Frequently Asked IT Strategy Consultancy Acronyms What is IT? IT stands for "Information Technology." It is the collective term for computer systems, networking, software, and infrastructure used to create, store, process, and exchange all forms of electronic data. IT is foundational for any modern organisation, enabling everything from basic operations to transformative business strategies. Example: “Our IT strategy must align with the business’s five-year growth plan.” (Category: Strategy & Infrastructure) What is MSP? MSP stands for "Managed Service Provider." An MSP delivers outsourced IT services, including network management, support desk, cloud infrastructure, and security, typically under a service contract. [...]

Decoding Life Sciences IT: Your Go-To Guide for Industry Acronyms and Terms What is GMP? GMP stands for Good Manufacturing Practice. It refers to the systems and regulations that ensure products are consistently produced and controlled in accordance with quality standards. It is crucial in manufacturing and production roles to ensure compliance and maintain high-quality products. Example: "Our manufacturing process strictly follows GMP guidelines to ensure product safety and efficacy." (Category: Quality Assurance in Life Sciences) What is GLP? GLP stands for Good Laboratory Practice. It governs the rules for non-clinical laboratory studies that support research or marketing permits [...]

Frequently Asked Questions: Common Acronyms in IT Managed Services (UK) Staying on top of IT and Managed Services terminology is essential for clear communication between providers, stakeholders, and clients. Below you'll find a collection of frequently encountered acronyms—each explained in context, with practical examples and relevant categories. What does MSP stand for? Managed Service Provider. An MSP delivers outsourced IT support and infrastructure management services to businesses. MSPs proactively monitor, maintain, and optimise IT systems under a recurring service contract—typically defined by Service Level Agreements (SLAs). Example: “Our MSP manages our cloud backups and endpoint security remotely, allowing our in-house [...]