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…

Data Mining

The process of discovering meaningful correlations, patterns and trends by sifting through large amounts of data stored in repositories. Data mining employs pattern recognition technologies, as well as statistical and mathematical techniques.   Free Research From Gartner: Information 2020: Beyond Big Data

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…

IT Outsourcing

IT outsourcing (as a part of an outsourcing definition) is the use of external service providers to effectively deliver IT-enabled business process, application service and infrastructure solutions for business outcomes. Outsourcing, which also includes utility services, software as a service and cloud-enabled outsourcing, helps clients to develop the right sourcing strategies and vision, select the right IT service providers, structure the be…

Enterprise Content Management (ECM)

  Enterprise content management (ECM) is used to create, store, distribute, discover, archive and manage unstructured content (such as scanned documents, email, reports, medical images and office documents), and ultimately analyze usage to enable organizations to deliver relevant content to users where and when they need it.   ECM for Digital Business in 2014 &…

Platform as a Service (PaaS)

A platform as a service (PaaS) offering, usually depicted in all-cloud diagrams between the SaaS layer above it and the IaaS layer below, is a broad collection of application infrastructure (middleware) services (including application platform, integration, business process management and database services). However, the hype surrounding the PaaS concept is focused mainly on application PaaS (aPaaS) as the representative of the whole category. R…

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