BI and big data Definitions

  • A

    academic analytics

    Academic analytic's is the application of business intelligence (BI) tools and strategies to guide decision-making practices in educational institutions.

  • Agile business intelligence (BI)

    Agile business intelligence (BI) is a fast and flexible process that uses agile software development (ASD) methodologies to enable rapid development and allow users to efficiently adapt intelligence-based strategy to business needs.

  • B

    big data as a service (BDaaS)

    Big data as a service (BDaaS) is the delivery of statistical analysis tools or information by an outside provider that helps organizations understand and use insights gained from large information sets in order to gain a competitive advantage.

  • C

    chief experience officer (CXO)

    A chief experience officer (CXO) is an executive who ensures positive interactions with an organization's external customers. The job title "chief experience officer" is increasingly replacing that of Chief Customer Officer in retail and entertainment industries and Chief Activity Officer in healthcare and travel.

  • Cognos

    Cognos is IBM's business intelligence (BI) and performance management software suite. The software is designed to enable business users without technical knowledge to extract corporate data, analyze it and assemble reports.  

  • D

    data collection

    Data collection is a process for gathering information from different sources. In business, data collection helps organizations answer relevant questions and evaluate possible business outcomes.

  • data latency

    Data latency is the time it takes for data packets to be stored or retrieved

  • data management platform (DMP)

    A data management platform (DMP), also called a unified data management platform (UDMP) is a centralized computing system for collecting, integrating and managing data large data sets from disparate sources.

  • data products

    A data product is digital information that can be purchased. 

  • data science

    Data science is the study of where information comes from, what it represents and how it can be turned into a valuable resource in the creation of business and IT strategies.

  • data storytelling

    Data storytelling is the process of translating complex data analyses into layman's terms in order to influence a decision or action.

  • digital strategy (digital media strategy)

    A digital strategy is a blueprint for managing customer-facing information technology (IT) initiatives. It requires marketing and IT to work together closely.

  • E

    embedded analytics

    Embedded analytics is the integration of business intelligence (BI) tools and capabilities into business software, including customer relationship management (CRM), enterprise resource planning (ERP), marketing automation and financial systems.

  • enterprise IT (enterprise-class IT)

    Enterprise IT, also known as enterprise-class IT, is hardware and software designed to meet the demands of a large organization. In comparison to consumers and small companies, an enterprise has greater requirements for availability, reliability, scalability, performance and security, among other things.

  • I

    interim CIO (interim chief information officer)

    An interim CIO is an experienced chief information officer employed by a company on a temporary basis to lead or transform its IT organization.

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