D - Definitions
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D
data collection
Data collection is the process of gathering data for use in business decision-making, strategic planning, research and other purposes.
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data governance policy
A data governance policy is a documented set of guidelines for ensuring that an organization's data and information assets are managed consistently and used properly.
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data latency
Data latency is the time it takes for data packets to be stored or retrieved. In business intelligence (BI), data latency is how long it takes for a business user to retrieve source data from a data warehouse or BI dashboard.
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data monetization
Data monetization is the act of measuring the economic benefit of corporate data.
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data privacy (information privacy)
Data privacy, also called information privacy, is an aspect of data protection that addresses the proper storage, access, retention, immutability and security of sensitive data.
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data protection impact assessment (DPIA)
A data protection impact assessment (DPIA) is a process designed to help organizations determine how data processing systems, procedures or technologies affect individuals' privacy and eliminate any risks that might violate compliance.
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data storytelling
Data storytelling is the process of translating data analyses into understandable terms in order to influence a business decision or action.
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decentralized autonomous organization (DAO)
A decentralized autonomous organization (DAO) is a management structure that uses blockchain technology to automate some aspects of voting and transaction processing.
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decision support system (DSS)
A decision support system (DSS) is a computer program application used to improve a company's decision-making capabilities.
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demand shaping
Demand shaping is an operational supply chain management (SCM) strategy where a company uses tactics such as price incentives, cost modifications and product substitutions to entice customers to purchase specific items.
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deputy CIO (deputy chief information officer)
Deputy CIO (chief information officer) is a role within some organizations that generally has responsibility for overseeing day-to-day information technology (IT) operations.
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device ID (device identification)
A device ID (device identification) is an anonymous string of numbers and letters that uniquely identifies a mobile device such as a smartphone, tablet or smartwatch.
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digital culture
Digital culture refers to the behaviors, practices and values that develop from the use of digital technologies.
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digital disruption
Digital disruption is the change that occurs when new digital technologies and business models affect the value proposition of existing goods and services.
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digital economy
The digital economy refers to the economic activities that emerge from connecting individuals, businesses, devices, data and operations through digital technology.
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digital ecosystem
A digital ecosystem is a group of interconnected information technology resources that can function as a unit.
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digital enterprise
A digital enterprise is an organization that uses technology as a competitive advantage in its internal and external operations.
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digital innovation
Digital innovation is the adoption of modern digital technologies by a business.
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digital labor
Digital labor is work that is performed by robotic process automation (RPA) systems.
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digital leadership
Digital leadership is the strategic use of a company's digital assets and emerging technologies to achieve business goals. A digital leader is a person who guides this digital approach within an organization.
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digital platform
A digital platform is a web-based structural software package that speeds and eases transactions among users.
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digital process automation
Digital process automation (DPA) uses low-code development tools to automate processes that can span multiple applications.
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digital strategy (digital media strategy)
A digital strategy, sometimes called a digital media strategy, is a plan for maximizing the business benefits of data assets and technology-focused initiatives.
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disruptive innovation
Disruptive innovation is the idea that when a product or service is introduced into an established industry and performs better and/or costs less than existing offerings, it can displace the market leaders and even transform the industry.
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distributed ledger technology (DLT)
Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.
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Dodd-Frank Act
The Dodd-Frank Act (fully known as the Dodd-Frank Wall Street Reform and Consumer Protection Act) is a United States federal law that places regulation of the financial industry in the hands of the government.
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dot-com bubble
The dot-com bubble, also referred to as the Internet bubble, refers to the period between 1995 and 2000 when investors pumped money into Internet-based startups in the hopes that these fledgling companies would soon turn a profit.
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What is digital transformation? Everything you need to know
Digital transformation is the incorporation of computer-based technologies into an organization's products, processes and strategies.