Digital business transformation Definitions

Search Definitions
  • I

    innovation process management (IPM)

    Innovation process management (IPM) a systematic approach to nurturing the creative capabilities of employees and creating a workplace environment that encourages new ideas for workflows, methodologies, services or products.

  • Instagram

    Instagram is a free, online photo-sharing application and social network platform that was acquired by Facebook in 2012.

  • 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.

  • Internet Advertising Bureau (IAB)

    The IAB (Internet Advertising Bureau) is an organization that fosters the growth of advertising on the Internet.

  • IPO (initial public offering)

  • ISO 20000

    ISO 20000 is a global standard that describes the requirements for an information technology service management (ISM) system. While ISO 20000 was developed to mirror the best practices described within the IT Infrastructure Library (ITIL)...(Continued)

  • IT asset management (ITAM)

    IT asset management (information technology asset management, or ITAM) is a set of business practices that combines financial, inventory and contractual functions to optimize spending and support lifecycle management and strategic decision-making within the IT environment.

  • IT elasticity

    IT elasticity is the ability to adapt an IT infrastructure to seamless changes without hindering or jeopardizing stability, performance, security, governance or compliance protocols.

  • IT prioritization

    IT prioritization is the process of initiating IT projects and procedures based on both the immediate and long-term needs of an organization.

  • IT project management

    Every IT project should begin with two questions: What business problem are we trying to solve? And does everyone agree it's worth the effort to solve it?

  • IT project manager

    An IT project manager is a professional charged with overseeing the process of planning, executing and delegating responsibilities around an organization's technology pursuits and goals.

  • IT service catalog

    An IT service catalog is a list of technology resources and offerings available from the IT service provider within an organization.

  • IT transformation

    IT transformation is a complete reassessment and overhaul of an organization's information technology (IT) systems in order to improve the efficiency and delivery in a digital economy.

  • 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).

  • K

    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-based systems (KBS)

    A knowledge-based system (KBS) is a form of artificial intelligence (AI) that aims to capture the knowledge of human experts to support decision-making.

  • L

    lean management

    Lean management is an approach to managing an organization that supports the concept of continuous improvement, a long-term approach to work that systematically seeks to achieve small, incremental changes in processes in order to improve efficiency and quality.

  • Lean Six Sigma

    Lean Six Sigma is a data-driven approach to improving efficiency, customer satisfaction and profits.

  • lean startup

    Lean startup is an approach to building new businesses based on the belief that entrepreneurs must investigate, experiment, test and iterate as they develop products.

  • M

    mbox

    The most common format for storing e-mail messages on a hard drive is the mbox format, in which all the messages for each mailbox are stored as a single, long, text file.

  • Merchant Customer Exchange (MCX) CurrentC

    Merchant Customer Exchange (MCX) CurrentC is a mobile payments application backed by some of the nation's largest retailers including Target, Walmart, CVS, Best Buy and Rite Aid, as well as banks like Capital One.

  • metacoin platform

    Metacoin platform is the information technology infrastructure that enables digital currency and digital asset transactions.

  • migration

    In information technology (IT), migration is the process of moving from the use of one operating environment to another operating environment that is, in most cases, thought to be a better one.

  • mobile experience

    Mobile experience, or mobile user experience (UX), is the practice of fostering a certain user perception before, during and after the interaction with a mobile product or offering.

  • N

    newsfeed

    A news feed (newsfeed) is list of newly published content on a website. End users can receive push updates for new content on a site by subscribing to the site's news feed. 

  • Nexus of Forces

    The nexus of forces is a concept developed by consultancy Gartner Inc. that describes how the convergence and mutual strengthening of social media, mobility, cloud computing and information patterns are creating new business opportunities.

  • Ning

    Ning iNing is an web-based social network platform that allows an organization to build customized social websites and interactive virtual communities. 

  • O

    onshore outsourcing (domestic outsourcing)

    Onshore outsourcing, also known as domestic outsourcing, is the obtaining of services from someone outside a company but within the same country.

