Benchmark

Benchmark

A standard, or point of reference, against which something else may be measured. See Benchmarking.

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Industry/Domain: Economy
Category: Economics
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benchmark

Internet; Internet communication

To test aspects of computer hardware or software against a known standard. When used as a noun, a benchmark usually is the result of such a test. Benchmarks are only useful if all ...

benchmarking

Retail; Supermarkets

A performance standard against which operating performance is measured, which is used to identify performance improvements and best practices in an industry.

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

benchmarking

Business services; Human resources

A technique using quantitative or qualitative data to make comparisons between different organizations or different sections of the organizations.

immaterial economy

Economy; Economics

An economy in which traditional investment in areas such as natural resources, equipment and infrastructures lags behind immaterial items such as training and research and ...

digital economy

Economy; Economics

The digital economy represents the persuasive use of IT (hardware, software, applications and telecommunications) in all aspects of the economy, including internal operations of ...

knowledge management

Economy; Economics

Management of the intellectual product that is generated by associating relationships among items of data and information in a given field. Source: Termium plus. Sub verbis ...

internet economy

Economy; Economics

A business environment created by networks of enterprises conducting e-commerce. (The "I" in "internet is normally spelled with a capital "I") Source: Samarajiva, Rohan. “How the ...

circular economy

Economy; Economics

The discipline which focuses on the design, development, operation, renewal and decommissioning of industrial facilities as ecological systems, with an emphasis on the ...

economic intelligence

Economy; Economics

The techniques for extracting essential information from a large volume of data and presenting it in an easy-to-understand form, hiding all complexity, making it suitable for ...

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