Some Technology Terms

Blue Tooth:
An industrial specification for wireless Personal Area Networks (PANs), this technology allows users to connect and exchange information between devices such as mobile phones, laptops, PCs, printers, digital cameras, and video game consoles over a short range wireless connection.

Business Intelligence (BI):
It is a term used to refer to the process of business management. This technology consists of applications and technologies that allow users to gather, access, and analyze a company’s data and information. Overall, it helps users to gain comprehensive knowledge of the factors that affect the company’s overall performance.

Code Division Multiple Access(CDMA):
As the name suggests, this technology provides multiple users access to a certain physical medium – such as a radio channel. This is done through the use of different code sequences.

Customer Relationship Management (CRM):
This is a fairly broad term that is used to describe a company’s strategic relationship with its customers. It usually deals with the capturing, storing, and analysis of customer information.

Dashboard:
This software is used to host smaller applications known as – widgets. When active, it allows users to create, delete, rearrange, and recreate the widgets on their desktop.

Data Mining:
It allows the user to scan through large amounts of data and pick out the relevant information. It uses modern experimental and observational methods to extricate information from large data sets.

Data Warehousing:
A comprehensive technology that provides the key people within an enterprise with access to any level of required information within the enterprise. It is an enterprise wide framework that permits the management of all enterprise information.

Economic Value Added (EVA):
A technology that allows an enterprise to calculate its true economic profit. It is based on the residual wealth that is calculated by deducting the cost of capital from its operating profit.

Grid Computing:
Grid computing allows the virtualization of distributed computing and data resources such as processing, network bandwidth and storage capacity to provide a unique system image, granting users and applications access to vast IT capabilities.

Interactive Voice Response (IVR):
A phone technology, which allows the use of a touch tone telephone to access or provide information into a database. For example, banks use the IVR technology to provide customers with information about their account, etc.

Just In Time (JIT):
Also known as dynamic translation, it is a technique for improving the runtime of any computer program. This is done through the caching the results of translation of codes, causing high speed code execution.

Network Attached Storage (NAS):
A file level data storage that is connected to a computer network, which provides data access to various network clients. It is a server that primarily allows file sharing.

Radio Frequency Identification (RFID):
This is a method of identification through the use of radio waves. This identification takes place through the use of transponders that allow the storage and retrieval of data. The transponder can be incorporated onto any physical object, which will allow identification through the use of radio waves.

Relational Database Management System (RDBMS):
This is a database management system that functions to provide the relation between stored data. This technology allows the data and the relationship between the data to be stored in the form of tables.

Return On Investment (ROI):
This is a term that refers to the money that is gained or lost related to an investment as against the money that was used for the investment.

Service Level Agreement (SLA):
A formal agreement between two parties, where the level of service is formally defined. In some instances, violation of this agreement could lead to certain penalties.

Service Oriented Architecture (SOA):
This technology can be best described as a collection of services. The services interoperate with each other and can be accessed without knowledge of the underlying platform implementation.

Time Division Multiple Access (TDMA):
This is a medium for sharing a communications channel across multiple users. This technology allows the connection of multiple transmitters.

Total Cost of Ownership (TCO):
An estimate that allows an enterprise to determine the direct and indirect cost with respect to a certain deployment. The costs could arise from the original cost, upgrades, maintenance, technical support, and training.

Total Supply Chain Management(TSCM):
It is the process of planning and controlling operations across the entire supply chain that spans from the origination of raw materials to the consumption of the final product by the customer.