  • OODA loop

    The OODA loop (Observe, Orient, Decide, Act) is a four-step approach to decision-making that focuses on filtering available information, putting it in context and quickly making the most appropriate decision while also understanding that changes can be made as more data becomes available.

  • Open Buying on the Internet (OBI)

    OBI (Open Buying on the Internet) is a proposed standard for business-to-business purchasing on the Internet, aimed particularly at high-volume, low-cost-per-item transactions.

  • organizational change management (OCM)

    Organizational change management (OCM) is a framework for managing the effect of new business processes, changes in organizational structure or cultural changes within an enterprise. Simply put, OCM addresses the people side of change management.

  • organizational goals

    Organizational goals are strategic objectives that a company's management establishes to outline expected outcomes and guide employees' efforts.

  • outcome economy

    Outcome economy describes an economy based on the marketing, pricing and selling of the results provided by goods and services rather than their face value.

  • outsourcing

    Outsourcing is a business practice in which a company hires a third-party to perform tasks, handle operations or provide services for the company.

  • Outsourcing: Glossary

    This is a glossary of terms related both to offshore outsourcing and outsourcing in general.

  • P

    PICK chart (Possible, Implement, Challenge and Kill chart)

    A PICK chart (Possible, Implement, Challenge and Kill chart) is a visual tool for organizing ideas. The purpose of a PICK chart is to identify which ideas can be implemented easily and have a high payoff.

  • pilot program (pilot study)

    A pilot program, also called a feasibility study or experimental trial, is a small-scale experiment that helps an organization learn how a large-scale project might work in practice.

  • platform business model

    A platform business model is a plan for creating revenue by allowing registered members to create content that can be consumed by a specific user group or general audience.

  • platform economy

    Platform economy is the tendency for commerce to increasingly move towards and favor digital platform business models.

  • PMO (project management office)

    A project management office (PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization.

  • Porter's Five Forces

    Porter's Five Forces is a framework developed by economist Michael E. Porter to determine the profitability and therefore attractiveness of a market or market segment.

  • PPM (project and portfolio management)

    PPM (project and portfolio management) is a methodology used to prioritize IT projects based on cost, benefits and use of resources to achieve business goals.

  • process innovation

    Process innovation refers to a change in an existing operation or product that creates significant value for an organization.

  • process-centric BPM

    Process-centric business process management is a holistic approach to BPM that centers on processes themselves, rather than individual  components such as  documents, workflow or people.  

  • product development (new product development - NPD)

    Product development, also called new product management, is a series of steps that includes the conceptualization, design, development and marketing of newly created or newly rebranded goods or services.

  • project charter (PC)

    A project charter (PC) is a document that states a project exists and provides the project manager with written authority to begin work.

  • project management

    Project management is the discipline of using established principles, procedures and policies to successfully guide a project from conception through completion.

  • project planning

    Project planning is a discipline for stating how to complete a project within a certain timeframe, usually with defined stages, and with designated resources.

  • project post-mortem

    Project post-mortem is a process intended to inform project improvements by determining aspects that were successful or unsuccessful.

  • project scope

    Project scope is the part of project planning that involves determining and documenting a list of specific project goals, deliverables, tasks, costs and deadlines.

  • proof of concept (POC)

    A proof of concept (POC) is an exercise in which work is focused on determining whether an idea can be turned into a reality.

  • Prototyping Model

    The prototyping model is a systems development method in which a prototype is built, tested and then reworked as necessary until an acceptable outcome is achieved from which the complete system or product can be developed. table prototype is finally achieved.

  • R

    rainmaker (business)

    A rainmaker is an individual who generates an unusually high amount of revenue for an organization by bringing new clients and new business to the company.

  • Reddit

    Reddit is a social news website and forum where content is socially curated and promoted by site members through voting.

