Glossary
Here are some terms that were used throughout the book.
Data economics
A Data Economic Multiplier is the accumulated attributable and quantifiable “value” from using a data set against multiple business or operational use cases.
The Economics is the branch of knowledge concerned with the production, consumption, and transfer of wealth or value.
Economic Multiplier Effect states that an injection of new spending (exports, government spending, or investment) can lead to an outsized increase in final national income (Gross Domestic Product).
Economies of Learning measure an organization’s value creation effectiveness from continuously learning and adapting the organization’s data and analytic assets based on business and operational interactions. ...
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