
The Pareto Principle, commonly known as the 80/20 rule, is a foundational concept originating in economics but transcending into various domains, including computer science and software development. Named after Italian economist Vilfredo Pareto, this principle asserts that approximately 80% of effects stem from 20% of causes. In this article at OpenGenus, we'll explore how the Pareto Principle is applied in these fields, delve into the concept of the Pareto Distribution, and discuss its profound...
Published on October 19, 2023 12:39