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ITIL, SOA, BI, MDM, CMDB, BPM - Hot Acronyms Compared
Jason Hiner posted Seven Hot Acronyms that you need to know, to keep up with the trends in IT Management. I decided to compare ITIL, SOA, MDM, BI, CMDB, BPM, the hot acronyms in IT management according to Jason, to see what was popular in the job market and the median salaries for these skills. (I have not used TCO - total cost of ownership in the comparison) For those who are clueless as to what these are, ITIL stands for IT Infrastructure library, a set of concepts and techniques to manage IT.. (wiki) SOA - Service Oriented Architecture, a way to modularize so that components become plug and play MDM - Master Data Management, processes to aggregate unique information about customers, products, vendors, employees etc. BI - Business Intelligence, collection and analysis of business information to support better decision making CMDB - Configuration Management Database, a repository of information about the entire IT infrastructure BPM - Business Process Management, manage business processes through technology to make it more efficient Wow! Don't we love our acronyms/abbreviations. Now continuing to find out what is in most demand and what pays the most. For the attention deficits, I will publish the result first and then the analysis. The most popular acronym is BI - Business Intelligence which averages about 7500 jobs a month. The Acronym that pays the most is CMDB - Configuration Management Database with a median salary of $91.08K.
My advice to current and future IT managers: Learn or at the very least familiarize yourself with SOA. SOA not only shows strong demand in the job market but also pays pretty well.
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