CIO Definitions

This glossary explains the meaning of key words and phrases that information technology (IT) and business professionals use when discussing CIO strategy and related software products. You can find additional definitions by visiting WhatIs.com or using the search box below.

  • P

    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 (SDM) in which a prototype (an early approximation of a final system or product) is built, tested, and then reworked as necessary until an acceptable prototype is finally achieved.

  • public data

    Public data is information that can be freely used, reused and redistributed by anyone with no existing local, national or international legal restrictions on access or usage.

  • PunchOut

    PunchOut is an e-procurement software application from Ariba that makes it possible for a buyer to access a supplier's Web site from within the buyer's own procurement application.

  • pure play

    Pure play is a business term used to indicate a company, business model or investment focused on a particular industry, product, service or line of distribution.

  • R

    radical innovation

    Radical innovation refers to an invention that represents something new to the world. Radical innovations typically carry more risk, promise greater reward and are more disruptive than incremental innovations, which in general improve upon something that already exists.

  • 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.

  • redact

    To redact is to edit, or prepare for publishing.

  • 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.

  • request for quotation (RFQ)

    A request for quotation (RFQ) is a document that an organization submits to one or more potential suppliers eliciting quotations for a product or service.

  • reshoring

    Reshoring is the practice of bringing outsourced personnel and services back to the location from which they were originally offshored. 

  • resource allocation

    Resource allocation is the process of assigning and managing assets in a manner that supports an organization's strategic goals.

  • retargeting

    Retargeting is a type of online advertising whereby companies focus on particular audience members for promotions based on users' prior Internet search history or site visits.

  • reverse mentoring

    Championed by former GE CEO Jack Welch, reverse mentoring flip-flops the typical mentoring relationship, with a younger employee acting as the mentor.

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