Acronyms
Sales, Marketing, and Technology Acronyms and Abbreviations. Jump to acronyms beginning with the number or letter:
- Acronyms Beginning With S
SOC
A type of audit framework through reports that assess a service organization’s internal controls. These reports are based on standards the American Institute of Certified Public Accountants (AICPA) developed. Here’s the version history of SOC reports: SAS 70 (before 2011): Statement on Auditing Standards No. 70 (SAS 70) was the original standard for assessing service organizations’ internal controls. It was…
- Acronyms Beginning With S
SoC
An integrated circuit that consolidates all the essential components of a computer or electronic system onto a single chip. This typically includes a central processing unit (CPU), graphics processing unit (GPU), memory controllers, input/output interfaces, and increasingly, specialized processors like Neural Processing Units (NPUs) or Digital Signal Processors (DSPs). Unlike traditional systems that rely on multiple discrete chips for different…
- Acronyms Beginning With S
SocialTV
A concept that refers to the integration of social media and television. It involves using social media platforms and technologies to enhance the TV-watching experience and engage viewers in real-time discussions and interactions related to TV content. Here’s how SocialTV has evolved over the last decade: Real-Time Engagement: Initially, SocialTV used platforms like Twitter to encourage viewers to discuss TV…
- Acronyms Beginning With S
SOCKS
An Internet protocol that facilitates the exchange of network packets between a client and a server through a proxy server. SOCKS5 is the latest version of the SOCKS protocol, which provides enhanced security features and supports various authentication methods. Key aspects of SOCKS5 include: Proxy server: SOCKS5 uses a proxy server as an intermediary between the client and the server,…
- Acronyms Beginning With S
SoMoLo
A marketing strategy referring to the integration of social media, mobile technology, and local targeting to reach consumers more effectively, especially in real-time. Breakdown of SoMoLo: Social: Using social media platforms (e.g., Facebook, Instagram, X) to engage and interact with consumers. Mobile: Targeting consumers through mobile devices like smartphones and tablets, as most users access content and make purchasing decisions…
- Acronyms Beginning With S
SOP
A detailed written document outlining the step-by-step instructions to carry out a specific task or process consistently and standardized. SOPs are commonly used in business environments to ensure employees understand how to perform their duties effectively and consistently, irrespective of personnel changes or individual preferences. SOPs are important to businesses for several reasons: Consistency: SOPs help establish a uniform approach…
- Acronyms Beginning With S
SOPA
A controversial United States bill introduced by U.S. Representative Lamar S. Smith (R-TX) in 2011. The bill aimed to expand U.S. law enforcement’s ability to combat online copyright infringement and counterfeit goods. SOPA proposed allowing the U.S. government and copyright holders extensive powers to take legal action against websites that distribute copyrighted material without permission. This included seeking court orders…
- Acronyms Beginning With S
SOSTAC
A strategic planning framework widely used in sales and marketing to develop comprehensive and effective strategies. It stands for: Situation Analysis: Understanding the current state of the business, market, competitors, and customers. This involves analyzing internal strengths and weaknesses and external opportunities and threats (SWOT). Objectives: Defining clear, measurable goals aligned with the vision. These objectives often follow the SMART…
- Acronyms Beginning With S
SoV
A marketing metric that measures a brand’s presence and visibility within a specific channel or market relative to its competitors. Initially rooted in advertising, where it quantified a brand’s portion of total ad spend in a given market, SoV has evolved to encompass multiple dimensions, including organic search, paid media, social media, public relations, and even influencer marketing. The core…
- Acronyms Beginning With S
SOW
A formal document that outlines the details of a project or service agreement between two parties, typically a client and a vendor or contractor. It is a legally binding agreement that ensures both parties are on the same page regarding the project’s objectives, deliverables, timelines, and payment terms. Here’s a breakdown of what a typical SOW includes: Scope of Work…
