Browse Definitions :

Business intelligence - business analytics

This glossary contains definitions related to customer data analytics, predictive analytics, data visualization and operational business intelligence. Some definitions explain the meaning of words used to Hadoop and other software tools used in big data analytics. Other definitions are related to the strategies that business intelligence professionals, data scientists, statisticians and data analysts use to make data-driven decisions.

MOD - SNO

  • ModelOps (model operations) - ModelOps (model operations) is a holistic approach to enable analytics models to progress from the lab to production so that they can be scaled and managed to meet organizations' demand.
  • named entity - A named entity is a term or phrase that identifies an object from a set of other objects with similar attributes.
  • narrow AI (weak AI) - Narrow AI is an application of artificial intelligence technologies to enable a high-functioning system that replicates – and perhaps surpasses -- human intelligence for a dedicated purpose.
  • NASSCOM (National Association of Software and Services Companies) - The National Association of Software and Services Companies (NASSCOM) is a not-for-profit Indian consortium created to promote the development of the country's IT (information technology) and business process outsourcing (BPO) industries.
  • natural language understanding (NLU) - Natural language understanding (NLU) is a branch of artificial intelligence (AI) that works to use computers to understand input made in the form of sentences in text or speech format.
  • negative correlation - A negative correlation is a relationship between two variables such that as the value of one variable increases, the other decreases.
  • negativity bias - Negativity bias is a form of cognitive bias which causes humans to subconsciously place more significance on negative events than positive ones, affecting behavior and cognition.
  • noisy data - Noisy data is meaningless data.
  • noisy text - Noisy text is an electronically-stored communication that cannot be categorized properly by a text mining software program.
  • normal distribution - A normal distribution is an arrangement of a data set in which most values cluster in the middle of the range and the rest taper off symmetrically toward either end.
  • Object Management Group (OMG) - The OMG (Object Management Group) was formed in 1989 by a group of vendors for the purpose of creating a standard architecture for distributed objects (also known as "components") in networks.
  • OLAP dashboard - The “OLAP” designation indicates that one or more of the graphs or reports (sometimes referred to as “panes,” in the dashboard) are based on an OLAP (Online Analytical Processing) data source.
  • onboard intelligence - Onboard intelligence is the use of artificial intelligence (AI) that is housed locally in the device it operates.
  • ONC (Office of the National Coordinator for Health Information Technology) - The Office of the National Coordinator for Health Information Technology, abbreviated ONC, is an entity within the U.
  • open source business intelligence (OSBI) - Open source business intelligence (BI) is, technically, free BI.
  • operational excellence - Operational excellence is a methodology of striving for efficacy throughout an organization’s processes.
  • operational intelligence (OI) - Operational intelligence (OI) is an approach to data analysis that enables decisions and actions in business operations to be based on real-time data as it's generated or collected by companies.
  • operational performance management (OPM) - Operational performance management (OPM) is the alignment of all business units within an organization to ensure that they are working together to achieve core business goals.
  • Oracle Big Data Appliance - Oracle Big Data Appliance is a converged hardware and software platform for big data that can be used to capture and analyze data from a wide variety of sources.
  • order management - Order management is the administration of business processes related to orders for goods or services.
  • organizational network analysis (ONA) - Organizational network analysis (ONA) is a quantitative method for modeling and analyzing how communications, information, decisions and resources flow through an organization.
  • over sampling and under sampling - Over sampling and under sampling are techniques used in data mining and data analytics to modify unequal data classes to create balanced data sets.
  • pandemic plan - A pandemic plan is a documented strategy for business continuity in the event of a widespread outbreak of a dangerous infectious disease.
  • partner relationship management (PRM) - Partner relationship management (PRM) is a combination of the software, processes and strategies companies use to streamline business processes with partners who sell their products.
  • patch management - Patch management is an area of systems management that involves acquiring, testing and installing multiple patches, or code changes, to an administered computer system.
  • performance and accountability reporting (PAR) - Performance and accountability reporting (PAR) is the process of compiling and documenting factors that quantify an institution's profitability, efficiency and adherence to budget, comparing actual results against original targets.
  • performance scorecard - A performance scorecard is a graphic or an application that depicts the progress over time of some entity, such as an enterprise, an employee or a business unit, toward some type of goal.
  • perishable data - Perishable data is the specific bits of data within large volumes gathered that must be quickly acted upon to realize any benefit to a business.
  • Platform as a Service (PaaS) - Platform as a service (PaaS) is a cloud computing model in which a third-party provider delivers hardware and software tools -- usually those needed for application development -- to users over the internet.
