Digital business transformation Definitions

  • S

    Six Sigma

    Six Sigma is an approach to data-driven management that seeks to improve quality by measuring how many defects there are in a process and systematically eliminating them until there are as close to zero defects as possible.

  • SKIL Bill (Securing Knowledge, Innovation and Leadership Act)

    The Securing Knowledge, Innovation and Leadership Act, also called the SKIL Bill, was introduced in 2006 by the United States (U.S.) Congress with the intent of encouraging the immigration of people with certain professional skills into the U.S... (Continued)

  • SkunkWorks project (Skunk Works)

    A SkunkWorks project (also known as Skunk Works) is an innovative undertaking, involving a small group of people, that is outside the normal research and development channels within an organization.

  • smart machines

    A smart machine is a device embedded with machine-to-machine (M2M) and/or cognitive computing technologies such as artificial intelligence (AI), machine learning or deep learning, all of which it uses to reason, problem-solve, make decisions and even, ultimately, take action.

  • smart process applications (smart process apps)

    A smart process application is software that is designed to support an organization's business process management (BPM) efforts in a collaborative manner.

  • Social media management software (SMMS)

    Social media management software (SMMS) is a tool that allows organizations to monitor and analyze online conversations from different communication channels.

  • social network

    A social network, in technology parlance, is a website or other application where people, often of similar interests, come together to communicate with each other and share information including photos, videos, audio and written messages.

  • social shopping

    Social shopping is a type of e-commerce that seeks to involve people with similar tastes in an online shopping experience.

  • startup accelerator

    A startup accelerator, sometimes referred to as a seed accelerator, is a business program that supports early-stage, growth-driven companies through education, mentorship and financing.

  • startup company

    A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service.

  • steering committee

    A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.

  • systems thinking

    Systems thinking is a holistic approach to analysis that focuses on the way that a system's constituent parts interrelate and how systems work over time and within the context of larger systems.

  • T

    think tank

    A think tank is an organization that gathers a group of interdisciplinary scholars to perform research around particular policies, issues or ideas.

  • Total Quality Management (TQM)

    Total Quality Management is a management framework based on the belief that an organization can build long-term success by having all its members, from low-level workers to its highest ranking executives, focus on quality improvement and, thus, delivering customer satisfaction.

  • transactional leadership

    Transactional leadership is a leadership style where the executive relies on rewards and punishments to achieve optimal job performance from his or her subordinates.

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