Digital business transformation Definitions

  • E

    enterprise relationship management (ERM)

    Enterprise relationship management (ERM) is software that analyzes data it has about its customers to develop a better understanding of the customer and how the customer is using its products and services.

  • enterprise risk management (ERM)

    Enterprise risk management (ERM) is the process of planning, organizing, leading, and controlling the activities of an organization in order to minimize the effects of risk on an organization's capital and earnings.

  • enterprise social media

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

  • enterprise social networking

    Enterprise social networking is an organization's use of social media, internally and externally, to connect individuals who share similar business interests or activities.

  • enterprise social software

    Enterprise social software is a general term that describes social networking and collaboration tools used in large organizations.

  • executive leadership

    Executive leadership is the ability of an organization's management to guide and motivate employees while meeting organizational goals.

  • extended enterprise

    Extended enterprise is the concept that a company does not operate in isolation because its success is dependent upon a network of partner relationships.

  • F

    feature creep

    Feature creep (sometimes known as requirements creep or scope creep) is a tendency for product or project requirements to increase during development beyond those originally foreseen, leading to features that weren't originally planned and resulting risk to product quality or schedule.

  • first mover

    In the business world, a first mover is a company that aims to gain an advantageous and perhaps insurmountable market position by being the first to establish itself in a given market.

  • G

    gap analysis

    A gap analysis assesses the differences between the current and desired performance levels of a company's systems or applications.

  • Generation Facebook (Generation F)

    Generation Facebook (Generation F) is a term used to define millennials who have grown up using social media as their primary networking tool.

  • Google (the company)

    Google is a multinational, publicly-traded organization built around the company's hugely popular search engine. Google's other enterprises include Internet analytics, cloud computing, advertising technologies, and Web app, browser and operating system development.

  • group think

    Group think (also spelled groupthink) is a phenomenon that occurs when group's need for consensus supersedes the judgment of individual group members.

  • H

    hackathon

    A hackathon, also known as a codefest, is a social coding event that brings computer programmers and other interested people together to improve upon or build a new software program.

  • holistic (holistic technology)

    Holistic (holistic technology) is a concept concerned with treatment of entire systems, rather than the analysis, treatment or segmentation of parts of those systems.

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