General Terms

NTP

Stands for Network Time Protocol. A networking protocol for clock synchronization within computer systems and data networks. NTP synchronizes the devices with UTC (Coordinated Universal Time) using a modified Marzullo’s algorithm.

OLAP

Stands for Online Analytical Processing. OLAP is a technology used in Business Intelligence (BI) applications, which allows complex calculations, data modeling, trend analysis, and other manipulations of business data. Implementations of the technology include dynamic reporting, medical institution activities, forecasting solutions, etc.

Online Marketplace

A type of e-commerce website. A platform for multiple third parties to offer products or services. The marketplace facilitates communication between customers and vendors/services, and transactions are processed by the marketplace operator.

Online Marketing

Online marketing (digital marketing) is the practice of leveraging web-based channels to spread a message about a company’s brand, products, or services to its potential customers.

Open Source

A software development model, that is decentralized and encourages open collaboration. Any program whose source code is freely available to the public. Unlike commercial software, they can be used and modified by anyone and are often developed as a community rather than by a single organization.

OpenGL

Short for Open Graphics Library. A cross-language, cross-platform API  for developing 2D and 3D graphics applications. It is used in CAD, video games, virtual reality and other visualisations. The software also offers a set of functions for special effects, rendering and texture mapping.

ORM

Stands for Object-Relational Mapping. A programming technique that allows to address, access and manipulate objects without having to consider how those objects relate to their data sources. Basically, the data can be converted between incompatible type systems (e.g., variables, functions).

OTA

Short for Online Travel Agency. ​Travel websites that provide online planning and booking facilities for hotels, airlines, cars and other travel related services to users.​ OTA type websites allow customers to make reservations and pay for them via standard online payment methods.

OWASP

Stands for Open Web Application Security Project. An open community that provides free tools, documentation and other sources of improving application security. The community also offers support to companies in developing, maintaining and operating applications that can be trusted.

Parallel computing

Parallel computing is a type of computation in which many calculations or the execution of processes are carried out simultaneously.

Parser

Software code in a compiler or interpreter, a special-purpose program, that performs a syntactic analysis of a string of symbols in a natural or computer language, based on formal rules. There are two types of parsers, top-down and bottom-up, depending on the element it starts the analysis with.

Parsing

The process of analyzing strings of symbols in a natural or computer language (a piece of text or program code). In a natural language, the purpose is to identify parts of speech in a sentence and connections between them. In a source code - to identify code component to facilitate the work of a compiler or interpreter.

PCB design

Printed circuit board (PCB) design brings your electronic circuits to life in the physical form. Using layout software, the PCB design process combines component placement and routing to define electrical connectivity on a manufactured circuit board.

Performance tuning

Performance tuning is the improvement of system performance.

PLM

Stands for Product Lifecycle Management. A systematic approach in software development. It is used to manage the stages a product goes through, from its design and development to its ultimate retirement or disposal. It has four stages: conceive, design, realise and service.

Plug-in

A software component that is installed onto a program, giving it the authority to perform additional features. It makes other apps customizable (e.g., scanning for viruses, search, use a non-standard video player). Users can also personalize the look of an app.

POI

Short for Point of Interest. ​Points on the map (GPS coordinates with descriptions) that you are interested in and want to store. Mobile users can also be provided with recommendations of relevant to POI places, based on geolocation data.

POS

Stands for Point of Sale. A computerized terminal that is a replacement for a cash register. It has the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network. POS can be physical (in stores, hotels, etc.) and online.

PPC

Pay-per-click (PPC) is a type of online advertising where you only pay when somebody clicks on your ad.

Problem solving

Problem solving consists of using generic or ad hoc methods in an orderly manner to find solutions to problems. 

Proprietary Software

Type of intellectual property, owned by a company, an individual or a group of developers (usually the one that developed it). Usually, it has major use restrictions, and its source code is almost always kept secret. The owner retains patent or copyright.

Public Speaking

Public speaking (also called oratory or oration) is the process or act of performing a speech to a live audience.

QGIS

Stands for Quantum Geographic Information System. A cross-platform (Windows, Mac, Linux, BSD) free GIS application for desktop use. It provides different tools for manipulating geospatial data, such as viewing, editing, and analysis.

Rapid prototyping

Rapid prototyping is a method of quickly creating a scale model of a part or finished product, using computer-aided design (CAD) software.

Resource management

Resource management is the efficient and effective development of an organization's resources when they are needed. Such resources may include the financial resources, inventory, human skills, production resources, or information technology (IT) and natural resources.