.
NLP or Natural Language Processing is a subfield of linguistics, computer science, information engineering, and artificial intelligence that focuses on the interactions between computers and human languages.
Natural-Language Generation
Natural Language Generation or NLG is when data is turned to the English language for better understanding. This AI technology is mostly used by enterprises and organizations mostly related to better engagement with customers.
Neuromorphic Hardware
Neuromorphic hardware refers to any electronic device which imitates the natural biological structures of a human being’s nervous system.
Nominal may refer to a value of something before it is changed. It is used in terms of an unadjusted rate or the change in value.
Normal Distribution
Normal Distribution is term used in probability theory that refers to real-valued random variables whose distribution is unknown. Symmetric about the mean, Normal Distribution indicates that the data near the mean are more frequent in occurrence as opposed to the data far from the mean.
Normalization refers to the process of structuring a database in a bid to improve data and remove redundancy or other undesirable anomalies.
Open CV
Open CV (Open Computer Vision) is one of the most popular open source library for real-time computer vision and machine learning.
Optimization refers to the process of increasing achievable performance by eliminating undesirable factors. It functions on the principle of find an alternative despite constraints all done at minimal cost and time.
Ordinal is used in describing the sequence in which something is related to other of its kind.
PDF or Portable Document Format (PDF) is a multi-platform document format used for saving publications or documents in a standard way, making it easy to view and share.
Percentile is used in statistics to understand and interpret a set of data. It refers to a value where a certain percentage of scores fall below that number.
Predictive Analytics
Predictive Analytics is term used when information from the given data is taken into account in order to determine its future outcomes and trends.
Predictive Modelling
Predictive Modelling is the act of using given data in order predict its outcome and future behavior. It generates a data model which is made by analyzing historical data and current data.
Prescriptive Analysis
This term is referred to as finding the best course of action bearing a situation in mind. A term from business analytics, it seeks to come up a good solution within its given parameters.
Prescriptive Analytics
Prescriptive Analytics is a type of data analytics used when the best course of action is taken within its parameters. This action helps in determining the future’s outcome, risks and helps in making potential decisions.
Profit refers to a revenue gain that benefits the owner or business. It exceeds the costs, taxes and other expenses. It is essentially the surplus amount you get after total cost is deducted from the total revenue.
Python is a high-level programming language helps one learn and integrate systems effectively, with particular emphasis on code readability.
This refers to the use of analysis or judgement based out information that are immeasurable or non-quantifiable. This is not driven by numbers and, hence, heavily relies on social interactions, experiments and other intangible approaches.
Quality Assurance
This term is used as a way of ensuring the quality of a service or product. It is particularly referred to the conviction that all the requirements will be fulfilled. Quality Assurance involves ensuring mistakes and defects are prevented, problems are solved and the quality is under control.
Quantile Deviation
It is a measure of spread, which essentially tells you how data is dispersed around a central point.
Quantile Range Outliers
The Quantile Range Outliers method of outlier detection uses the quantile distribution of the values in a column to locate the extreme values. Quantiles are useful for detecting outliers because there is no distributional assumption associated with them. Data are simply sorted from smallest to largest. For example, the 20th quantile is the value at which 20% of values are smaller. Extreme values are found using a multiplier of the interquartile range, the distance between two specified quantiles.
This refers to the use of numbers or figures or statistics, essentially a method that warrants a measurable approach in order to determine its result.
Real Time Analytics
Real Time Analytics is simply the analysis of data immediately after it’s made available, thereby leaving no room for any delays.
Real Variable
A Real Variable is to a variable wherein real numbers are assigned as values. In financial terms, it is measured at constant prices.
Regression is a statistical measure used in determining the relationship between mean value of one variable (dependent) and the corresponding values of the other variables (independent).
Regular Expressions
Regular Expressions are essentially defined as character sequences that help in pattern matching with strings in order to define a search pattern.
Reinforcement learning
Reinforcement Learning is a paradigm of Machine Learning which focuses on taking action in a bid to maximize reward. It prompts software’s and machines to identify the best method, behavior or path based on what the situation demands.
Resource refers to the main supply that is required for the accomplishment of a certain activity. It can be measured or qualitative too.
Robotic Process Automation Software
A Robotic Process Automation Software is a type of technology that enables anybody to configure computer software, or a “robot” to emulate and integrate the actions of a human interacting within digital systems to execute a business process. In other words, it is a software for artificial intelligence workers.
Sampling is used in statistical analysis to predetermine observations and inputs of a large population. Sampling takes less time as it uses a defined procedure and helps in inferring the characteristics of a population.
Sensitivity is a statistical term used to measure the proportion of samples that are positive. The rate of sensitivity depends on how positive the samples are.
Skewness is the asymmetry or lack of symmetry found in data distributions. It can be positive, negative or undefined, with the value depending on the lack of symmetry of a real-valued random variable.
Snapshots are used in storage systems in order to enhance data protection and solve data backup problems.
