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.
Data management is the implementation of policies and procedures that enable organizations to have control over business-critical data.
Data governance ensures that your data is consistent, reliable, accurate, and trusted in data-driven retrieval processes.
Correlation analysis refers to the application of statistical analysis and other mathematical techniques to evaluate or measure the relationships between variables.
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