Glossary of Data Science and Data Analytics

What is Algorithm?

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Algorithm is mathematical logic or a set of rules used to perform calculations. Starting with an initial input (which can be zero or unvalued), logic or rules are encoded or written into the software as a series of steps to follow to perform calculations, process data or perform other functions, resulting in an output. Google is a great example of the “search” business algorithm. The searcher enters a search (or says it out loud), and Google delivers the relevant results to the searcher using the complex algorithm.

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What is IFRS?

IFRS (International Financial Reporting Standards), English and International Financial Reporting Standards, are a set of standards designed to ensure transparency, consistency and comparability in financial reporting.

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What is Hybrid Computing?

Hybrid computing is a technological approach that combines the components of private cloud, public cloud, and on-premises infrastructure into a single integrated computing ecosystem. This model allows businesses to operate a variety of workloads in an optimal environment.

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What is Llama?

Llama (Large Language Model Meta AI) is a large language model developed by Meta (formerly Facebook).

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