Article 1. DEFINITIONS was revised. Some definitions were amended, such as: “Agreement”, “Application”, “Confidential Information”, “Delivery Date”, “License Fee”, “License Model”, “Validity Period”, “Flexmonster Component”, etc., and new ones were added, such as: “Fees”, “Licensee”, “License Key”, “Maintenance”, “Maintenance Period”, “Maintenance Renewal Price”, “Open-Source Components”, “Proprietary Code”, “Support”, etc.
Article 2. SCOPE OF AGREEMENT was revised to consider additional regulations regarding granting Trial License or any license under the respective Commercial License Model. A clause on the provision of licenses to U.S. Government Licensees, clients, and/or end-users was added.
Article 3. GRANT OF LICENSE. LICENSE MODELS was revised to consider additional regulations regarding granting Trial License or any license under the respective Commercial License Model. A clause about Trial License was added. Clauses related to the renewal of Annual licenses were modified.
Article 4. RESTRICTIONS was revised to consider additional provisions regarding granting Trial License, use of Proprietary Code, export/re-export restrictions, and Licensee’s guaranties related to sanction and/or other trading compliance restrictions.
Article 5. MAINTENANCE was revised to consider additional regulations regarding granting a license under the respective Commercial License Model and provisioning of related Maintenance. New clauses about Updates and Feedback and provisions related to the renewal of Maintenance Period of Perpetual license were added.
Article 6. PAYMENTS was revised, and the payment term “in advance” was stipulated. Licensee’s obligation to cover all related taxes, bank costs, etc., related to the payment of Fees under Agreement was added, as well as the clause regulating Licensee’s default on payments and overdue payments.
Article 7. COPYRIGHT AND INTELLECTUAL PROPERTY RIGHTS provisions regulating open-source licenses were added. Annex No. 1 (Open-Source Components) now accompanies Agreement.
Article 8. CONFIDENTIALITY was revised to include prescribed mutual obligations of Parties.
Article 9. APPLICABLE LAW was revised, and it was added that the United Nations Convention for the International Sale of Goods or any successor to it does not apply to Agreement.
Article 10. WARRANTY was amended, and provisions related to exclusions of Flexmonster’s certain warranties or undertakings related to Flexmonster Software were added.
Article 11. INDEMNIFICATION was added to regulate mutual indemnification obligations of Flexmonster and Licensee.
Article 12. LIMITATIONS OF LIABILITY had editorial changes.
Article 13. DATA AND DATA PROTECTION was added to regulate Flexmonster compliance with its privacy policy, stipulate provisions about data collection and protection, the process of technical and related information about Licensee’s use of Flexmonster Software, etc.
Article 14. SUSPENSION AND TERMINATION was revised, and provisions related to the automatic termination of Agreement and the consequences of termination of Agreement were added.
Article 15. NOTICES was revised. The terms “Notice” and “Business Day” are defined now.
Article 16. ASSIGNMENT was revised.
Article 17. WAIVER was added.
Article 18. PUBLICITY was added to allow Flexmonster to publicly identify Licensee as a customer and user of Flexmonster Software.
Article 19. MODIFICATIONS was added to regulate modifications to Agreement.
Article 20. MISCELLANEOUS was revised, and provisions related to the entirety of Agreement and the incorporation of additional terms or conditions were added.
The modified version of Flexmonster Software License Agreement is available here.
Downloading, installing, and/or continuing to use Flexmonster Software after September 30, 2024, constitutes Licensee’s acceptance of the terms and conditions of the modified version of Flexmonster Software License Agreement. If Licensee does not agree to any of these terms and conditions, they must cease using Flexmonster Software and must not download, install, use, access, or continue to access Flexmonster Software. By continuing to use Flexmonster Software or renewing the license under License Model or Maintenance after the effective date of any modifications to Agreement, Licensee accepts and agrees to be bound by the terms and conditions of the modified Agreement.
Our business life and much of our experiences are grounded on the credence to numbers. We trust numbers as the means to reaching truth and objectivity in analysis, as well as confidence in conclusions. They tell us about the variety of important subjects, moreover, they present a distinction between what is accepted as harmless and what is supposed to be dangerous. And since data-driven decisions define the further course of actions we with the same rigour long for objectivity through numbers in business reports and in health issues.
In the last blogs, we mostly focused on few universal aspects of business reporting. We discussed data visualisation and storytelling impact on perception and effectiveness of business reports. This time, in order to reach more concrete insights, we will concentrate more on marketing analytics.
It is not a novel concept that data visualization is crucial for efficient business reporting. Essentially the purpose of reports is to decode abstract data into visual stories which can be understood in an efficient, precise, and meaningful way. Thus, business leaders need to invest in the ability to gather ideas and insights from their data through visualisation.
Among main benefits for executives, visual data displaying gives optimal support for the following:
Observing the big picture. As CEO is responsible for strategic development seeing the big picture is fundamental for any executive.
Recognising and analysing patterns and relationships among values. Taking actions in a business environment requires a deeper understanding of possible consequences based on the knowledge and a bit of intuition.
Identifying appearing trends faster. The speed of making decisions can play a significant role for competing in today’s global world.
After the battle between pie charts and bar charts, it is a good time to relax and explore scatter plots. Since last time we pointed out main goals of using charts and graphs and mentioned investigating trends and relationships between variables in the data. Exactly for this purpose, all types of scatter plots are typically used. A scatter plot shows values for usually two variables for a set of data. The data is displayed as a collection of points with positions on the horizontal axis set according to the values of one variable and positions on the vertical axis set under to the value of the other variable.
Last time we were exploring risk factors of having a coronary heart disease with the help of Flexmonster Pivot Table Component. In the process, we had been using a flat table, pivot table, and charts above all. This time, we will talk about using pie charts and bar charts for different purposes.
Selecting a type of chart depends primarily on what sort of data you have, at what stage of your analysis you are, and what message you want to convey. Generally, charts and graphs are used for one of the following purposes:
Last time we slightly discussed the role of data visualisation in exploration data analysis (EDA). As promised, this time, we are going to run such analysis using Flexmonster Pivot Table Component. For this work, we had chosen always actual health care topic.
"I see it, I deduce it...You see, but you do not observe."
A Scandal in Bohemia.
A week ago we started series of blogs about data visualisation with covering the main aspects of qualitative visualisations[1]. Followed by the logic of using visualisation on the different stages of a typical analytic process we proceed our way with describing the role of visualisation techniques in the exploratory data analysis (EDA). It is an actual topic as nowadays many EDA approaches have been assimilated into data mining, as well as into big data analytics.
One of the most important tools that analytical experts use for analyzing data is key performance indicators (KPIs). Flexmonster constantly monitors the latest trends and couldn’t help adding this feature to the Component. Usually a company needs to observe conditions of sales, profits, expenses, sold units etc. For such analysis they need KPIs - measurable or comparable metrics that are used to define and grade performance of a given measure. Indicators are determined based on company goals. It gives organizations the opportunity to assess their state and helps in forming development strategies, allows to control a business activity in real time.
