Glossary of Data Science and Data Analytics

What is a Business Continuity Plan?

DATA & ANALYTIC STRATEGY ROADMAP

A Business Continuity Plan (BCP) is a detailed document that shows how a business will continue to operate in the event of an unplanned interruption in service. BCP is not just a regulatory requirement in many industries, it should be considered as a guideline that can be used to reduce the time it takes for things to return to normal. Plays an important role in the Business Flexibility of an organization

Failure to respond quickly to sudden outages such as a cyber attack can result in loss of earnings, impaired data integrity, reputational damage, civil litigation and possible punishment by regulatory authorities.

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Discover Glossary of Data Science and Data Analytics

What is R?

R is an open source programming language used for statistical analysis. Includes a command-line interface and various graphical interfaces.

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What is Vector Database (Vector DB)?

Especially in machine learning and natural language processing (NLP) projects, data is often represented as numerical vectors. At this point, traditional databases may be insufficient to manage vector-based data. This is where Vector Database (Vector DB) comes into play.

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What is Hyperparameter Tuning?

Hyperparameter tuning is a technique used to optimize the performance of machine learning models. Hyperparameters are predetermined parameters that do not change throughout the learning process of the model. Correct selection of these parameters can significantly improve the accuracy of the model, the ability to generalize, and the computational efficiency.

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