  • repeatable process

    A repeatable process is a set of actions that allow for a more efficient use of limited resources and reduce unwanted variation during the development and implementation of various projects.

  • risk assessment framework (RAF)

    A risk assessment framework (RAF) is a strategy for prioritizing and sharing information about the security risks to an information technology (IT) infrastructure.

  • ROI (return on investment)

    For a given use of money in an enterprise, the ROI (return on investment) is how much profit or cost saving is realized as a result.

  • What is RPA? Everything you need to know

    Robotic process automation technology is software that can be trained to mimic routine, labor-intensive tasks performed by humans.

  • S

    SAS 70 (Statement on Auditing Standards No. 70)

    SAS 70 (Statement on Auditing Standards No. 70) was a widely recognized auditing standard that provided guidance on auditing a service organization's internal controls and reporting its customers' financial reporting processes. SSAE 16 replaced SAS 70 in 2011.

  • self-directed work team (SDWT)

    A self-directed work team (SDWT) is a group of people, usually employees in a company, who combine different skills and talents to work without the usual managerial supervision toward a common purpose or goal.

  • shared services

    Shared services is the consolidation of business operations that are used by multiple parts of the same organization.  

  • sharing economy

    The sharing economy, also known as collaborative consumption or peer-to-peer-based sharing, is a concept that highlights the ability -- and perhaps the preference -- of individuals to rent or borrow goods rather than buy and own them.

  • SIPOC diagram (suppliers, inputs, process, outputs, customers)

    A SIPOC (suppliers, inputs, process, outputs, customers) diagram is a visual tool for documenting a business process from beginning to end prior to implementation.

  • 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.

  • 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.

  • transfer learning

    Transfer learning is the application of knowledge gained from completing one task to help solve a different, but related, problem.

  • tweetchat

    A tweetchat, also called a tweet jam, is a discussion carried out on Twitter.

  • two-speed IT

    Two-speed IT is the concept that strategic planning for an IT department should include a fast track that allows some projects to be implemented quickly.

  • U

    UBE (unsolicited bulk email)

    UBE (unsolicited bulk email) is a formal term for spam.

  • UCE (unsolicited commercial email)

    UCE (unsolicited commercial e-mail) is a legal term used to describe an electronic promotional message sent to a consumer without the consumer's prior request or consent.

  • user-generated content (UGC)

    User-generated content (UGC) is the words and photos that unpaid contributors create and provide to publications, particularly Web properties.

  • UX (user experience)

    User experience (UX) encompasses all aspects of an end user's interaction with and attitude toward a given IT system or services, including the interface, graphics and design.

  • V

    value-sensitive design (VSD)

    Value-sensitive design (VSD) is a concept and methodology that stresses the importance of incorporating human values in the design of technology throughout the design process.

  • video resume

    A video resume is a brief account of a job applicant's professional experience, qualifications and interests, submitted to a prospective employer in video form. (Continued...)

  • Vitria

    Vitria specializes in integration server software for enterprises.

  • W

    Wizard of Oz prototyping

    Wizard of Oz prototyping is a tactic used by developers to give the appearance that an application or program has been completely automated when, in fact, it hasn't.

  • X

    XACML (Extensible Access Control Markup Language)

    XACML (Extensible Access Control Markup Language) is an open standard XML-based language designed to express security policies and access rights to information for Web services, digital rights management (DRM), and enterprise security applications.

  • Y

    Yammer

    Yammer is a private microblogging and collaboration platform for enterprise social networking. Unlike public social media platforms such as Twitter,Yammer only allows members to connect with other members who belong to the same email domain.

  • YouTube

    YouTube is a free video-hosting website that allows members to store and serve video content.

  • Z

    Zachman framework

    The Zachman framework is a logical structure intended to provide a comprehensive representation of an information technology enterprise.

-ADS BY GOOGLE

SearchCompliance

SearchHealthIT

SearchCloudComputing

SearchMobileComputing

SearchDataCenter

Close