Technology that helps companies change business by allowing them to use new method is called

  • #

    99.999 (Five nines or Five 9s)

    In computers, 99.999 (often called "five 9s") refers to a desired percentage of availability of a given computer system.

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  • subscription management

    Subscription management is the process of overseeing and controlling all aspects of products and services sold repeatedly through a weekly, monthly, quarterly or yearly subscription-based pricing model.

  • workflow management

    Workflow management is the discipline of creating, documenting, monitoring and improving upon the series of steps, or workflow, that is required to complete a specific task.

  • 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.

  • Adobe Flash Player

    Adobe Flash Player is software used to stream and view video, audio, multimedia and Rich Internet Applications on a computer or supported mobile device.

  • Agile business intelligence (BI)

    Agile business intelligence (BI) is a fast and flexible process that uses agile software development (ASD) methodologies to enable rapid development and allow users to efficiently adapt intelligence-based strategy to business needs.

  • Agile Manifesto

    The Agile Manifesto is a document that identifies four key values and 12 principles that its authors believe software developers should use to guide their work.

  • Agile Project Management (APM)

    Agile Project Management (APM) is an iterative approach to planning and guiding project processes that breaks them down into smaller cycles called sprints, or iterations.

  • agreed-upon procedures (AUP)

    Agreed-upon procedures are the standards a company or client outlines when it hires an external party to perform an audit on specific tests or business process and then report on the results.

  • AIBO (Artificial Intelligence roBOt)

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

  • AICPA (American Institute of Certified Public Accountants)

    The AICPA (American Institute of Certified Public Accountants) is a member association for the accounting profession that sets ethical standards for accountants, as well as U.S. auditor standards for private companies, nonprofit organizations and the government.

  • Apple iMessage (Apple instant message)

    Apple iMessage (Apple instant message) is an instant messenger service developed by Apple Inc. that allows users to send texts, documents, photos, videos, locations, contact information and group messages over Wi-Fi, 3G or LTE networks to other iOS or OS X users.

  • application modernization

    Application modernization is the refactoring, re-purposing or consolidation of legacy software programming to align it more closely with current business needs. The goal of an application modernization project is to create new business value from existing applications.

  • artificial neuron

    An artificial neuron is a connection point in an artificial neural network. Artificial neural networks, like the human body's biological neural network, have a layered architecture and each network node (connection point) has the capability to process input and forward output to other nodes in the network.

  • atom

    An atom is a particle of matter that uniquely defines a chemical element.

  • audit program (audit plan)

    An audit program, also called an audit plan, is an action plan that documents what procedures an auditor will follow to validate that an organization is in conformance with compliance regulations.

  • audit trail

    In accounting, an audit trail is the sequence of paperwork that validates or invalidates accounting entries.

  • authentic leadership

    Authentic leadership is a type of management style in which people act in a real, genuine and sincere way that is true to who they are as individuals.

  • authoritarian leadership

    Authoritarian leadership is a management style in which an individual has total control over making decisions for a group or organization, with little or no input from his or her subordinates.

  • B

    B2B (business-to-business)

    B2B (business-to-business), a type of electronic commerce (e-commerce), is the exchange of products, services or information between businesses, rather than between businesses and consumers (B2C).

  • balanced scorecard

    The balance scorecard (BSC) is a management system aimed at translating an organization's strategic goals into a set of organizational performance objectives that, in turn, are measured, monitored, and changed if necessary to ensure that an organizations strategic goals are met.

  • Basel Committee on Banking Supervision (BCBS)

    The Basel Committee on Banking Supervision (BCBS) is a group of international banking authorities who work to strengthen the regulation, supervision and practices of banks and improve financial stability worldwide.

  • benchmark

    A benchmark is a point of reference by which something can be measured.

  • benefit corporation

    Benefit corporation is a type of corporate structure recognized by some state governments in the United States. In addition to being profitable, a benefit corporation assumes the legal responsibility of considering its impact on society and the environment. 