  • Plutchik's wheel of emotions - Plutchik's wheel of emotions is a model of human emotions that uses overlaying colors to portray combinations of affect.
  • policy-based management - Policy-based management is an administrative approach that is used to simplify the management of a given endeavor by establishing policies to deal with situations that are likely to occur.
  • polynomial interpolation - Polynomial interpolation is a method of estimating values between known data points.
  • population - In statistics and other areas of mathematics, a population is a complete collection of entities or items that has at least one characteristic in common.
  • positive correlation - A positive correlation is a relationship between two variables such that their values increase or decrease together.
  • precision agriculture - Precision agriculture is an approach to farm management that uses information technology (IT) to ensure that plants, animals and the soil receive exactly what they need for optimum health and productivity.
  • prediction error - A prediction error is the failure of some expected event to occur.
  • predictive coding - Predictive coding software can be used to automate portions of an e-discovery document review.
  • Presto - Presto is a free and open source distributed SQL query engine designed for the demands of big data.
  • private cloud (internal cloud or corporate cloud) - Private cloud is a type of cloud computing that delivers similar advantages to public cloud, including scalability and self-service, but through a proprietary architecture.
  • problem management - Problem management, in information technology, is a process aimed at resolving incidents and problems caused by end-user errors or IT infrastructure issues, and preventing recurrence of such incidents.
  • processing in memory (PIM) - Processing in memory (PIM, sometimes called processor in memory) is the integration of a processor with RAM (usually DRAM or SRAM) on a single chip.
  • product analytics - Product analytics is the process of gathering and transforming user-level data into insights that reveal how customers interact with specific products.
  • profitability analysis - Profitability analysis is a component of enterprise resource planning (ERP) that allows administrators to forecast the profitability of a proposal or optimize the profitability of an existing project.
  • project management - Project management is the discipline of using established principles, procedures and policies to successfully guide a project from conception through completion.
  • proprietary solution - A proprietary solution is a hardware or software product or combination of products and services that is tied to a specific vendor, to the exclusion of all other vendors.
  • pseudoscience - Pseudoscience is a proposition, a finding or a system of explanation that is presented as science but that lacks the essential rigor of the scientific method.
  • Qlik - Qlik is a software vendor specializing in data visualization, executive dashboards and self-service business intelligence products.
  • Qualified Security Assessor (QSA) - A Qualified Security Assessor (QSA) is a person who has been certified by the PCI Security Standards Council to audit merchants for Payment Card Industry Data Security Standard (PCI DSS) compliance.
  • qualitative data - Qualitative data is information that cannot be counted, measured or easily expressed using numbers.
  • Quiz: Web Management Basics - How to take the quiz: - After reading the question, click on the answer that you think is correct to go to the whatis definition.
  • R programming language - The R programming language is an open source scripting language for predictive analytics and data visualization.
  • rabbit hole - A rabbit hole, in a metaphorical sense, is a long and winding exploratory path with many connections and offshoots.
  • random walk hypothesis - Random walk hypothesis is a mathematical theory where a variable does not follow an apparent trend and moves seemingly at random.
  • RDBMS (relational database management system) - A relational database management system (RDBMS) is a collection of programs and capabilities that enable IT teams and others to create, update, administer and otherwise interact with a relational database.
  • real-time analytics - Real-time analytics is the use of data and related resources for analysis as soon as it enters the system.
  • real-time business intelligence (BI) - Real-time business intelligence is an approach to data analytics that enables business users to get up-to-the-minute data by directly accessing operational systems.
  • recommendation engine - Recommendation engines are common among online retail websites, such as Amazon.
  • records information management (RIM) - Records information management (RIM) is a corporate area of endeavor involving the administration of all business records through their life cycle.
  • remote deposit capture (RDC) - Remote deposit capture (RDC) is a system that allows a customer to scan checks remotely and transmit the check images to a bank for deposit, usually via an encrypted Internet connection.
  • reputation management - Reputation management is the practice of attempting to shape public perception of a person or organization by influencing online information about that entity.
  • Results-Only Work Environment (ROWE) - A Results-Only Work Environment (ROWE) is a human resource management (HRM) strategy that places emphasis on setting and meeting objectives.
  • ROI (return on investment) - For a given use of money in an enterprise, the ROI (return on investment) is how much profit or cost saving is realized as a result.
  • role sharing - Role sharing occurs when an individual within a VAR or other solution provider's organization assumes multiple roles such as "sales engineer", "field engineer", "account manager" or other roles.
  • rule of five (statistics) - The rule of five is a rule of thumb in statistics that estimates the median of a population by choosing a random sample of five from that population.
