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IT Application Portfolio Management (APM) is a practice that has emerged in mid to large-size information technology (IT) organizations since the mid-1990s. [1] Application Portfolio Management attempts to use the lessons of financial portfolio management to justify and measure the financial benefits of each application in comparison to the costs of the application's maintenance and operations.
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Electronic know your customer (eKYC) involves the use of internet or digital means of identity verification. [7] This may involve checking information provided is valid by using systems to validate ID and proof of address documents or by checking information against government databases such as the official passport database of a country. [8]
A business process modeling of a process with a normal flow with the Business Process Model and Notation. Business process modeling (BPM) is the action of capturing and representing processes of an enterprise (i.e. modeling them), so that the current business processes may be analyzed, applied securely and consistently, improved, and automated.
Systems modeling or system modeling is the interdisciplinary study of the use of models to conceptualize and construct systems in business and IT development. [ 2 ] A common type of systems modeling is function modeling , with specific techniques such as the Functional Flow Block Diagram and IDEF0 .
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Systems, functionality, concepts and structure of information systems remain stable over many years. This knowledge is rarely used. It is important that, while maintaining and enhancing systems, there is a clear view needed what the demands are in the future, and based on that, what and how the future of these applications should look like.
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