Business Flexibility is the ability of a business to continue operating in the event of an outage. Considerations for Business Flexibility are multifaceted. It covers, but is not limited to, processes, capacities, behaviors, and systems. For example, Business Flexibility is the capacity of a company to continue to supply products in the event of unforeseen disruptions in its supply chain. Equally, a company's ability to move its data in-house when its main cloud service provider faces a major outage can contribute to that company's level of Business Resilience.
Autonomous systems are technological frameworks that can execute specific tasks, adapt to environmental changes, and make independent decisions without direct human control or intervention. Utilizing sensors, artificial intelligence algorithms, machine learning, and data analytics capabilities, these systems perceive their environment, assess situations, and take appropriate actions.
Data contracts are formal agreements between the manufacturer of a data product and its consumers. These agreements clearly define the structure, format, quality criteria and conditions of use of the data.
Feature Engineering is one of the most labor-intensive and creative phases of the machine learning process. This process involves the transformation of raw data into more meaningful and processable properties. The basic principles of Feature Engineering include using domain knowledge, data discovery, understanding the nature of data, and problem-oriented thinking.
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