Apps, infrastructure and operations Definitions

  • #

    121 (one-to-one)

    In Internet e-commerce, 121 is short for one-to-one, the philosophy that treating each customer as a special individual is a more successful approach than treating customers as a group of similar individuals.

  • A

    adaptive enterprise (or adaptive organization)

    An adaptive enterprise (or adaptive organization) is a corporation, institution, or agency in which the business demand and the IT (information technology) supply are matched and synchronized at all times.

  • AIBO (Artificial Intelligence roBOt)

    AIBO (pronounced eye-bow) is an entertainment robot designed by Sony.

  • B

    B2B (business-to-business)

    On the Internet, B2B (business-to-business), also known as e-biz, is the exchange of products, services, or information between businesses rather than between businesses and consumers.

  • B2G (Business2Government or Business-to-Government)

    On the Internet, B2G is business-to-government (a variation of the term B2B or business-to-business), the concept that businesses and government agencies can use central Web sites to exchange information and do business with each other more efficiently than they usually can off the Web.

  • black swan event

    A black swan event is an incident that occurs randomly and unexpectedly, and has a major effect on operations. The phrase illustrates the frailty of inductive reasoning and the danger of making sweeping generalizations from limited observations.

  • blockchain

    Blockchain is a type of distributed ledger for maintaining a permanent and tamper-proof record of transactional data. A blockchain functions as a decentralized database that is managed by computers belonging to a peer-to-peer (P2P) network. Each of the computers in the distributed network maintains a copy of the ledger to prevent a single point of failure and all copies are updated simultaneously.

  • bricks and mortar

    Bricks and mortar refers to businesses that have physical (rather than virtual or online) presences - in other words, stores (built of physical material such as bricks and mortar) that you can drive to and enter physically to see, touch, and purchase merchandise.

  • Bullfighter

    Bullfighter is a software application that searches documents for jargon, overworked terms, and unnecessarily complicated sentences.

  • business activity monitoring (BAM)

    Business activity monitoring (BAM), also called business activity management, is the use of technology to proactively define and analyze critical opportunities and risks in an enterprise to maximize profitability and optimize efficiency... (Continued)

  • business continuity management (BCM)

    Business continuity management (BCM) is a framework for identifying an organization's risk of exposure to internal and external threats.

  • business process management (BPM)

    Business process management (BPM) is the discipline of improving a business process from end to end by analyzing it, modelling how it works in different scenarios, executing improvements, monitoring the improved process and continually optimizing it.

  • Business Process Management Initiative (BPMI)

    Established in August 2000, the Business Process Management Initiative (BPMI) is a non-profit organization that exists to promote the standardization of common business processes, as a means of furthering e-business and B2B development.

  • Business Process Modeling Notation (BPMN)

    Business Process Modeling Notation (BPMN) is a method of illustrating business processes in the form of a diagram similar to a flowchart... (Continued)

  • business process outsourcing (BPO)

    Business process outsourcing, or BPO, is a business practice in which one organization hires another company to perform a task (i.e., process) that the hiring organization requires for its own business to successfully operate.

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