Buzzed

Add comment October 20th, 2006 David Bush - Iasta

Uh oh, its official. This industry is now over the top on acronyms and buzzwords. This is a very entertaining article which gives good explanations of common words that people probably think they know, but more likely do not. I am not sure if I should be happy or disturbed that I actually knew what almost all of them were.

Some quotes of relevance:

“Kraft divides buzzwords into three categories. The first are “fuzzy words.” “They’re just not well defined, and they could mean multiple things,” he explains. He lists enterprise architecture and business process management among them. “BPM — what does that mean? It could be anything,” he says.

Kraft’s second category includes words with clear definitions known by some but not everyone. Software as a service and service-oriented architecture fall under this heading. “IT people clearly know what those are, but business people struggle with them,” he says.

His third list is the broadest, encompassing all the words that once had clearly defined meanings now lost through overuse and misuse. He puts supply chain and partnership here. “I usually won’t get lost when those words come up, but they don’t clarify anything, either,” he says. “

Loads of our common words in there! What is interesting though, is how intertwined the IT and Supply Chain worlds are. I think that it is very positive that sourcing is equated to technology. As long as IT does not need to be involved, of course!

Entry Filed under: General, Technology, e-Sourcing Marketplace