Or How to Be In When Speaking IT
These days with the electronic speed of business, data, and information coupled with the explosion of Social media and short messaging, we find ourselves living in a world of redefined language and spelling standards.
I for one have embraced this new world of 3LAs and 4LAs (3 & 4 Letters Aconyms) as well as many other modified writing patterns that sometime leave me ROTF (Rolling On The Floor) while LOL (Laughing Out Loud).
IDK (indicate) if you are following me on this so far and most of you may even be wondering WDYMBT (What Do You Mean By That) Mike.
Let me expand further...
If I put this in a purely TEM (Telecom Expense Management) or TM (Telecom Management) perspective, we find the list of acronyms and expressions growing and perhaps causing greater confusion for those of you seeking a solution to take back control of an already confusing web of telecom expenditures, assets, and associations within your organization.
Have no fear!
Here are 5 definitions that often require to be clarified and hopefully will help you find the best possible solution to your telecom control needs.
TEM (Telecom Expense Management): refers to the systems deployed by a business to process, validate, and audit company/employee-initiated telecom expenses. These costs include, but are not limited to, expenses incurred for local usage, long distance, roaming and data. Expense management includes the policies and procedures which govern such spending, as well as the technologies and services utilized to process and analyze the data associated with it.
MDM (Mobile Device Management): Software that secures, monitors, manages and supports mobile devices deployed across mobile operators, service providers and enterprises. MDM functionality typically includes over-the-air distribution of applications, data and configuration settings for all types of mobile devices, including mobile phones, smartphones, tablet computers, ruggedized mobile computers, mobile printers, mobile POS devices, etc. This applies to both company-owned and employee-owned (BYOD) devices across the enterprise or mobile devices owned by consumers
BYOD (Bring Your Own Device): Meaning the policy of permitting employees to bring personally owned mobile devices (laptops, tablets, and smart phones) to their workplace and connect to the corporate network giving the devices access to privileged company information and applications.
ITAM (Information Technology Asset Management):The set of business practices that join financial, contractual and inventory functions to support life cycle management and strategic decision making for the IT environment. Assets include all elements of software and hardware that are found in the business environment.
IT asset management (also called IT inventory management) is an important part of an organization's strategy. It usually involves gathering detailed hardware and software inventory information which is then used to make decisions about hardware and software purchases and redistribution. IT inventory management helps organizations manage their systems more effectively and save time and money by eliminating unnecessary purchases and wasted resources.
M2M (Machine to Machine): Refers to technologies that allow both wireless and wired systems to communicate with other devices of the same type. M2M is a broad term as it does not pinpoint specific wireless or wired networking and communications technology. Key components of an M2M system include sensors, RFID, a Wi-Fi or cellular communications link and autonomic computing software programmed to interpret data and make decisions.
Should you have any additional questions, we will be glad to help guide you through the many stages of Telecom Expense and IT Asset Management. You can either contact us or click below!
- 12 Telecom Acronyms You Need to Know
- EMM vs TEM: Keep Track of These Acronyms
- What is Wireless Expense Management (WEM)?
For all the other acronyms above, Google them… LOL!
Share and let us know your favorite acronyms in the comments below!
TTFN! (Ta Ta For Now)