What is mind mapping and how to do it?

 Mind mapping is a visual technique that involves representing information, concepts, or ideas in a diagrammatic or visual form.

It is a graphical way to organize and represent information in a hierarchical structure, starting from a central idea and branching out into related topics or subtopics. Mind maps are a powerful tool for brainstorming, organizing thoughts, problem-solving, note-taking, and planning.

A mind map consists:

What is edge computing?

Edge computing is a distributed computing paradigm that involves processing data near the source of data generation (at the "edge" of the network) rather than relying on a centralized cloud-based system. In traditional cloud computing, data is sent to a centralized data center for processing and analysis. However, in edge computing, processing is done locally on devices or edge servers, reducing the need to transmit data to a distant data center.

Key features of edge computing include:

1. Proximity to Data Source: Edge computing systems are located close to the devices or sensors that generate data. This reduces latency and enables real-time or near-real-time processing.

What is feature performance parity with examples?

     Feature performance parity" is a concept often discussed in product development and management, particularly in the context of software and digital products. It refers to a situation where different versions or implementations of a product have equivalent performance and capabilities with regard to specific features or functionalities.

Here's a breakdown of the key elements of feature performance parity:

The Fox and the Hedgehog concept

The Greek poet Archilochus wrote, "the fox knows many things, but the hedgehog knows one big thing.

With that, the world was divided into Foxes and Hedgehogs. We either belong to Foxes who see details in everything or to the Hedgehogs who have a great singular vision. 

In his 1953 essay, philosopher Isaiah Berlin used this parable and applied it in, "The Hedgehog and the Fox." He argued that the foxes pursue many goals and interests at the same time. As a result, their thinking is scattered and unfocused, and ultimately, they achieve very little. Hedgehogs, however, simplify the world and focus on a single, overarching vision, which they achieve successfully.

There are good examples how some of the great men were Foxes or Hedgehogs. 

Customer Acquisition process and Sales funnel

 A business cannot exists without it's customer.  Customer drive the revenue, the ultimate goal of every profit centric organization. That's why it's important for every business to grow it's customer base while continuing to serve existing customers.

The process of identifying potential customers and acquiring them using various tools and techniques is called customer acquisition process. The customer acquisition goes through a various phases of customer journey, often referred as customer lifecycle.

Vendor Selection scoring criteria for software applications

 

Selecting the right vendor for software applications is an important part of ensuring the success of a project.

Different software vendors use different technologies, tools, and platforms. Proper vendor selection helps ensure that the chosen vendor’s software is compatible with your existing IT infrastructure, applications, and systems.

Selecting a vendor with a good reputation and proven track record in delivering quality software applications reduces the risk of errors, bugs, and other quality issues. This can help ensure that the software works as expected and meets the needs of your organization.

Proper vendor selection can help you get the best value for your money. By selecting a vendor with a competitive pricing model, you can reduce the cost of software development and maintenance and ensure that the software fits within your budget.

Different organizations have different requirements when it comes to software applications. Proper vendor selection ensures that the vendor can provide the necessary customization and flexibility to meet your organization’s specific needs.

Proper vendor selection ensures that the vendor provides adequate support and maintenance for the software applications. This helps ensure that any issues or problems can be quickly addressed, minimizing downtime, and maximizing productivity.