Word of the Day: Tech Definitions from WhatIs.com


November 13, 2013  2:39 PM

Word of the Day: rolling forecast

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard

“It’s no secret that the BYOA trend creates new security challenges. Internal applications typically rely on firewalls, but best practices for cloud-based services usually rely on secure passwords and encryption technologies.”Chris Moyer

Today’s WhatIs.com Word of the Day is rolling forecast, an add/drop process for predicting the future over a set period of time. Rolling forecasts are often used in long-term weather predictions, project management, supply chain management and financial planning. If, for example, an organization needs to anticipate operating expenses a year in advance, the rolling forecast’s set period of time would be 12 months. After the first month had passed, that month would be dropped from the beginning of the forecast and another month would be added to the end of the forecast. Because a rolling forecast window requires routine revisions, it is sometimes referred to as a continuous forecast or an iterative forecast. Continued…

Related Terms

BPF
predictive analytics
demand planning
fiscal year

Quiz Yourself

A rolling forecast budget uses a FIFO approach for time. What does FIFO stand for?
a. first in/first out
b. financial information/forecast ongoing
Answer

Related Reading

Rolling forecast model can improve usefulness of financial data
Should you adopt a rolling forecast model to replace slow and broken processes?  You won’t need a crystal ball to guess the answer.

Gartner Symposium forecast: Cloudy with a good chance of 3-D printing
This CIO Searchlight shares some predictions from the Gartner Symposium along with some innovation news from Disney.

Which budget technique is right for your organization?
Explore which approach to forecasting budget requirements meets your organization’s needs.

November 12, 2013  4:30 PM

Word of the Day: BYOA

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard

ChrisMoyer

“It’s no secret that the BYOA trend creates new security challenges. Internal applications typically rely on firewalls, but best practices for cloud-based services usually rely on secure passwords and encryption technologies.” — Chris Moyer

Today’s WhatIs.com Word of the Day is BYOA, the trend toward employee use of third-party applications and cloud services in the workplace. BYOA is part of the larger trend of IT consumerization toward the use of consumer market technologies within the enterprise. Continued…

Related Terms

IT consumerization
BYOD
MAM
IT consumerization policy
application sandboxing

Quiz Yourself

Why would an enterprise software developer want to wrap an app?
a. to associate specific security policies with the app’s use.
b. to protect the app from copyright infringement.
Answer

Related Reading

BYOA is here: Six steps to making mobile apps enterprise-ready
Whether you have a mobility strategy or are working on one, these six steps for making mobile apps enterprise-ready will be helpful.

Prevent BYOA headaches
Managing the growing BYOA trend doesn’t mean banning employees’ personal apps—but it does require clear communication and careful monitoring.

Mobile device trends in the enterprise: It’s a numbers game
Read what attendees and speakers at the CITE forum had to say about mobile device trends such as BYOA.


November 1, 2013  2:50 PM

Word of the Day: Google BigQuery

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard

“When asked where Google fits into the pantheon of big cloud players, panel experts at Cloud Connect Santa Clara all agreed it could be a big player — if it wanted to.”Mark Eisenberg

Today’s WhatIs.com Word of the Day is BigQuery, a cloud-based big data analytics service for processing very large read-only data sets. BigQuery was designed as a query tool for analyzing data on the order of billions of rows, using a SQL-like syntax. It runs on the Google Cloud Storage infrastructure and can be accessed with a REST-oriented application program interface (API). Continued…

Related Terms:

cloud service
infrastructure-as-a-service
big data analytics
ad hoc analysis
REST
API
Hadoop cluster

Quiz Yourself

The name Google was chosen for its resemblance to the number googol (a tribute to the vast amount of information in the world). If you were to write down the number googol, how many zeros would you use?
a. one hundred
b. one thousand
c. one million
Answer

Related Reading

Entry-level big data analysis with Google BigQuery
Hadoop can be intimidating, but for enterprises keen on SQL, Google BigQuery may be an easy choice for big data analysis.

Google’s big data infrastructure: Don’t try this at home
Jeromy Carriere spoke about Google’s big data infrastructure at a TDWI Boston chapter meeting. The work is impressive, but should it influence other data warehouse efforts?

Is Google mature enough for the enterprise?
Some experts say yes, but warn that IT will also need to work in a more Google-like way.