  • Sage CRM - Sage CRM is a line of software products for customer relationship management in the small-to-medium size business market.
  • sales lead - A sales lead is a potential sales contact, individual or organization that expresses an interest in your goods or services.
  • sampling error - A sampling error is a problem in the way that members of a population are selected for research or data collection, which impacts the validity of results.
  • SAP - SAP SE is a multinational software corporation that is currently the market leader in the enterprise resource planning (ERP) field.
  • SAP BusinessObjects BI - SAP BusinessObjects BI (SAP BO, also historically BOBJ) is a reporting and analytics business intelligence (BI) platform aimed at business users.
  • SAP BW (Business Warehouse) - SAP Business Warehouse (BW) is a model-driven data warehousing product based on the SAP NetWeaver ABAP platform.
  • SAP HANA - SAP HANA is an in-memory database and application development platform for processing high volumes of data in real time.
  • SAP Lumira - SAP Lumira (formerly called SAP Visual Intelligence) is a self-service, data visualization application for business users.
  • SAS Institute Inc. - SAS Institute Inc.
  • Scala (Scalable Language) - Scala is a software programming language that mixes object-oriented methods with functional programming capabilities.
  • scatter plot - A scatter plot is a set of points plotted on a horizontal and vertical axes.
  • scenario planning - Scenario planning allows a business to prepare for various potential events and situations, known as scenarios.
  • Scrum - Scrum is a collaborative Agile development framework that breaks large processes down into small pieces in order to streamline efficiency.
  • seat management - Seat management is a method of coordinating all the workstations in an enterprise network by overseeing the installation, operation, and maintenance of hardware and software at each workstation.
  • secondary data - Secondary data is research data that has previously been gathered and can be accessed by researchers.
  • security information management (SIM) - Security information management (SIM) is the practice of collecting, monitoring and analyzing security-related data from computer logs.
  • self-service analytics - Self-service analytics is an approach to advanced analytics that gives the ability to conduct analyses to business users, rather than data scientists.
  • self-service business intelligence (BI) - Self-service business intelligence (BI) is an approach to data analytics that enables business users to access and work with corporate data even if they do not have a background in statistical analysis, BI or data mining.
  • semi-structured data - Semi-structured data is data that has not been organized into a specialized format, such as a table, a record, an array or a tree but that nevertheless has associated information, such as metadata, that makes it more amenable to processing than raw data.
  • sentiment analysis (opinion mining) - Sentiment analysis, also referred to as opinion mining, is an approach to natural language processing (NLP) that identifies the emotional tone behind a body of text.
  • SequenceFile - A SequenceFile is a flat, binary file type that serves as a container for data to be used in Hadoop distributed compute projects.
  • serial position effect - The serial position effect is the psychological tendency to remember the first and last items in a list better than those in the middle.
  • service assurance (SA) - Service assurance (SA) is a procedure or set of procedures intended to optimize performance and provide management solutions in communications networks, media services and end-user applications.
  • service-level management - Service-level management is the monitoring and management of the quality of service(QoS) of an entity's key performance indicators(KPIs).
  • service-oriented management (SOM) - Service-oriented management (SOM) is the operational management of service delivery within a service-oriented architecture (SOA).
  • seven wastes - The seven wastes are categories of unproductive manufacturing practices identified by Taiichi Ohno, the father of the Toyota Production System (TPS).
  • silent monitoring - Silent monitoring refers to the practice of call center managers or senior agents listening to the interaction between an incoming caller and an agent.
  • Simple Network Management Protocol (SNMP) - Simple Network Management Protocol (SNMP) is an application-layer protocol used to manage and monitor network devices and their functions.
  • single source of truth (SSOT) - Single source of truth (SSOT) is a concept that an organization can apply as part of its information architecture to ensure that everyone in the organization uses the same data when making business decisions.
  • skewness - Skewness is asymmetry in a statistical distribution, in which the curve appears distorted or skewed either to the left or to the right.
  • SMAC (social, mobile, analytics and cloud) - SMAC (social, mobile, analytics and cloud) is the concept that the convergence of four technologies is currently driving business innovation.
  • small data - Small data is data presented in a volume and format that makes it accessible and actionable.
  • small multiples - Small multiples (also called trellis charts or lattice charts) provide data visualization of many small, interrelated graphs clustered together in a single display.
  • small to medium enterprise (SME) - SME (small-to-medium enterprise) is a convenient term for segmenting businesses and other organizations that are somewhere between the "small office-home office" (SOHO) size and the larger enterprise.
  • SNOMED CT (Systematized Nomenclature of Medicine -- Clinical Terms) - SNOMED CT (Systematized Nomenclature of Medicine -- Clinical Terms) is a standardized, multilingual vocabulary of clinical terminology that is used by physicians and other health care providers for the electronic exchange of clinical health information.

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