B - Definitions

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  • B

    B2B (business to business)

    B2B (business-to-business) is a type of commerce involving the exchange of products, services or information between businesses, rather than from business to consumer (B2C).

  • benchmark

    A benchmark is a standard or point of reference people can use to measure something else.

  • big data as a service (BDaaS)

    Big data as a service (BDaS) is the delivery of data platforms and tools by a cloud provider to help organizations process, manage and analyze large data sets so they can generate insights to improve business operations and gain a competitive advantage.

  • bimodal IT (bimodal information technology)

    Bimodal IT is a two-tiered IT operations model that allows for the creation of IT systems and processes that are stable and predictable as well as agile and fast.

  • blockchain decentralization

    Decentralization is the distribution of functions, control and information instead of being centralized in a single entity.

  • business continuity management (BCM)

    Business continuity management (BCM) is a framework for identifying an organization's risk of exposure to internal and external threats.

  • business goals

    A business goal is an endpoint, accomplishment or target an organization wants to achieve in the short term or long term.

  • business innovation

    Business innovation is an organization's process for introducing new ideas, workflows, methodologies, services or products.

  • business integration

    Business integration is a strategy whose goal is to synchronize IT and business cultures and objectives and align technology with business strategy and goals.

  • business process

    A business process is an activity or set of activities that accomplish a specific organizational goal. Business processes should have purposeful goals, be as specific as possible and produce consistent outcomes.

  • business process automation (BPA)

    Business process automation (BPA) is the use of advanced technology to complete business processes with minimal human intervention.

  • business process improvement (BPI)

    Business process improvement (BPI) is a practice in which enterprise leaders analyze their business processes to identify areas where they can improve accuracy, effectiveness and efficiency and then make changes within the processes to realize these improvements.

  • Business Process Management Initiative (BPMI)

    Established in August 2000, the Business Process Management Initiative (BPMI) is a nonprofit organization that promotes the standardization of common business processes, as a means of furthering e-business and B2B development. It has since merged with the Object Management Group (OMG).

  • business process management software (BPMS)

    Business process management software (BPMS) helps companies design, model, execute, automate and improve a set of activities and tasks that, when completed, achieve an organizational goal.

  • business process mapping

    Business process mapping is the visual display of the steps within a business process showing how it's done from start to finish.

  • Business Process Model Notation (BPMN)

    Business Process Modeling Notation (BPMN), also called Business Process Model and Notation, is an open standard to diagram a business process.

  • business process outsourcing (BPO)

    Business process outsourcing (BPO) is a business practice in which an organization contracts with an external service provider to perform an essential business function or task.

  • business process reengineering (BPR)

    Business process reengineering (BPR) is a management practice in which business processes used are radically redesigned to improve efficiency, effectiveness and performance.

  • business services

    Business services refer to all services that support a company.

  • What is a balanced scorecard and how does the methodology work?

    The balanced scorecard is a management system aimed at translating an organization's strategic goals into a set of organizational performance objectives that, in turn, are measured, monitored, and changed, if necessary, to ensure that organizational goals are met.

  • What is blockchain? Definition, examples and how it works

    Blockchain is a distributed ledger technology (DLT) that's shared across a network of computers to keep a digital record of transactions.

  • What is business process management? A guide to BPM

    Business process management (BPM) is a structured approach to improving the processes organizations use to get work done, serve their customers and generate business value.

  • What is business resilience?

    Business resilience is an organization's ability to adapt quickly to disruptions while maintaining continuous business operations and safeguarding people, assets and overall brand equity.

  • What is business transformation?

    Business transformation refers to fundamental changes in an organization’s operations, strategy or structure to improve efficiency, competitiveness and financial performance.