October 31, 2013  1:09 PM

Word of the Day: text mining

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard

“Analyzing the data that pours out of countless social media sites across the Web has become increasingly critical for forward-thinking organizations looking to stay ahead.”Aaron Lester

Today’s WhatIs.com Word of the Day is text mining,  the analysis of natural language text. The application of text mining techniques to solve business problems is called text analytics. Applying traditional data mining techniques to unstructured data can be challenging because natural language text is often inconsistent, containing ambiguities caused by inconsistent syntax and semantics. Text analytics software can help by transposing words and phrases in unstructured data into numerical values which can then be linked with structured data in a database and analyzed with traditional data mining techniques. Continued…

Related terms:

data mining
natural language
unstructured data
sentiment mining
noisy text
social media analytics

Quiz Yourself

What is the Cupertino effect?
a. the tendency for humans to continue investing in something that clearly isn’t working
b. an erroneous suggestion or replacement by a spellchecker
Answer

Related Reading

Channel partner loyalty: You’re being watched
Partner InSite can evaluate channel partner loyalty by analyzing the language used on a partners’ websites.

Social media analytics software pulls useful info out of online muddle
Social media analytics software enables businesses to sift through the sea of data on social networks and gain insights that can aid decision making on key business issues.

For unwary users, social media data analysis can be an unfriendly task
Learn which obstacles can stand in your way when rolling out a social media analytics program.


October 30, 2013  3:38 PM

Word of the Day: human capital management

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard

“Human capital management systems encompass a range of capabilities, including performance management, succession planning, recruiting and orientation.”Sue Hildreth

Today’s WhatIs.com Word of the Day is human capital management, an approach to employee staffing that perceives people as assets (human capital) whose current value can be measured and whose future value can be enhanced through investment. Continued…

Related Terms

talent management software
talent analytics
enterprise resource planning
human resource management system
human resource information system

Quiz Yourself

In HR lingo, what do you call the emotional connection an employee experiences that results in his willingness to expend discretionary effort at work?
Answer

Related Reading

Cold storage company reduces human capital management complexity
Since going live in June, Dayforce Human Captital Management has helped Millard Refrigerated Services reduce paper-based processes and improve employee self-service.

Guide to human capital management software
In this guide, learn the growing importance of HCM software, preview future HCM software trends and find out how HCM software differs from HRMS.

Integrating talent management and core HR systems valuable but tricky
Although real-time integration between talent management and core HR systems is desirable, complexity often trips companies up, experts say.


October 28, 2013  2:32 PM

Word of the Day: sharing economy

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Overheard


“There’s this sea change and mind shift happening around the American dream. It used to be about ownership, but now it’s about access and convenience.” — Brian Harrington

 

Today’s WhatIs.com Word of the Day is sharing economy, a trending business concept that highlights the ability (and perhaps the preference) for individuals to rent or borrow goods rather than buy and own them. The most important criteria for a sharing economy is that it allows individuals to monetize assets that are not being fully utilized.
Continued…

Related terms:

m-payment
mobile point of sale (mobile PoS)
Square
peer-to-peer (P2P)
sea change

Quiz Yourself

What does direct mobile billing allow you to do?
a. charge merchandise to your mobile phone account
b. share your data plan with family members
Answer

Related Reading

CEO mindset: To grow where no one has grown before
Gartner probes the CEO mindset and sees ‘economic defiance,’ an appetite for digital growth and lots of work for the ambitious CIO.

Why companies must rethink data sharing
GE CEO Jeff Immelt explains to customers the benefits of sharing machine data in an industrial Internet.

Understanding PCI mobile payment processing security guidelines
Mike Chapple discusses the new PCI Mobile Payment Acceptance Security Guidelines and explains what merchants must do to comply with these standards.


