Glossary

Immerse yourself in our diverse world of knowledge and inspiration. In our glossary you will find all terms from the world of IT.

AI

AI

Whether in medical technology, mechanical engineering or marketing, artificial intelligence, or AI for short, is being talked about more and more everywhere these days. But what is it exactly? And what is it good for?

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API

API

The abbreviation API stands for Application Programming Interface and refers to an interface that enables different software applications to communicate with each other and exchange data.

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Big Data

Big Data

Big data is a powerful tool that helps companies and organisations to gain valuable insights from large and complex data sets. By understanding and applying the six Vs data scientists and analysts can better understand and utilise the important characteristics of big data.

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BPMN

BPMN

BPMN (Business Process Model and Notation) is a standardized graphical notation for modelling business processes. It is used to visually represent processes and workflows within a company or organization.

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Cloud

Cloud

The term cloud (German: “Wolke”) is short for cloud compution and refers to an infrastructure for the provision of IT services and resources that are accessible via the internet.

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cnc

CNC

Computerized Numerical Control, or CNC for short, refers to the computerized numerical control of machine tools (CNC machines).

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CPQ

CPQ

CPQ stands for Configure, Price, Quote. It is a software solution that was developed specifically for sales to automate the sales process.

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creditor

Creditor

A creditor in finance is also called a creditor who has a claim or a receivable. Any individual or legal entity, as well as any company that supplies goods or provides services, becomes a creditor.

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CRM

CRM

In today’s competitive business environment, effective management of customer relationships is critical.

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debtor

Debtor

The term debtor is derived from Latin and literally means “debtor”. Thus, debtor is another term for a debtor from delivery and/or services. In practice, it is often the customers of a company who buy goods on account or use services for which they have not yet paid. However, a company or a legal entity under public law can also be a debtor.

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DMS

DMS

The abbreviation DMS stands for Document Management System. It is basically a system and software that is used to manage, store and track electronic documents and images.

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Domain

Domain

A domain (from English domain, “area”, “domain”) is a coherent subarea of the hierarchical Domain Name System (DNS).

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EDI

EDI

EDI stands for “Electronic Data Interchange”. It is the computer-based exchange of standardised business data between different companies.

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Entrepreneur

Entrepreneur

An entrepreneur is a person who develops a business idea, founds a company and actively manages it. The term comes from the French and literally means “entrepreneur”.

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ERP

ERP

The abbreviation ERP stands for “Enterprise Resource Planning”. It refers to a software that supports companies in resource planning.

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ESB

ESB

ESB stands for Enterprise Service Bus and refers to a software architecture model that facilitates the integration of different applications and systems in a corporate environment.

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Fattura PA

Fattura PA

Fattura PA is a significant step towards digitalisation and increased efficiency in accounting for public administrations in Italy. The standardisation and automation of invoicing reduces the administrative burden, reduces the susceptibility to errors and increases transparency.

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gdpr

GDPR

The General Data Protection Regulation (GDPR) is a regulation of the European Union. The GDPR is a standardization of data protection in Europe. I

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https

HTTP and HTTPS

The internet is based on communication between clients and servers that provide information. One of the most important technologies for this communication are the HTTP and HTTPS protocols.

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IaaS

IaaS (Infrastructure as a Service) is a cloud computing model in which basic IT infrastructures such as computing power, storage space, network resources and virtual machines are provided via the internet.

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IDP

IDP

IDP stands for Intelligent Document Processing. It is an advanced technology based on artificial intelligence (AI) and machine learning to automate and optimize document processing.

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IoT

IoT

The Internet of Things(IoT for short) describes the networking of physical devices and objects via the internet so that they can communicate with each other and exchange data.

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kanban

Kanban

Kanban is a method that makes work visible and processes more efficient. It was originally developed by Toyota in Japan in the 1940s to optimize production.

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Low Code

Low-code describes a method or platform that allows applications or software solutions to be developed with a minimal amount of traditional, hand-written code.

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maschinelles lernen machine learning

Machine Learning

Machine learning (ML) is a forward-looking tool that helps companies to automate processes, make more accurate predictions and create personalised experiences.

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mde

MDE

MDE is an abbreviation for the term Machine Data Acquisition. Machine data refers to all the information that accumulates on an industrial machine.

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No Code

No-code describes a method or platform that can be used to create applications or software solutions without the need for programming skills.

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on premise

On Premise

The term “on-premises” (also called “on-prem”) refers to an IT infrastructure that is operated locally on a company’s premises.

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