  • big data as a service (BDaaS)

    Big data as a service (BDaaS) is the delivery of data platforms and tools by a cloud provider to help organizations process, manage and analyze large data sets so they can generate insights in order to improve business operations and gain a competitive advantage.

  • bimodal IT (bimodal information technology)

    Bimodal IT is a two-tiered IT operations model that allows for the creation of IT systems and processes that are stable and predictable as well as agile and fast.

  • blockchain

    Blockchain is a record-keeping technology designed to make it impossible to hack the system or forge the data stored on it, thereby making it secure and immutable.

  • brand equity

    Brand equity is the perceived value a company gains by having a known name, logo or other identifier.

  • bring your own cloud (BYOC)

    BYOC is a movement whereby employees and departments use their cloud computing service of choice in the workplace. Allowing employees to use a public cloud storage service to share very large files may be more cost-effective than rolling out a shared storage system internally.

  • business agility (BA)

    Business agility (BA) is an concept whereby organizations seek to approach their operations and resources in a flexible, responsive manner.

  • 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 goals

    A business goal is an endpoint, accomplishment or target an organization wants to achieve in the short term or long term.

  • business innovation

    Business innovation is an organization's process for introducing new ideas, workflows, methodologies, services or products.

  • business integration

    Business integration is a strategy whose goal is to synchronize IT and business cultures and objectives and align technology with business strategy and goals.

  • business model innovation

    Business model innovation is the implementation of unique concepts to support a company's viability, including the development of new processes for delivering products and services to customers.

  • business process

    A business process is an activity or set of activities that accomplish a specific organizational goal. Business processes should have purposeful goals, be as specific as possible and produce consistent outcomes.

  • business process automation (BPA)

    Business process automation (BPA) is the use of advanced technology to complete business processes with minimal human intervention.

  • business process improvement (BPI)

    Business process improvement (BPI) is a practice in which enterprise leaders analyze their business processes to identify areas where they can improve accuracy, effectiveness and efficiency and then make changes within the processes to realize these improvements.

  • 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 management software

    Business process management software (BPMS) helps companies design, model, execute, automate and improve a set of activities and tasks that, when completed, achieve an organizational goal.

  • business process mapping

    Business process mapping is the visual display of the steps within a business process showing how it's done from start to finish.

  • Business Process Modeling Notation (BPMN)

    Business Process Modeling Notation (BPMN), also called Business Process Model and Notation, is an open standard to diagram a business process.

  • business process monitoring

    Business process monitoring is real-time scrutiny of an activity or set of activities that have been set up to accomplish a specific organizational goal.

  • business process outsourcing (BPO)

    Business process outsourcing (BPO) is a business practice in which an organization contracts with an external service provider to perform an essential business function or task.

  • business process reengineering (BPR)

    Business process reengineering (BPR) is a management practice in which the related tasks required to obtain a specific business outcome are radically redesigned.

  • business process visibility

    Business process visibility, also called process visibility, is the ability to accurately and completely view the processes, transactions and other activities operating within an enterprise. 

  • business resilience

    Business resilience is the ability an organization has to quickly adapt to disruptions while maintaining continuous business operations and safeguarding people, assets and overall brand equity.

  • business service management (BSM)

    Business service management (BSM) is an approach to overseeing information technology that emphasizes treating IT offerings as part of the larger enterprise strategy, and provisioning IT resources based on an understanding of the business' most pressing needs.

  • business services

    Business services is a general term that describes work that supports a business but does not produce a tangible commodity. 

  • business technology (BT)

    Business technology (BT) is a term that points specifically to the technology used by businesses to treat information.

  • business transformation

    Business transformation is a term used to describe what happens when a company makes fundamental changes to how it operates.

  • What is business process management? An in-depth BPM guide

    Business process management (BPM) is a structured approach to improving the processes organizations use to get work done, serve their customers and generate business value.

  • C

    C-Level (C-Suite)

    C-level, also called the C-suite, is a term used to describe high-ranking executive titles in an organization.

