"Complexity made simple"
Deciphering the commercial language of Digital Transformation.
Agile – A modern set of values and principles for software product development, where customer requirements and solutions are discovered and implemented in much shorter cycles by teams, who have a focus on collaboration and self management
Scrum – The most popular Agile Framework, which prescribes set of roles, artefacts and practices to be followed.
Kanban – is a method for visualizing and encouraging the flow of work (derived from lean manufacturing), so demand can be matched with capacity and bottlenecks can be spotted easily
Robotics – technologies that are used to develop machines that could be a substitute for humans
Artificial Intelligence – coined by John McCarthy at MIT in 1956, this is the practice of creating machines that can learn new things, adapt to their environment and make decisions like human beings
Machine Learning – using algorithms to analyse and make sense of data, so that new patterns can be learned and used to provide helpful predictions
Deep Learning – is a paradigm of machine learning which uses the concept of neural networks to learn and store a huge amount of information in a deep, multi-levelled hierarchical format. These are used in voice recognition and image classification software
Big Data – The accumulation of extremely large data sets. This data can then be used to spot patterns, trends and correlations, which can help drive business decision making
Blockchain – Is a big distributed database, which is accessible from the internet, very secure and highly resistant to unauthorized modification of data.
COTS – Stands for Commercial Off the Shelf Applications, these are packaged solutions which can be used straight “out of the box” and are easily customizable.
CX/UX – Stands for Customer Experience and User Experience, which represent a company’s digital touchpoints with their customers.
Growth Hacking – Using cutting edge marketing and product development methods to increase exposure to product/service, which then drives and accelerates the growth of the business
Holocracy – Holacracy provides a leaderless alternative to traditional hierarchy way of managing organizations. Implemented by Zappos and Medium
Internet of Things – The practice of embedding computers into everyday things so that they can connect to internet and be controlled remotely
Omni-Channel – Providing customers with a consistent and integrated experience across all channels, whether it is in a physical store, on a web site or via and app. Most relevant in the retail world.
Quantum Computing – Computers which could be millions of times faster than the ones we are using today.
Cloud Computing – using a network of remote servers hosted on the Internet run IT services, rather than on-premise server or personal computer
SaaS – stands for Software As A Service, where software is centrally hosted on the cloud and licensed on a subscription basis. Examples include SalesForce and ServiceNow
IaaS – stands for Infrastructure As A Service – where the IT infrastructure items such as servers, storage, load balancers are hosted centrally on the cloud and licensed on a subscription basis.
PaaS – stands for Platform As A Service – where the entire computing platform for developing applications (operating system, database, Integrated development environment, tools) is hosted centrally on the cloud and licensed on a subscription basis.
DevOps – is a software development and delivery process that emphasizes communication and collaboration between product management, software development, and operations professionals