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Cloud Computing
A model for enabling convenient network access to a shared pool of configurable computing resources (hardware, software, services) that can be rapidly provisioned and released.
Infrastructure as a Service (IaaS)
A cloud computing model that provides virtualized computing resources over the internet, allowing users to rent hardware and networking resources.
Platform as a Service (PaaS)
A cloud computing service that provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the underlying infrastructure.
Software as a Service (SaaS)
A cloud computing model that delivers software applications over the internet, on-demand and typically on a subscription basis.
Business Process as a Service (BPaaS)
A model that delivers a business process through a cloud-based service.
Blockchain
A decentralized ledger technology that records transactions across multiple computers in a way that the registered data cannot be altered retroactively without the alteration of all subsequent blocks.
Decentralized Ledger
A type of database that is spread across multiple sites, countries, or institutions rather than being stored in a singular, centralized location.
Hash Function
An algorithm that converts an input of any size into a fixed-size string of text, which appears random; commonly used in security and data integrity.
Proof of Work
A consensus mechanism that requires participants to expend effort solving a mathematical puzzle to validate transactions and add new blocks to the blockchain.
Smart Contracts
Self-executing contracts with the terms of the agreement directly written into code that automatically performs actions when predetermined conditions are met.
Nons (Nonce)
A number used once that is added to a block header during the mining process to generate a hash that meets the difficulty target.
Consensus Algorithm
A mechanism that ensures all nodes in a blockchain network agree on the validity of transactions to maintain a consistent state across the decentralized network.
Cryptocurrency
A digital or virtual currency that uses cryptography for security and operates independently of a central authority or government.
Digital Transformation
The integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers.
Enterprise Information Systems
Software systems that facilitate the flow of information and include applications to support business processes.
IT Productivity Paradox
The observation that, despite advancements in information technology, productivity in certain sectors does not seem to correlate positively with increased technology investment.
Chaos Report
A report that examines the prevalence of project failure in IT and the reasons behind it, emphasizing the disconnect between IT and business objectives.
Porter's 5 Forces Model
A framework for analyzing the competitive forces that shape an industry, focusing on competition, the threat of new entrants, supplier power, buyer power, and the threat of substitute products.
E-Business
The conduct of business processes on the internet, including buying and selling, servicing customers, and collaborating with business partners.
