Business automation and BPM Definitions

  • #

    99.999 (Five nines or Five 9s)

    In computers, 99.999 (often called "five 9s") refers to a desired percentage of availability of a given computer system.

  • A

    AI (Artificial Intelligence)

    Artificial intelligence is the simulation of human intelligence by machines.

  • atom

    An atom is a particle of matter that uniquely defines achemical element.

  • audit trail

    In accounting, an audit trail is the sequence of paperwork that validates or invalidates accounting entries.

  • B

    B2C (Business2Consumer or Business-to-Consumer)

    B2C is short for business-to-consumer, or the retailing part of e-commerce on the Internet.

  • B2E (Business2Employee or Business-to-Employee)

    B2E is business-to-employee, an approach in which the focus of business is the employee, rather than the consumer (as it is in business-to-consumer, or B2C) or other businesses (as it is in business-to-business, or B2B).

  • balanced scorecard

    The balanced scorecard is a management system aimed at translating an organization's strategic goals into a set of performance objectives that, in turn, are measured, monitored and changed if necessary to ensure that the organization's strategic goals are met.

  • benefit corporation

    Benefit corporation is a type of corporate structure recognized by some state governments in the United States. In addition to being profitable, a benefit corporation assumes the legal responsibility of considering its impact on society and the environment. 

  • Broadvision

    BroadVision makes sophisticated e-commerce software for companies who want to sell and service products over the Web.

  • bundling

    In purchasing, bundling is the practice of marketing two or more products or services in a single package with one price.

  • business activity monitoring (BAM)

    Business activity monitoring (BAM), also called business activity management, is the use of technology to proactively define and analyze critical opportunities and risks in an enterprise to maximize profitability and optimize efficiency... (Continued)

  • business integration

    Business integration is a strategy wherein the goal is not only to sync IT and business cultures and objectives, but also to assimilate technology into business strategy and goals.

  • business model innovation

    Business model innovation is the implementation of unique concepts to support a company's viability, including the development of new processes for delivering products and services to customers.

  • business process

    A business process is the flow of an activity -- or set of activities -- designed to accomplish a specific organizational goal. Business processes are often depicted visually with a flowchart showing a sequence of tasks with certain benchmarks or decision points.

  • business process automation (BPA)

    Business process automation (BPA) is the technology-enabled automation of activities or services that accomplish a specific function or workflow.

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