Glossary of Data Science and Data Analytics

What is R?

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R is an open source programming language used for statistical analysis. Includes a command-line interface and various graphical interfaces. Popular types of algorithms are linear and nonlinear modeling, time series analysis, classification, and clustering. According to Gartner research, more than 50% of data science teams currently use R to a certain capacity. The R language competes with commercial products such as SAS and Fuzzy Logix.

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Discover Glossary of Data Science and Data Analytics

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 AutoML?

Automated machine learning, called AutoML (Automated Machine Learning) in the field of artificial intelligence and machine learning, describes integrated software platforms for the creation, training and optimization of a machine learning model.

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What is a Data Warehouse (DWH)?

A data warehouse (often abbreviated as DW or DWH) is a centralized “data warehouse” capable of integrating a variety of sources. It provides a separate environment from operational systems.

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