CIO Definitions

This glossary explains the meaning of key words and phrases that information technology (IT) and business professionals use when discussing CIO strategy and related software products. You can find additional definitions by visiting WhatIs.com or using the search box below.

  • I

    IT skills gap (information technology skills gap)

    IT skills gap (information technology skills gap) is a term referring to the difference between existing workplace knowledge and the talents required to fulfill an IT organization's needs to align with business objectives.

  • IT strategic plan (information technology strategic plan)

    An IT strategic plan outlines a company's technology-enabled business management processes that it uses to guide operations and prioritize business goals.

  • IT strategist (information technology strategist)

    An IT strategist (information technology strategist) is someone in an organization who is given the responsibility and authority to establish initiatives that affect the organization's IT and business strategy.

  • IT strategy (information technology strategy)

    IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals.

  • IT transformation

    IT transformation is a complete overhaul of an organization's information technology (IT) systems.

  • ITAA (Information Technology Association of America)

    The ITAA (Information Technology Association of America) is a trade organization of corporations involved with all aspects of information technology.

  • ITIL v3

    ITIL v3 is the third version of the Information Technology Infrastructure Library, a globally recognized collection of best practices for managing information technology (IT).

  • ITSO (International Technical Support Organization)

    ITSO (International Technical Support Organization), a creation of IBM and its Lotus and Tivoli subsidiaries, provides information technology (IT) professionals and customers with technical information, assistance, guidance, and training.

  • K

    key risk indicator (KRI)

    A key risk indicator (KRI) is a metric for measuring the likelihood that the combined probability of an event and its consequence will exceed the organization's risk appetite and have a profoundly negative impact on an organization's ability to be successful. 

  • kludge

    In information technology, a kludge (pronounced KLOOdzh) is an awkward or clumsy (but at least temporarily effective) solution to a programming or hardware design or implementation problem.

  • knowledge

    In information technology, knowledge is, to an enterprise or an individual, the possession of information or the ability to quickly locate it.

  • L

    labor arbitrage

    Labor arbitrage is the practice of making use of the least costly labor for producing products or goods.

  • labor automation

    Labor automation refers to the use of technology to perform specific tasks or jobs traditionally done by humans. As artificial intelligence and machine learning become integral to labor automation, experts believe entire jobs, not just specific tasks, will be automated.

  • LBO (leveraged buyout)

    An LBO or leveraged buyout is the purchase of a company or single asset using a large amount of borrowed money, supplemented with some equity from the acquirer.

  • leadership

    Leadership is the ability of an individual or a group of individuals to influence and guide followers or other members of an organization.

-ADS BY GOOGLE

SearchCompliance

SearchHealthIT

SearchCloudComputing

SearchMobileComputing

SearchDataCenter

Close