TERMINOLOGY | LOTATECH

DIGITAL ECOSYSTEM DEFINED

DIGITAL ECOSYSTEM DEFINED

Are you wondering what the definition is of a digital ecosystem? A digital ecosystem is defined as a shared use of a digital platform by people, companies, data, and processes. Digital ecosystems enable collaboration and provide mutual benefits for all involved....

CUSTOM SOFTWARE DEFINED

CUSTOM SOFTWARE DEFINED

Are you wondering what the definition is of custom software? Custom software is defined as software that is developed for a specific company or person to solve a particular problem. Software that is off-the-shelf or available at no charge (such as open...

CONTINUOUS IMPROVEMENT DEFINED

CONTINUOUS IMPROVEMENT DEFINED

Are you wondering what the definition is of continuous improvement? Continuous improvement is defined as an ongoing effort to improve a product, service, or process. Small changes or incremental improvements over time add up to significant progress. Continuous...

AUTOMATED BUSINESS PROCESSES DEFINED

AUTOMATED BUSINESS PROCESSES DEFINED

Are you wondering what the definition is of Automated Business Processes? Automated Business Processes are defined as the automation of complex business processes. Also known as digital transformation, business process automation can streamline tasks to improve...

AGILE METHODOLOGY DEFINED

AGILE METHODOLOGY DEFINED

Are you wondering what the definition is of Agile Methodology? Agile Methodology is defined as an approach to software development where solutions evolve through a collaborative team effort. With Agile Methodology, a software development project is broken...