Reinforcement learning: the future of machine learning

Reinforcement learning: the future of machine learning

Reinforcement learning is a method of machine learning in which an agent learns to fulfil a specific task by interacting with its environment. The agent receives rewards or punishments for its actions, enabling it to optimise its actions and achieve goals. This method is based on the principle of trial and error, in which the agent learns to make optimal decisions through experience. Reinforcement learning has become increasingly popular in recent years due to its wide range of applications and [...]

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3. State-of-the-art CAD model of a building with digital infrastructure and smart technologies.

The future of work: hybrid working models

Hybrid working models have established themselves as a significant development in the modern working world. These models combine working in the office with the ability to work from home. The COVID-19 pandemic has demonstrated the ability of many organisations to enable effective remote working, which has led to a re-evaluation of traditional working structures. Studies show that hybrid working models can increase employee satisfaction and productivity. According to a 2021 survey by Gartner, 82%

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The future with cloud-native applications

The future with cloud-native applications

Cloud-native applications are software solutions specially designed for the cloud that optimally utilise the possibilities of the cloud infrastructure. They are designed for operation in a dynamic and scalable environment and are characterised by high flexibility and agility. In contrast to traditional applications developed for on-premise data centres, cloud-native applications are designed to fully exploit the advantages of cloud services such as automatic scaling, high availability and elastic use of resources. The development of cloud-native applications is often based on

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Corporation tax: Tax burden for companies

Corporation tax: Tax burden for companies

Corporation tax is a direct tax levied on the profits of corporations and other legal entities. It represents a significant source of income for the state and contributes substantially to the financing of public tasks. The assessment basis for corporation tax is the taxable income of the company, which is calculated in accordance with specific tax regulations. In Germany, the corporation tax rate has been a uniform 15 per cent since 2008. In addition, a solidarity surcharge of 5.5

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What is a good corporate culture?

What is a good corporate culture?

Corporate culture is a fundamental aspect of any organisation and encompasses the shared values, norms, beliefs and behaviours within a company. It significantly influences the working environment, decision-making and interactions between employees. A strong corporate culture can promote employee identification with the company and cohesion, while a weak or negative culture can lead to dissatisfaction and reduced motivation. The characteristics of a corporate culture can be seen in various areas, such as

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Housing management: tasks and cooperation

Housing management: tasks and cooperation

Flat management is an essential part of property management. It comprises various areas of responsibility that ensure the smooth running of the tenancy between tenants and landlords. The main tasks include the letting of residential units, the billing of operating costs, the maintenance and servicing of the property and communication between all parties involved. Effective property management is characterised by expertise, reliability and transparency. It has in-depth knowledge of tenancy law and ensures the correct management of the property.

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Customer loyalty: How companies build long-term customer relationships

Customer loyalty: How companies build long-term customer relationships

Customer loyalty is a key factor for the long-term success of companies. Studies show that acquiring new customers is on average five to seven times more expensive than retaining existing customers. It therefore makes economic sense for companies to prioritise customer loyalty as a strategic goal. Loyal customers generate stable and predictable sales. They buy more frequently, spend more per transaction and are less price-sensitive. According to a study by Bain & Company, a

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Use cases for low-code and no-code platforms

Use cases for low-code and no-code platforms

Low-code and no-code platforms are innovative application development technologies that simplify and accelerate the development process. Low-code platforms enable the creation of applications with minimal manual programming effort, while no-code platforms do not require any programming at all. These technologies are becoming increasingly important in the business world as they increase efficiency and reduce development costs. The platforms offer user-friendly interfaces with drag-and-drop functionality, ready-made components and integrations to other systems. This also enables employees without extensive

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Efficiently manage commercial property

Efficiently manage commercial property

The efficient management of commercial properties is a key factor for the sustainable success of property investments. Professional commercial property management ensures the optimal use of the property, maximises rental income and minimises operating costs. It also makes a significant contribution to maintaining and increasing the value of the property in the long term. In a highly competitive market environment, this is of particular importance for investors and owners seeking to optimise their returns. The range of tasks involved in efficient commercial property management covers various areas:

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What you need to know about trade tax

What you need to know about trade tax

Trade tax is a municipal tax paid by companies and the self-employed on their trade income. It is an important source of income for municipalities and is used to finance local infrastructure and public services. It is calculated on the basis of trade income, which is derived from company profits. The trade tax rate is set individually by each municipality and usually varies between 200% and 500%. As a municipal tax, the collection and determination of trade tax is the responsibility of

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The role of the CIO: tasks and training

The role of the CIO: tasks and training

The Chief Information Officer (CIO) occupies a central position in companies. His or her main task is to develop and implement the IT strategy. The CIO is responsible for managing the IT infrastructure and ensuring that it meets business requirements. Another important area of responsibility is ensuring data security and protecting IT systems from cyber attacks. Working closely with other managers, the CIO ensures that the IT strategy is aligned with the company's objectives.

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Container technologies: efficiency and flexibility in use

Container technologies: efficiency and flexibility in use

Container technologies have undergone significant development in recent years. These technologies enable the execution of applications and their dependencies in isolated environments, which leads to improved portability and scalability. Compared to traditional virtual machines, containers share the host's operating system, which reduces resource requirements. This feature makes them particularly suitable for the use of microservices and the orchestration of applications in cloud environments. Docker, one of the best-known container platforms,

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Sales optimisation: Successful strategies for more sales

Sales optimisation: Successful strategies for more sales

Sales optimisation is a key aspect of a company's success. It enables companies to increase their sales, improve their market position and increase their competitiveness. An efficient sales strategy aims to market products and services specifically to the relevant target group and thereby achieve sales targets. Optimised sales can also strengthen customer loyalty and build lasting business relationships. By introducing efficient sales processes, companies can reduce their operating costs and

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3. State-of-the-art CAD model of a building with digital infrastructure and smart technologies.

The importance of corporate strategy

Corporate strategy is a central concept in strategic management and describes a company's long-term plan for achieving its goals and securing sustainable competitive advantages. It encompasses the definition of the company's fundamental direction, the allocation of resources and the coordination of activities across different business areas. An effective corporate strategy is based on a thorough analysis of internal strengths and weaknesses as well as external opportunities and risks. It takes into account factors such as market trends, the competitive landscape, technological

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What is ERP software?

What is ERP software?

ERP (Enterprise Resource Planning) software is a comprehensive management system for companies that integrates various business processes into a standardised platform. This software enables the efficient planning, control and management of company resources in areas such as finance, human resources, warehousing, production and sales. Core functions of ERP systems include Centralised data management Process automation Real-time reporting Improved collaboration between departments Optimised resource utilisation The implementation of ERP software requires careful planning and can have a significant impact on company operations. Companies must

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Deep Q-Networks: machine learning on steroids

Deep Q-Networks: machine learning on steroids

Deep Q-Networks (DQN) are an advanced method of machine learning based on the combination of deep neural networks and Q-learning. They are designed to solve complex sequential decision problems where an agent acts in an environment and learns to perform optimal actions. DQNs use a deep neural network to approximate the Q-function, which represents the expected future utility of an action in a given state. Through iterative training

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Futuristic city view with modern buildings and skyscrapers, ideal for CAFM software and facility management topics.

Legacy software: upgrade or replace?

Legacy systems play a central role in the modern corporate landscape and form the foundation for numerous business processes. These systems, which have often been in use for decades, have established themselves as reliable and robust platforms. They house critical company data and processes that are essential for smooth business operations. Many organisations rely on legacy software to run their day-to-day operations and achieve strategic goals. Because of their importance in areas such as ERP,

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