Black Box
A form of packaging components for sale. The contents of the black box are hidden from the purchaser: Only the details of the interface to other components and what the component does are externally published. The internal programming logic is not made known to the purchaser.
Blockchain
An encrypted digital record of transactions. The name comes from its structure, in which individual records, called blocks, are linked together in single list (or chain) using cryptography. Information held on a blockchain exists as a shared and continually reconciled database. Each block is protected with a timestamp and transaction date and link to the previous block.A decentralized and distributed ledger technology that securely records and verifies transactions across multiple computers or nodes, providing transparency, immutability, and trust.
Bring Your Own Device
A term used to describe the growing trend of employee- owned devices within a business (for example, smartphones, tablets, laptops and other devices). Most employers have policies that govern the use of employee-owned devices in the workplace that are intended to secure the privacy of employee and business data.
Business Requirements Definition
The process that occurs when analyzing an HR System (inclusive of processes and technology) where the organization determines and documents its current and future needs. These needs form the base criteria upon which a business software application is selected and designed.
California Consumer Privacy Act
Since 2018 a privacy law that gives consumers in California certain rights and protections regarding their personal information and imposes obligations on businesses in terms of data collection, usage, and disclosure.
Capital Expenses
Payments by a business to acquire or improve long-term capital assets, like equipment and software licenses. The cost of these capital expenditures is depreciated (“capitalized") over a period of time equal to what is called the "useful life" of that business asset. Capital expenditures are recorded as liabilities on a balance sheet.
Centralized systems
Systems in which control and decision-making authority are concentrated in a central authority or entity.
Change Agent
A person who is responsible for leading an organizational change.
Change Management
A structured approach to changing the mindset and perceptions of individuals, groups and organizations to accept and implement new ideas and processes in an organization.
Chatbot (Chatterbox)
Programming that simulates the conversation or "chatter" of a human being through text or voice interactions. A chatbot uses machine learning and artificial intelligence to become knowledgeable on anticipated questions and answers and then to automate conversations.
