Topic 6: ERP and Technological Concepts Flashcards
Big Data
The massive amount of web, system or sensor generated data that existing database management tools have difficulty capturing, storing and managing.
Cloud Computing
A model of computing whereby computing services are obtained from a cloud provider over the internet and paid for based on a usage model.
Customer Relationship Management (CRM)
Software designed with the specific purpose of viewing the organisation’s data from a customer-centric perspective that monitors and helps the management of customer interactions with the organisation. Examples include Siebel and SAP.
Document Type Definition (DTD)
A set of specifications for XML tags.
Elements
Each specific item tagged in a financial statement is an element.
ERP Systems
Software designed to capture a wide range of information about all key business events including accounting and finance, human resources, sales and marketing, and manufacturing.
eXtensible Business Reporting Language (XBRL)
A data standard used when generating financial reports.
eXtensible Markup Language (XML)
A hypertext language which is used to add syntax to strings of data by embedding semantic tags. Useful for transaction processing where the data syntax is predictable and well defined.
Hardware as a Service (HaaS)
A model of computing whereby hardware computing services are obtained from a cloud provider over the internet and paid for on a usage basis.
HTML (HyperText Markup Language)
A language that a web browser uses to display a web page correctly, based on a set of standards.
Infrastructure as a Service (IaaS)
A model of computing whereby computing infrastructure such as hardware, software, data, network and services are obtained from a cloud provider over the internet and paid for on a usage basis.
Instance Document
An XBRL-tagged document containing information about an organisation’s financial statements at one instant in time.
Linkbases
The parts of an XBRL taxonomy that control how the data elements are linked together, how the values in the elements are combined, and how they are to be presented.
Material Requirements Planning (MRP)
MRP systems are computing systems which account for the logistics and production in an organisation.
Metadata
Data that describes other data.
NoSQL Databases
Databases generally used for big data that do not follow relational database rules or have the ability to use SQL to interrogate the data for information.
Platform as a Service (PaaS)
A model of computing whereby computing infrastructure as well as programming tools are obtained from a cloud provider over the internet and paid for on a usage basis.
Schema
A formal description of the structure and content of a database.
Semantic Approach
An approach focused on meaning.
Service Level Agreement
A document specifying what responsibilities the software-as-a-service provider has and how these are to be fulfilled.
Software as a Service (SaaS)
Companies that provide software applications that can be leased by a range of clients.
Sparse Data
Data from web services and sensor or environmental systems is considered to be sparse data in that it provides many attributes but the attributes instances recorded can be very small.
Supply Chain Management (SCM)
Systems that monitor and assist the management of supplier interactions with the organisation.
Taxonomies
The dictionaries that define each accounting item that can be tagged in XBRL.