Social Media Analytics
Social Media Analytics is defined as the analysis of data obtained from various social media platforms in order to track what customers and users have to say about a certain product or business. Social Media Analytics use various helpful tools for gathering data and determining performance.
Solution Requirements
Solution requirements in a business analysis specify the conditions and capabilities a solution has to have in order to meet the need or solve the problem and provide clarity around delivery needs. They don’t define how the solution will solve the problem technically or specifically; that happens later.
Spark is a technology used in the analytics and big data realmd. It is an open source processing engine built around speed, ease of use, and analytics.
Speech Analytics
Speech Analytics is the process of analyzing audio files and call recordings with the software identifying words and analyzing patterns to detect emotions and stress in a speaker’s voice. This tool helps in improving communication and working on changes that would benefit client-enterprise interactions.
Statistics is a term that works with and relies on data collection, analysis, and interpretation. Statistics help in characterizing a data set and disseminating information in the field of economics, science, health and many others.
Supervised learning
Supervised Learning is when an algorithm or machine is made to learn mapping function from input to output, wherein the input and the desired output value are already provided. In other words, the machine learns from the training data set just like how a teacher would supervise the learning process of a student.
Temporal is related to the concept of time, associated with a sequence of time or to a particular time.
Text Analytics
Text Analytics is the process of drawing meaning out of written communications, often used in the context of enhaving customer experience. This involves examining text and finding patterns or interests that would influence the action.
Text Mining
Text Mining is a method of analyzing unstructured data. In other words, it derives high quality information from texts. The data is a large amount, and is thus processed and structured using software’s that identify patterns, topics, keywords etc.,.
Time Series
Time Series refers to a sequence of numerical data indexed at equally spaced points. This is used to track the movement and progress of each of the data points.
Time Series Modelling
Time Series Modelling is a method of forecasting or prediction, wherein time-based data are used to gather further insights. Time-based data include data that have been tracked for a stipulated time period and have been analyzed so as to make an informed decision later.
Trend Analytics
Trend Analytics are data analytics that are bound by two points. It’s a business-driven approach that helps in capitalizing at the right time based on current trends.
Uni Variate
A mathematical term, univariate is used to describe data which consists of observations based on a single characteristic.
Uniform is a term used to ensure that a group things are standardized or identical.
In terms of data, a union is a user-defined data type available in C which contains variables of other data types in the same memory location.
Univariate analysis
This form of analyzing data carried out on only a single variable. In such an analysis, each variable is a data set is carefully explored and summarized.
Unknown Variable
A value of a variable which unspecified, mysterious or arbitrary is an Unknown Variable.
Unstructured Data
Unstructured Data refers to information that aren’t properly arranged in a database. Unstructured data includes texts and multimedia content that does not fit neatly in a database.
Unsupervised learning
Unsupervised Learning is when an AI (Artificial Intelligence) algorithm or machine is learnt to generate output without the existence of any labels. The algorithm is made to work on its own, based on the information provided without the presence of any guidance or help.
VPA-Enabled Wireless Speakers
Virtual Personal Assistants (VPA) – Enabled Wireless Speakers are wireless devices or applications that use artificial intelligence and simulates commands and conversations prompted by a human being.
A variable refers to a numeric value, characteristic or quantity which increases or decreses based on the situation.
Venn Diagram
A Venn Diagram refers to a mathematical set which is pictorially represented. It appears as multiple overlapping closed curves which is used to organize information visually.
Video/Image Analytics
Video/Image analytics are tools that categorizes images and videos from social media, and sorting them according to everything applied to text: gender, age, facial expressions, objects, actions, scenes, topics, sentiment and brand logos.
Virtual Assistants
This is a term used to describe a particular profession pursued by humans that enable them to do administrative, technical or creative work from the comforts of their house or other remote locations.
Virtual Reality
Virtual Reality refers to a simulated environment created using computer technology, where the user is simply immersed inside the experience.
Visualization is a graphics method used in order to communicate a message, often done through images, animations or diagrams.
Developed in IBM’s DeepQA project, Watson is question-answering supercomputer system named after IBM’s founder Thomas J Watson.
Wealth Management
Wealth Management is a type of advisory service catering to individuals with a high net-worth. In other words, it is an investment advisory service wherein the individual’s requirements is analyzed and a specific strategy is devised for them.
Weather forecasting
Weather forecasting is a term that blends science and technology in order to predict and report the atmospheric condition of a particular location and time.
Web Analytics
Web Analytics is the analysis of the data based on the behavior of visitors in a particular website. It is essentially used to optimize on web pages so as to attract more visitors.
Web Design
Web design is simply defined as the process involved in creating websites. It bears various aesthetic factors in mind including layout, content and graphics.
0 (zero) is both a number and the numerical digit used to represent that number in numerals. The number 0 fulfills a central role in mathematics as the additive identity of the integers, real numbers, and many other algebraic structures. As a digit, 0 is used as a placeholder in place value systems.