Glossary of tech words for business leaders

By A R  |  12 Dec 2018  |  Business, Popular, Recent, Technology, 

Here is a short list of words which you can refer to in this ever-changing technological landscape. This is a growing list and we will keep adding new terms to this.

Agile Method

Broadly speaking this is a term for a software development methodology which focuses on development through short yet, incremental “development cycles”. Instead of tackling the entire feature requirement in one long development cycle, Agile Development cycle address a particular feature/set of features each cycle. This allows for more proactive action on feedbacks and way more smoother software development roadmap.

SDLC

Or software development and Lifecycle is an old school software development approach. The Salient point of this approach is that it tries to capture all the feature requirements from the systems in bulk at the beginning. Once the requirement gathering phase is over the requirements are sent to the development floor, which is closed off to the stakeholders. Such development can take months to complete and devoid of any means to accommodate change, the end product can be a hit and miss if the requirements have shifted during the development time.

SaaS

Software as a service (aka on-demand software) is a software delivery and licensing model where the software is hosted centrally and paid for via a subscription (monthly, quarterly or annually). The software needs only a browser and a table internet connection to be used. This model of central hosting and subscription-based model helps substantially in bringing the overall cost of ownership down for the customer.

PaaS

In the same domain of Cloud computing as SaaS, Platform as a Service provides its users with a hosted environment where they can develop, deploy and manage their applications. All this, without the hassle of any sort of IT infrastructure at the end of the user.

IOT

Internet Of Things, a network of devices, vehicles, and home appliances that contain electronics, software, actuators, and connectivity which allows these things to connect, interact and exchange data. This exchange of data is utilised to develop intelligent devices that can communicate to each other remotely. IoT has the potential to seriously improve the quality of human life.

Big Data

Data sets that are too large/complex general data processing software to work with and hence require specialised and complex software to make sense of it all. The challenges which big data presents are mainly to do with data capture, data storage, data analysis, search, sharing, transfer, visualisation, querying, updating, information privacy and the source of origin.

ERP

Integrated management of core business processes in real time using a specialised software. ERP Systems integrate various departments and organisational systems to streamline operational efficiency of the organisation. ERP systems also are a critical tool in providing the stakeholders of the company with real-time, accurate data essential sound decision making.

Machine Learning

Is the study of algorithms and mathematical models that computer systems use to progressively improve their performance on a specific task. Machine learning is closely related to computational statistics, which focuses on making predictions using computers. Data mining is a field of study within machine learning and focuses on exploratory data analysis through unsupervised learning.

Front-end (& Back End)

In terms of software engineering, front-end (presentation layer) and backend (data access layer) are 2 different layers of “abstraction” where the front end is the part of a system that the user sees and interacts with and the back end is the structure and hardware that does the actual work.

Ajax

Asynchronous JavaScript and XML is a web development, client-side technology (runs on the client's system, mostly the browser) which can retrieve data from the server in the background (asynchronously) without having to refresh to the web page. This enables applications to change data dynamically.

SEO

Search Engine Optimization is the process of applying tweaks to a website in order to make it figure higher in the search engine's search results. Search Engines standards that they use to position search results such as (but not limited to) the quality of the code, use of SSL on the website, the quality of content, etc.

Unified Threat Management a.k.a UTM

UTM is an approach to information security where a single hardware or software installation provides multiple security functions. UTM includes functions such as anti-virus, anti-spam, content filtering, and web filtering.

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