Glossary

Technical terms explained

MVP (Minimum Viable Product)

A minimum viable product is the simplest version of a product that can be released to validate a...

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SaaS (Software as a Service)

Software as a Service is a software distribution model where applications are hosted in the cloud...

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API (Application Programming Interface)

An Application Programming Interface is a set of protocols and tools that allows different softwa...

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HIPAA (Health Insurance Portability and Accountability Act)

HIPAA is a US federal law that sets standards for protecting sensitive patient health information...

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PCI-DSS (Payment Card Industry Data Security Standard)

PCI-DSS is a set of security standards designed to ensure that all companies that accept, process...

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SOC 2 (Service Organization Control 2)

SOC 2 is an auditing procedure that ensures service providers securely manage data to protect the...

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Multi-tenancy

Multi-tenancy is a software architecture where a single instance of an application serves multipl...

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CRUD (Create, Read, Update, Delete)

CRUD represents the four basic operations that can be performed on data in a database or applicat...

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REST API

REST (Representational State Transfer) API is an architectural style for designing networked appl...

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GraphQL

GraphQL is a query language for APIs that allows clients to request exactly the data they need. U...

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Webhook

A webhook is a way for an application to provide real-time information to other applications. Whe...

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OAuth

OAuth is an open standard for access delegation, commonly used to grant websites or applications...

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SSO (Single Sign-On)

Single Sign-On is an authentication scheme that allows users to log in with a single ID to multip...

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SAML (Security Assertion Markup Language)

SAML is an XML-based standard for exchanging authentication and authorization data between partie...

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CI/CD (Continuous Integration/Continuous Deployment)

CI/CD is a method of frequently delivering apps to customers by introducing automation into the s...

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Microservices

Microservices is an architectural approach where an application is built as a collection of small...

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Serverless

Serverless computing is a cloud execution model where the cloud provider dynamically manages the...

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Docker

Docker is a platform for developing, shipping, and running applications in containers. Containers...

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Kubernetes

Kubernetes (K8s) is an open-source container orchestration platform that automates the deployment...

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Agile

Agile is a project management and software development approach that emphasizes iterative develop...

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Scrum

Scrum is an agile framework for managing and completing complex projects. It uses fixed-length it...

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Product-Market Fit

Product-market fit is the degree to which a product satisfies strong market demand. It's achieved...

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ARR (Annual Recurring Revenue)

Annual Recurring Revenue is the value of recurring revenue normalized to a one-year period. It's...

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MRR (Monthly Recurring Revenue)

Monthly Recurring Revenue is the predictable revenue a business can expect every month from activ...

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Churn Rate

Churn rate is the percentage of customers who stop using a product or service during a given time...

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LTV (Lifetime Value)

Customer Lifetime Value is the total revenue a business can expect from a single customer account...

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CAC (Customer Acquisition Cost)

Customer Acquisition Cost is the total cost of acquiring a new customer, including marketing, sal...

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NPS (Net Promoter Score)

Net Promoter Score is a customer loyalty metric that measures how likely customers are to recomme...

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FHIR (Fast Healthcare Interoperability Resources)

FHIR is a standard for exchanging healthcare information electronically. It defines how healthcar...

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EHR (Electronic Health Record)

An Electronic Health Record is a digital version of a patient's medical history maintained by hea...

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PHI (Protected Health Information)

Protected Health Information is any health information that can be linked to a specific individua...

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KYC (Know Your Customer)

Know Your Customer is the process of verifying the identity of customers before or during busines...

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AML (Anti-Money Laundering)

Anti-Money Laundering refers to laws, regulations, and procedures designed to prevent criminals f...

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BAA (Business Associate Agreement)

A Business Associate Agreement is a contract required by HIPAA between a covered entity and a bus...

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RAG (Retrieval-Augmented Generation)

Retrieval-Augmented Generation is an AI technique that combines information retrieval with text g...

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LLM (Large Language Model)

A Large Language Model is an AI model trained on vast amounts of text data to understand and gene...

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Embeddings

Embeddings are numerical representations of data (text, images, etc.) in a high-dimensional vecto...

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Tokenization

In payments, tokenization replaces sensitive data (like credit card numbers) with non-sensitive p...

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2FA (Two-Factor Authentication)

Two-Factor Authentication is a security process requiring two different forms of identification t...

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Encryption

Encryption is the process of converting data into a coded format that can only be read by someone...

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GDPR (General Data Protection Regulation)

GDPR is a European Union regulation on data protection and privacy. It gives individuals control...

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CCPA (California Consumer Privacy Act)

CCPA is a California state law that gives consumers rights over their personal information collec...

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FERPA (Family Educational Rights and Privacy Act)

FERPA is a US federal law that protects the privacy of student education records. It gives parent...

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COPPA (Children's Online Privacy Protection Act)

COPPA is a US federal law that imposes requirements on websites and online services directed at c...

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B2B (Business-to-Business)

B2B refers to commerce between businesses, as opposed to between a business and individual consum...

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B2C (Business-to-Consumer)

B2C refers to commerce between businesses and individual consumers. B2C companies sell products o...

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PLG (Product-Led Growth)

Product-Led Growth is a business strategy where the product itself drives customer acquisition, c...

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