Whois & Analysis for kosh.ai

Finance is the study and discipline of money, currency and capital assets.

It is related to and distinct from Economics which is the study of production, distribution, and consumption of goods and services.

The discipline of Financial Economics bridges the two fields.

Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance.

Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task.

In a more general sense, it is the ability to do things well, successfully, and without waste.

Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.

Automation describes a wide range of technologies that reduce human intervention in processes, mainly by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines.

Automation has been achieved by various means including mechanical, hydraulic, pneumatic, electrical, electronic devices, and computers, usually in combination.

Complicated systems, such as modern factories, airplanes, and ships typically use combinations of all of these techniques.

The benefit of automation includes labor savings, reducing waste, savings in electricity costs, savings in material costs, and improvements to quality, accuracy, and precision.

Accuracy and precision are two measures of observational error.

Accuracy is how close a given set of measurements (observations or readings) are to their true value, while precision is how close the measurements are to each other.