Definitions Flashcards
(16 cards)
click-through
When a web visitor clicks on an advertisement or sponsored link and arrives at the “landing page” of a sponsor.
latency
The time delay in a computerized response caused by processing requirements or distance a signal must travel
metrics
Numbers with significant business relevance; guide the process of inquiry
real-time
Computer systems that provide a customized response immediately
churn rate
The portion of customers who leave within a year
default
Failure to pay interest or principal on a debt
efficiency
Delivering products or services of consistent quality whole minimizing the cost of doing so
fixed costs
Costs that do not increase or decrease with small changes in production; eg. salaries of current full-time employees
inventory
Finished good on hand and not yet sold
logistics
Planning for all physical stages of a commercial enterprise from the delivery of raw materials to a factory through delivery of products to customers
operational metrics
Metrics related to production, and in particular, to production efficiency
profitability
Net Income, or gross sales minus all accounted expenses during a certain time period
recurring-revenue customers
Customers who buy again repeatedly after a first sale
revenue
Gross income, the dollar amount of sales booked during a certain time period
risk
The chance of a major negative event such as a product recall, default on a debt, insolvency, etc.; also used to refer to volatility (standard deviation) of returns from an investment
Data Scientist
Recommends and designs new technologies including real-time or just-in-time data processing, in particular, predictive analytics using machine learning
