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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Immerse yourself in our diverse world of knowledge and inspiration. In our glossary you will find all terms from the world of IT.
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?
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.
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.
Computerized Numerical Control, or CNC for short, refers to the computerized numerical control of machine tools (CNC machines).
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.
In today’s competitive business environment, effective management of customer relationships is critical.
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.
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.
A domain (from English domain, “area”, “domain”) is a coherent subarea of the hierarchical Domain Name System (DNS).
EDI stands for “Electronic Data Interchange”. It is the computer-based exchange of standardised business data between different companies.
The abbreviation ERP stands for “Enterprise Resource Planning”. It refers to a software that supports companies in resource planning.
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.
The General Data Protection Regulation (GDPR) is a regulation of the European Union. The GDPR is a standardization of data protection in Europe. I
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.
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.
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.
Machine learning (ML) is a forward-looking tool that helps companies to automate processes, make more accurate predictions and create personalised experiences.
MDE is an abbreviation for the term Machine Data Acquisition. Machine data refers to all the information that accumulates on an industrial machine.
No-code describes a method or platform that can be used to create applications or software solutions without the need for programming skills.
The term “on-premises” (also called “on-prem”) refers to an IT infrastructure that is operated locally on a company’s premises.
Optical Character Recognition (OCR) is a pioneering technology that makes manual text recognition obsolete and significantly increases efficiency in various industries.
Platform as a Service (PaaS) is a cloud computing model that provides a complete development and deployment environment in the cloud.
Production data acquisition, or PDC for short, refers to the systematic collection and processing of data for controlling and optimizing operational processes.
PEPPOL is a powerful tool that is revolutionising electronic business transactions. By standardising business documents, improving security and reducing operating costs, PEPPOL offers significant benefits for companies and public institutions.
A pitch is a summary of your story/business idea in a single sentence (max. In one paragraph) – also called a high-concept.
IDP What is “PPS”? PPS stands for Production Planning and Control System. This is a computer program/software tool designed to help companies plan, control and monitor production, as well as
Return on investment (ROI) is a key concept in the world of corporate finance. This indicator serves as a benchmark for the profitability of investments and plays a decisive role in strategic decisions made by companies.
Robotic Process Automation (RPA) marks a milestone in the automation of business processes. RPA refers to the use of software robots or “bots” that automate repetitive tasks in business processes in order to increase efficiency and free up human resources for more value-adding activities.
SaaS (Software as a Service) is a cloud computing model in which software applications are provided via the Internet and hosted by a third-party provider.
