Meaning of the word quantification in English

What does quantification mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

quantification

US /ˌkwɑːn.t̬ə.fəˈkeɪ.ʃən/
UK /ˌkwɒn.tɪ.fɪˈkeɪ.ʃən/

Noun

the act or process of quantifying something

Example:
The quantification of risk is essential for financial planning.
Accurate quantification of data is crucial for scientific research.