AI for Business
A curated glossary category for "AI for Business" terms. Practical definitions for generative AI, LLM, RAG, AI agents, DX, and cybersecurity — with examples for executives and IT teams driving real-world adoption.
19 terms
AI ROI (Return on Investment in AI)
AI ROI is a metric that quantitatively measures the effects obtained — such as operational efficienc
AI Observability
An operational practice of continuously monitoring and visualizing the inputs/outputs, latency, cost
BPO (Business Process Outsourcing)
BPO refers to a form of outsourcing in which a company delegates specific business processes to an e
Demand Forecasting AI
Demand forecasting AI refers to a system that analyzes historical sales data and external factors us
ERP (Enterprise Resource Planning)
ERP (Enterprise Resource Planning) is an integrated business management system that centrally manage
Knowledge Transfer
Knowledge transfer refers to the process of systematically transferring business knowledge, know-how
MVP (Minimum Viable Product)
MVP (Minimum Viable Product) refers to an initial product developed with minimal features to conduct
Offshore Development
Offshore development is a method of outsourcing software development operations to overseas location
Retail Media
Retail media is an advertising mechanism in which retailers provide their digital touchpoints and in
Smart Factory
A smart factory is a next-generation factory that digitally integrates manufacturing equipment and p
AI Chatbot
An AI chatbot is software that leverages natural language processing (NLP) and LLMs to automatically
AI Digital Twin
A system that integrates AI into digital replicas of physical assets or processes to perform real-ti
AI Literacy (AI Literacy)
Knowledge and skills to understand the basic concepts, limitations, and risks of AI, and to appropri
Edge AI
An architecture that runs AI inference on-device rather than in the cloud. It enables low latency, p
Dynamic Pricing
Dynamic pricing is a pricing strategy that adjusts the prices of goods and services in real time bas
PMF (Product-Market Fit)
PMF (Product-Market Fit) refers to a state in which a product accurately solves customer problems in
PoC (Proof of Concept)
PoC (Proof of Concept) is the process of verifying the feasibility of a new technology or idea on a
Process Mining
A technique for analyzing event logs from business systems to visualize and improve actual business
Predictive Maintenance
Predictive maintenance is a method that uses AI to analyze sensor data and operation logs, predictin