  • California Consumer Privacy Act (CCPA)

    The California Consumer Privacy Act (CCPA) is legislation in the state of California that supports an individual's right to control their own personally identifiable information (PII).

  • CEO (Chief Executive Officer)

    The chief executive officer (CEO) is the top position in an organization and responsible for implementing existing plans and policies, improving the company's financial strength, supporting ongoing digital business transformation and setting future strategy.

  • CEO and other C-suite executive titles

    The CEO, or chief executive officer, is part of the C-suite. Other C-suite executive titles include the chief financial officer, chief operating officer, chief information officer and more.

  • CFO (Chief Financial Officer)

    CFO (Chief Financial Officer) is the corporate title for the person responsible for managing the company's financial operations and strategy.

  • change agent (agent of change)

    A change agent, or agent of change, is someone who promotes and enables change to happen within any group or organization.

  • change management

    Change management is a systematic approach to dealing with the transition or transformation of an organization's goals, processes or technologies.

  • change management strategy

    A change management strategy is a systematic approach to making adjustments to the application of a set of tools, processes or skills during a project or initiative.

  • change request

    A change request is a formal proposal for an alteration to some product or system.

  • chief analytics officer

    The chief analytics officer is a C-level position responsible for data analysis within an organization.

  • chief architect (chief IT architect)

    In information technology (IT), a chief architect is a c-level executive whose job is to look closely at how IT functions can be centralized so that departments across the company can work together seamlessly.

  • chief data officer (CDO)

    A chief data officer (CDO) in many organizations is a C-level executive whose position has evolved into a range of strategic data management responsibilities related to the business to derive maximum value from the data available to the enterprise.

  • chief digital officer (CDO)

    A chief digital officer (CDO) is charged with helping an enterprise use digital information and advanced technologies to create business value.

  • chief marketing technologist (CMT)

    A chief marketing technologist (CMT) is a C-level executive who sets a technology vision for the marketing team that aligns with business goals.

  • Chief Operating Officer (COO)

    A Chief Operating Officer (COO) is the corporate executive who oversees ongoing business operations within the company.

  • chief procurement officer (CPO)

    The chief procurement officer, or CPO, leads an organization's procurement department and oversees the acquisitions of goods and services made by the organization.

  • Chief Strategy Officer (CSO)

    A chief strategy officer (CSO), or chief strategist, is an executive charged with helping formulate, facilitate and communicate the overarching strategy of an organization, usually a large corporation.

  • Chief Technology Officer (CTO)

    The chief technology officer (CTO) is the individual within an organization who oversees the current technology and creates relevant policy.

  • chief transformation officer (CTO)

    Chief transformation officer is an executive role, often in the C-suite, that focuses on bringing about change as well as growth in revenue and profit to an organization.

  • chief trust officer

    A chief trust officer in the IT industry is an executive job title given to the person responsible for building confidence around the use of customer information.

  • CIO (Chief Information Officer)

    A chief information officer (CIO) is the corporate executive in charge of information technology (IT) strategy and implementation.

  • CKO (chief knowledge officer)

    Chief knowledge officer (CKO) is a corporate title for the person responsible overseeing knowledge management within an organization.

  • CMO (chief marketing officer)

    A CMO (chief marketing officer) is a C-level corporate executive responsible for activities in an organization that have to do with creating, communicating and delivering offerings that have value for customers, clients or business partners.

  • COBIT 5

    COBIT 5 is the fifth iteration of a popular framework that's used for managing and governing information technology (IT).

  • cognitive automation

    Cognitive automation describes diverse ways of combining artificial intelligence (AI) and process automation capabilities to improve business outcomes.

  • collaboration specialist

    A collaboration specialist is an individual in charge of managing customer experience and implementing a collaborative platform across the enterprise in order to enhance the user experience and employee productivity, and collectively accomplish tasks.

