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A risk map, also known as a risk heat map, is a data visualization tool for communicating specific risks an organization faces. A risk map helps companies identify and prioritize the risks associated with their business. The goal of a risk map is to improve an organization’s understanding of its risk profile and appetite, clarify thinking on the nature and

The Sarbanes–Oxley Act of 2002 (Pub.L. 107–204, 116 Stat. 745, enacted July 30, 2002), also known as the “Public Company Accounting Reform and Investor Protection Act” (in the Senate) and “Corporate and Auditing Accountability, Responsibility, and Transparency Act” (in the House) and more commonly called Sarbanes–Oxley, Sarbox or SOX, is a United States federal law that set new or expanded requirements for all U.S. public company boards, management and public

The Open Web Application Security Project (OWASP), an online community, produces freely-available articles, methodologies, documentation, tools, and technologies in the field of web application security. OWASP seeks to educate developers, designers, architects and business owners about the risks associated with the most common Web application security vulnerabilities. OWASP, which supports both open source and commercial

Omnichannel (also spelled omni-channel) is a multichannel approach to sales that seeks to provide the customer with a seamless shopping experience whether the customer is shopping online from a desktop or mobile device, by telephone or in a bricks and mortar store. What distinguishes the omnichannel customer experience from the multichannel customer experience is that

Bricks and mortar refers to businesses that have physical (rather than virtual or online) presences – in other words, stores (built of physical material such as bricks and mortar) that you can drive to and enter physically to see, touch, and purchase merchandise. This term is used as the basis for the term clicks and

Cyber Monday is a marketing event created to promote online sales. The day falls on the Monday after Black Friday, a large annual in-person shopping event that directly follows American Thanksgiving Day. Why is it called Black Friday? “Black Friday” got its name from the Philadelphia police force. Back in the middle of the 20th

A lifestyle center is a shopping center, or mixed-use commercial development that combines retail with other services, such as restaurants, movie theaters, apartment complexes, medical services, and more. Lifestyle centers are the answer to consumers’ increasingly discriminating and selective stance toward traditional retail in the age of the customer. Automation technologies help centralize information in

The Amazon effect is the ongoing evolution and disruption of the retail market, both online and in physical outlets, resulting from increased e-commerce. The name is an acknowledgement of Amazon’s early and continuing domination in online sales, which has driven much of the disruption. The major manifestation of the Amazon effect is the ongoing consumer

Retail apocalypse is a controversial term used by the media to describe the ways a shift in consumer spending patterns may be impacting the traditional brick-and-mortar retail store business model. The number of struggling and bankrupt retailers in the United States alone that have been affected by these changes, including Toys R Us, Macy’s and Sears,

Hybrid cloud storage is an approach to managing storage that uses both local and off-site resources. Hybrid cloud storage is often used to supplement internal storage with public cloud storage. Policy engines keep frequently used data on-site while simultaneously moving inactive data to the cloud in a transparent manner. Ideally, a hybrid cloud implementation behaves as

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