Glossary

There’s a lot of specific business- and startup-related terms. What’s more important, there will be more. As the businesses expand, so does the terminologies. Preparing our glossaries, we aim at creating a clear, complete, and comprehensive lexicon for those wishing to expand their vocabularies.

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Artificial Neural Networks

Computer sciences have benefited from the achievements of other fields repeatedly. In 1943, Warren McCulloch and Walter Pitts created the mathematical model of neuron called the Threshold Logic Unit. Since then,...
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Machine Learning vs. Deep Learning

As the technology evolves, so does the vocabulary. There are many new terms, whose meaning is not quite clear. Machine learning and deep learning are good examples of names that are...
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What’s the Aim of Data Mining?

Since the beginning of mankind, information was the key factor for human progress. Whether it was how to make tools or where to catch animals, knowledge was extremely valuable and essential...
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What is Fuzzy Logic?

The laws of classical logic assume that a proposition must have a certain value – truth or false (in other words, 0 or 1). This is often called the law of...

AI vs. Machine Learning. What is What?

Artificial Intelligence is an extremely broad term, used to describe many aspects of machines that can mimic cognitive functions of the human mind. There are at least several definitions for this...

What is Deep Learning?

Right now, one of the hottest topics in artificial intelligence is deep learning. This field of research is growing rapidly and arouses a lot of discussions. While some say it is...
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Federal Open Market Committee – FOMC – Definition

The Federal Open Market Committee is the branch of the Federal Board responsible for determining the direction of monetary policy. It is composed of the board’s governors, which has seven members,...
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Startup Incubator – Definition

This term seems to stem from the modern business world, yet it is not a brand new concept. In 1956, Massey-Ferguson - the largest industry in Batavia, N.Y -, closed down,...
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The Idea of Seed Funding

What came first? The chicken or the egg? This dilemma remains unsolved, and it seems like no one ever will find a real and indisputable answer. When it comes to plants,...
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Artificial Intelligence – What is It?

Several years ago artificial intelligence was still just a matter of sci-fi movies and theoretical deliberation. Nowadays it is an integral part of our reality. Smart home devices, iOS assistant Siri,...