  • collaborative computing

    Collaborative computing is a diverse collection of information technologies designed to support work between individuals. Organizations implementing collaborative computing technologies do so as a way to improve workforce productivity and creativity by enabling individual workers to more readily access each other and the information they need when they need it.

  • competitive advantage

    Competitive advantage is the favorable position an organization seeks in order to be more profitable than its rivals.

  • competitive differentiation

    Competitive differentiation is a strategic positioning tactic an organization can undertake to set its products, services and brands apart from those of its competitors.

  • compliance audit

    A compliance audit is a comprehensive review of an organization's adherence to regulatory guidelines.

  • compliance burden

    Compliance burden, also called regulatory burden, is the administrative cost of a regulation in terms of dollars, time and complexity.

  • compliance framework

    A compliance framework is a structured set of guidelines that details an organization's processes for maintaining accordance with established regulations, specifications or legislation.

  • compliance risk

    Compliance risk is an organization's potential exposure to legal penalties, financial forfeiture and material loss, resulting from its failure to act in accordance with industry laws and regulations, internal policies or prescribed best practices.

  • compliance validation

    In compliance, validation is a formal procedure to determine how well an official or prescribed plan or course of action is being carried out. Continued...

  • conduct risk

    Conduct risk is the prospect of financial loss to an organization that is caused by the actions of an organization's administrators and employees.

  • consumer data

    Consumer data is the information trail customers leave behind as a result of their Internet use.

  • contingent workforce

    A contingent workforce is a labor pool whose members are hired by an organization on an on-demand basis.

  • control framework

    A control framework is a data structure that organizes and categorizes an organization’s internal controls, which are practices and procedures established to create business value and minimize risk.

  • coopetition (co-opetition)

    Coopetition is a business strategy that uses insights gained from game theory to understand when it is better for competitors to work together.

  • COPPA (Children's Online Privacy Protection Act )

    The Children's Online Privacy Protection Act of 1998 (COPPA) is a federal law that imposes specific requirements on operators of websites and online services to protect the privacy of children under 13.

  • core competency (core competencies)

    For any organization, its core competency refers to the capabilities, knowledge, skills and resources that constitute its 'defining strength.'

  • corporate executive board

    A corporate executive board, or board of directors, oversees activities and strategic planning and decision making in an organization.

  • corporate social responsibility (CSR)

    Corporate social responsibility is an umbrella term used to describe voluntary corporate initiatives concerned with community development, the environment and human rights. 

  • corportal (corporate portal)

    Corportals, short for corporate portals, are sometimes referred to as enterprise information portals and are used by corporations to build their internal web presence by leveraging a company's information resources.

  • COSO Framework

    The COSO Framework is a system used to establish internal controls to be integrated into business processes.

  • cross-functional team

    A cross-functional team is a workgroup made up of employees from different functional areas within an organization who collaborate to reach a stated objective.

  • crowdsourcing

    Crowdsourcing is the practice of turning to a body of people to obtain needed knowledge, goods or services.

  • cultural fit

    Cultural fit is the likelihood that a job candidate will be able to conform and adapt to the core values and collective behaviors that make up an organization.

What is technology used for in business?

With technology, a business can advertise using computers, printers, phones and email services to bring marketing tactics to the internet, print and other companies. With the internet and computers, employees can also market in other ways, such as through social media, forums and blogs.

What are the three types of technology in business?

In general, enterprise organizations have three alternatives for deploying business technology using IT infrastructure: On-premise IT, Third-party Hosting, and Cloud Deployment.

What is technology explain the impact of technology on business?

Globalization. Information technology has enabled businesses to attain a greater reach. Now more than ever, it's easier for companies to do business across the world. Emails, text, instant messaging, websites and applications have made global communication quicker and more effective than ever.

What are the latest IT technologies that are used by business Organisations?

From CRM to ERP, you'll be able to SYNC your new orders, new and updated customers, etc..
Artificial Intelligence (AI) ... .
Machine Learning (ML) ... .
Chatbots. ... .
Robotic Process Automation (RPA) ... .
The Internet of Things (IoT).