02.08.08
Hot IT acronyms for 2008!
Jason Hiner, Executive Editor of Tech Republic shared this on his blog recently (listed in descending order of ‘hotness’):
7. BPM
Business Process Management: Refers to streamlining business operations as a cost savings measure by using technology to make business processes more efficient.
6. CMDB
A Configuration Management Database: A unified database that captures configuration data about the various IT infrastructure elements for standardizing IT management.
5. BI
Business Intelligence: Fancy high-powered reports and exotic dashboards used to track business performance.
4. MDM
Master Data Management: Similar to, but even bigger than a data warehouse with the key difference being that this ginourmous database unifies live and dynamic data, such as customer and product data.
3. TCO
Total cost of ownership: This is an useful formula for arriving at the full costs involved in deploying and managing technology tools and in conjunction with ROI is useful in helping IT departments decide how to best spend their constrained budgets.
2. SOA
Service Oriented Architecture: Computing refered to as “Web services” and “Software as a Service” over the past decade has now evolved into SOA, which goes a step beyond by breaking down software services into standard building blocks that can be re-used, distributed, and fed into other sites, programs, and projects.
1. ITIL
Information Technology Infrastructure Library: A repository or library of a set of standards and best practices for organizing and running an IT department.
Here’s the link to Jason Hiner’s original post.