Business Analytics
The process of using statistical analysis and modeling to explore and interpret business data to make informed decisions.
The process of using statistical analysis and modeling to explore and interpret business data to make informed decisions.
An estimation technique used in Agile software development where team members assign story points to tasks through consensus-based discussion.
A strategic approach where multiple potential solutions are tested to identify the most promising one.
Business Process Modeling Language (BPML) is a language used for modeling business processes, enabling the design and implementation of process-based applications.
A preliminary version of a project or system used to test and validate its feasibility before full-scale implementation.
Business Intelligence (BI) encompasses technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
A strategic framework used to analyze the external macro-environmental factors affecting an organization: Political, Economic, Social, Technological, Environmental, and Legal.
A fictional character created to represent a user type that might use a site, brand, or product in a similar way, guiding design decisions.
A phenomenon where the winner of an auction tends to overpay due to emotional competition, leading to a less favorable outcome than anticipated.