Digital business 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.

  • Adobe Flash Player

    Adobe Flash Player is software used to stream and view video, audio and multimedia and Rich Internet Applications (RIA) on a computer or supported mobile device.

  • B

    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.

  • C

    CFO (Chief Financial Officer)

    CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the company's financial operations and strategy.

  • Chief Digital Officer (CDO)

    A chief digital officer (CDO) is an executive enlisted to help businesses transform traditional IT policies and business processes to accommodate digital sectors such as mobile technology and applications and Web-based information management and marketing trends.

  • competitive advantage

    Competitive advantage is the favorable position an organization seeks in order to be more profitable than its rivals.

  • crowdsourcing

    Crowdsourcing is the practice of turning to a body of people to obtain needed knowledge, goods or services.

  • 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 products

    A data product is digital information that can be purchased. 

  • 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.

  • digital economy

    The digital economy is the worldwide network of economic activities, commercial transactions and professional interactions that are enabled by information and communications technologies.

  • digital ecosystem

    A digital ecosystem is a group of interconnected information technology resources that can function as a unit. In order for an ecosystem to operate efficiently, all components must be compatible.

  • digital transformation

    Digital transformation (DX) is the reworking of the products, processes and strategies within an organization by leveraging current technologies.

  • 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.

  • E

    enterprise social media

    Enterprise social media is a category of online communications channels dedicated to corporated-based input, interaction, content-sharing and collaboration.

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