BUSBIS 1060 Final Exam (Acronyms)

IS (Information Systems)

An integrated set of components (software, hardware, telecommunications) for collecting, storing, processing, and disseminating data to create information, knowledge, and digital or electronic products for a specific purpose or business objective.

BA (Business Analyst)

A professional who straddles the line between IT and the business, which helps bridge communication gaps as well as improve processes and solve business problems through the innovative use of information systems.

OLTP (Online Transaction Processing)

Information systems that utilize real-time technologies to facilitate and manage business transactions as they occur.

ERP (Enterprise Resource Planning)

Information systems that correct a lack of communication among the individual functional area information systems by providing tight integration via a common software platform and database.

SCM (Supply Chain Management)

The oversight and coordination of materials, information, and money as they move in a process from supplier to manufacturer to wholesaler to retailer to consumer.

CRM (Customer Relationship Management)

The combination of strategies, processes and technologies that organizations use to manage as well as analyze interactions and data throughout the entire customer lifecycle.

EAI (Enterprise Application Integration)

Organizations use middleware to connect multiple best-of-breed software modules from different vendors to maximize advantages and minimize disadvantages of ERP systems.

SOA (Service Oriented Architecture)

The collection of middleware web Services that IT selects and combines to construct, and more importantly, integrate best of breed business applications.

IoT (Internet of Things)

The increasing number of everyday devices and objects that are connected to the internet and are capable of gathering and transmitting data.

SMS (Short Message Service)

The text messaging service component of most mobile telephony systems.

WWW (World Wide Web)

An information system of applications where documents and other web resources are identified by URLs, interlinked by hypertext links, and accessible via the Internet.

URL (Uniform Resource Locator)

The set of letters that identifies the address of a specific resource on the World Wide Web.

BI (Business Intelligence)

A broad category of applications, technologies and processes for gathering, storing, accessing and analyzing data to help business users, especially knowledge workers and managers, make better decisions.

BIT (Binary Digit)

The smallest unit of data a computer can process, and it consists only of a 0 or a 1.

ETL (Extract, Transform, Load)

The general procedure of copying data from one or more sources into a data warehouse which represents the data differently from the source(s).

OLAP (Online Analytical Processing)

Software for performing multi-dimensional analysis at high speeds on large volumes of data from a data warehouse, data mart, or some other unified, centralized data store.

DSS (Decision Support Systems)

BI systems that combine models and data to solve semi-structured and some unstructured problems with extensive user involvement.

KPI (Key Performance Indicator)

A type of measurement that evaluates the success of an organization or of a specific activity (such as projects, programs, products and other initiatives) in which it engages.

5G (5th Generation)

The latest evolution in mobile network standards that provides broadband cellular connectivity to most current wireless technologies.

SaaS (Software as a Service)

Cloud computing offering where the vendor manages a customer's applications, data, OS, servers, virtualization, storage and networking over the internet for a subscription fee.

PaaS (Platform as a Service)

Cloud computing offering where the vendor manages a customer's operating systems OS, servers, virtualization, storage and networking over the internet for a subscription fee.

IaaS (Infrastructure as a Service)

Cloud computing offering where the vendor manages a customer's servers, virtualization, storage and networking over the internet for a subscription fee.

GPS (Global Positioning System)

A wireless technology that uses known distances and speeds from three (3) satellites to enable users to determine their position anywhere on earth.

SEO (Search Engine Optimization)

The process of maximizing the number of visitors to a particular website by ensuring that the site appears high on the list of results returned by a search engine.

VoIP (Voice over Internet Protocol)

The use of the internet as the transmission medium for telephone calls.

XML (Extensible Markup Language)

A structured computer language that makes it easier to exchange data among a variety of disparate applications via the public internet.

B2B (Business to Business)

Electronic commerce in which both the sellers and the buyers are organizations (companies).

B2C (Business to Consumer)

Electronic commerce in which the sellers are organizations (companies) and the buyers are individuals.

AI (Artificial Intelligence)

The theory and development of information systems able to perform tasks that normally require human intellect.

NLP (Natural Language Processing)

A branch of Artificial Intelligence that helps computers understand, interpret and manipulate human language.

NLG (Natural Language Generation)

A branch of Artificial Intelligence that produces written or spoken narrative from a computer dataset.

NLU (Natural Language Understanding)

A branch of Artificial Intelligence that transforms human language into a machine-readable format.

MR (Merged Reality)

Brings the augmented physical and virtual worlds together creating a more connected experience in which the real and virtual elements can interact.

AR (Augmented Reality)

A simulated digital environment where information or images can be overlaid onto what the user is seeing in the real world.

VR (Virtual Reality)

Using computer technology to fully immerse the user in a simulated digital environment, to the extent that they feel they're physically in that environment.

XR (Extended Reality)

The group of technologies that superimpose digital information onto the physical world and alters our perceptions

RPA (Robotic Process Automation)

Technology that can automate business processes that are rules based, structured, and repetitive.

DMZ (Demilitarized Zone)

A separate organizational local area network that is located between an organization's internal network and the internet.

PM (Project Manager)

A professional who plans, organizes, schedules, directs, executes, maintains, and troubleshoots a project so it gets completed on time, within budget, and according to agreed upon scope.

EDW (Enterprise Data Warehouse)

A subject-oriented, integrated, time-variant, nonvolatile collection of data in support of management's decision-making process