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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What is PalM and How Does It Work?

Google's PaLM (Pathways Language Model) is a model with advanced AI capabilities that pushes the boundaries of large-scale language models. PaLM is gaining traction in the AI world with its superior performance in natural language processing (NLP) and multitasking.

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What is Embedded Analytics?

It places analytics into a workflow or application at the point of need and allows users to take immediate action without having to leave the app to gain more information to make a decision.

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What is Zero Based Budgeting?

Zero-based budgeting is an effective tool for organizations to control costs, manage resources, improve business processes, and improve performance.

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