The pi function is an extension of the factorial, defined by $$\Pi (z)=\int_0^\infty t^ze^{-t} \,dt$$
By repeated Integration by Parts, we can see that it does indeed satisfy $\Pi(z+1)=z\Pi(z)$. By plugging in $z=0$, we see that $0!=1$., so its initial value is correct. By taking the derivative of this function wrt z, we get that $\Pi'(z)=\displaystyle\int_0^\infty t^z e^{-t}\log z \, dt$. This derivative is not used often.
A more commonly used extension of the factorial is the Gamma function, defined as$$\Gamma (z)=\int_0^\infty t^{z-1}e^{-t} \,dt$$ Note that $\Pi(z)=\Gamma(z+1)$. Its derivative is not used often, but its logarithmic derivative, $\frac{d}{dz}\log\Gamma(z)=\frac{\Gamma'(z)}{\Gamma(z)}$, is commonly used and is called the digamma function $\psi_0 (z).$