CRO
Conversion Rate Optimization (CRO) is the systematic process of increasing the percentage of website visitors who take a desired action, such as making a purchase or filling out a form.
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SOW
Statement of Work (SOW) is a formal document that outlines the scope, objectives, deliverables, and timelines for a project.
Benchmark Testing
The process of comparing design metrics to historical performance, competitive standards, or industry best practices to identify areas for improvement.
HITL
Human in the Loop (HITL) integrates human judgment into the decision-making process of AI systems.
Transformer
A type of model architecture primarily used in natural language processing tasks, known for its efficiency and scalability.
Cannibalization
The reduction in sales of a company's existing products due to the introduction of a new product by the same company.
Feasibility Study
An analysis that assesses the practicality and potential success of a proposed project or system.
Product Adoption Rate
The speed at which users start using a new product, typically measured as a percentage of the target market over a specific period.
Mnemonic Device
A memory aid that helps individuals recall information through associations, patterns, or acronyms.