IT Glossary



Big Data

Big data is high-volume, high-velocity and high-variety information assets that demand cost-effective, innovative forms of information processing for enhanced insight and decision making. View FREE research offer: Information 2020 – Beyond Big Data

Data Scientist

The data scientist role is critical for organizations looking to extract insight from information assets for “big data” initiatives and requires a broad combination of skills that may be fulfilled better as a team, for example: Collaboration and team work is required for working with business stakeholders to understand business issues. Analytical and decision modeling skills are required for discovering relationships within data and…

Business Intelligence (BI) Services

Business intelligence (BI) services are offerings to design, develop and deploy enterprise processes and to integrate, support and manage the related technology applications and platforms. These include business and infrastructure applications for BI platforms, analytics needs and data warehousing infrastructure. Solutions include areas such as corporate performance management (CPM) and analytics, in addition to the traditional BI platform, data

Predictive Analytics

Predictive analytics describes any approach to data mining with four attributes: 1. An emphasis on prediction (rather than description, classification or clustering) 2. Rapid analysis measured in hours or days (rather than the stereotypical months of traditional data mining) 3. An emphasis on the business relevance of the resulting insights (no ivory tower analyses) 4….

Business Intelligence (BI)

  Business intelligence (BI) is an umbrella term that includes the applications, infrastructure and tools, and best practices that enable access to and analysis of information to improve and optimize decisions and performance. Free Gartner Research on Big Data Analytics: Information 2020 – Beyond Big Data “Better Data Visualization” Top Reason for Buying Business Intelligence…

Enterprise Resource Planning (ERP)

Enterprise resource planning (ERP) is defined as the ability to deliver an integrated suite of business applications. ERP tools share a common process and data model, covering broad and deep operational end-to-end processes, such as those found in finance, HR, distribution, manufacturing, service and the supply chain. ERP applications automate and support a range of administrative and operational business processes across multiple industries, in…

Business Process Outsourcing (BPO)

Business process outsourcing (BPO) is the delegation of one or more IT-intensive business processes to an external provider that, in turn, owns, administrates and manages the selected processes based on defined and measurable performance metrics. BPO offerings are categorized in two major categories: horizontal offerings (those that can be leveraged across specific industries) and vertical-specific offerings (those that demand specific industry…

Best-of-Breed

Enterprises often purchase software from different vendors to obtain the best-of-breed offering for each application area. For example, enterprises may purchase a human-resource package from one vendor and an accounting package from another. Although enterprise resource planning (ERP) vendors offer numerous enterprise applications and claim that their integrated system is a superior solution, all modules in an ERP system are rarely best-of-breed…

Infrastructure as a Service (IaaS)

Infrastructure as a service (IaaS) is a standardized, highly automated offering, where compute resources, complemented by storage and networking capabilities are owned and hosted by a service provider and offered to customers on-demand. Customers are able to self-provision this infrastructure, using a Web-based graphical user interface that serves as an IT operations management console for the overall environment. API access to the infrastructur…

Business Process as a Service (BPaaS)

Gartner defines business process as a service (BPaaS) as the delivery of business process outsourcing (BPO) services that are sourced from the cloud and constructed for multitenancy. Services are often automated, and where human process actors are required, there is no overtly dedicated labor pool per client. The pricing models are consumption-based or subscription-based commercial terms. As a cloud service, the BPaaS model is accessed via Inter…

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