October 18, 2013  12:03 PM

Word of the Day: open API

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

“Now that software-defined networking has become a reality, innovation at the software layer and above will allow for parallelization and virtualization of the network stack. It will also mean open APIs for third-party development.” — Andreas Antonopoulos

Word of the Day

Today’s WhatIs.com Word of the Day is open API, an application program interface that provides a developer with programmatic access to a proprietary software application. Open APIs are published on the Internet and shared freely. Continued…

Related Terms:

API
API management
DevOps

Quiz Yourself

You probably know that this little penguin is the logo for the Linux operating system, but do you know the penguin’s name?
a. Chilly
b. Opus
c. Tux
d. Wheezy
Answer

Related Reading

Open APIs are nice, but vendors must shoulder data center integration
We tout open APIs for automation and integration in the software-defined data center, but that means big effort by engineers, without requiring vendors to work toward integration.
Old SOA versus new SOA? Open APIs change the game
The high-profile Oracle-Google Android trial shows the changing nature of the Application Programming Interface (API). The move is reflected in new API management products.
Essential guide to API management and application integration
This essential guide covers everything from effective API management to key terms associated with the technology.


October 18, 2013  11:52 AM

Word of the Day: Open Compute Project

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

“When Facebook custom built its data center in Oregon, the goal was to create an easy-to-maintain system that cut down on energy consumption. Then they made all of the specs and designs public by launching the Open Compute Project.”– Dave Cappuccio

Word of the Day

Today’s WhatIs.com Word of the Day is Open Compute Project (OCP), an initiative started by Facebook to share more efficient server and data center designs with the general information technology (IT) industry. The Open Compute Project grew out of Facebook’s efforts to custom design and build software, servers and other data center components to deal with the ever-increasing demands placed on its infrastructure. Continued…

Related Terms:

OpenRack
OpenVault
vendor neutral

Quiz Yourself

Which word describes server hardware that is protected by a patent, trademark or copyright?
a. syndicated
b. proprietary
Answer

Related Reading

Better data center planning tactics from the Open Compute Project
The Open Compute Project improves data center planning by sharing new initiatives and best practices.Open source hardware helps Facebook save costs, energy
Facebook has reduced costs by 24% and increased IT energy efficiency by 38% since it started using open source hardware systems.Facebook talks about Open Compute’s open source switch project
Facebook execs Frank Frankovsky and Najam Ahmad discuss why the Open Compute Project will design an open source switch that can run any network operating system.


October 9, 2013  2:24 PM

Word of the Day: Wireshark

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

“Proactive network analysis can decrease your stress levels in the long run, enabling you to live longer and enjoy your retirement on that small secluded cove by your new beach house.” — Laura Chappell

Word of the Day

Today’s WhatIs.com Word of the Day is Wireshark, an open source network forensics tool for profiling network traffic and analyzing packets. Wireshark is a popular tool for testing basic traffic transmission, analyzing bandwidth usage, testing application security and identifying faulty configurations. Because it is open source, Wireshark’s filters can be tailored to the unique needs of a specific enterprise network. Continued…

Related Terms

network forensics
sniffer
tcpdump
application security
network configuration management

Quiz Yourself

Which word describes a 2-D telephone icon that closely resembles its 3-D real-world counterpart?
a. skeuomorphic
b. holographic
Answer

Related Reading

Detecting malicious traffic on VoIP-enabled networks with Wireshark
Because Voice over Internet Protocol leverages existing IP infrastructure, many vulnerabilities that affect traditional IP communications also affect VoIP communications.
Wireshark tutorial: How to sniff network traffic
Mike Chapple explains how to sniff network traffic and assess your enterprise’s network security.
Wireless sniffing best practices using Wireshark
Wireshark’s display filtering and protocol decoders can help a wireless network administrator to identify security vulnerabilities.


October 8, 2013  4:08 PM

Word of the Day: big data management

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

“Many companies think they have a “big data” problem when they really have a big “data problem.” — Diego Basch

Word of the Day

Today’s WhatIs.com Word of the Day is big data management, the organization, administration and governance of large volumes of both structured and unstructured data. By examining data from a variety of sources — including call detail records, system logs and social media sites — a company can gain insight into what business processes need improvement and how to gain a competitive advantage. Continued…

Related Terms

unstructured data
data quality
big data analytics
in-memory analtyics
data classification

Quiz Yourself

Which is bigger — a petabyte of data or an exabyte of data?
Answer

Related Reading

Big data and predictive analytics: When is enough data enough?
The problem with big data is not just about volume or complexity — it’s about translating the language of analytics into something the business can understand.
Structuring a big data strategy
Creating a successful big data strategy means cutting through the information noise and finding useful business insights. This big data strategy guide will help get you there.
Putting big data technology in its place
This special edition of Business Information magazine provides insight into how in-memory analytics tools can help an organization meet its business needs.


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