Benchmarking

Definition & Meaning

Last updated 23 month ago

What is Benchmarking?

Benchmarking refers to checking out a products or services against a reference point to quantify how tons better or worse it's far in comparison to different products. Benchmarking is the standard way of comparing one product to every other. With generation specifically, benchmarking in opposition to competing products is frequently the simplest way to get an Objective measure of Great. This is due to the fact many tech products increase rapidly in measures along with speed and garage size when compared to the preceding Model from the same agency, making comparisons between the versions defiNitely useless.

What Does Benchmarking Mean?

For Instance, the skills of a Computer can be benchmarked by means of walking a standardized torture check. In a broader sense, a enterprise may be benchmarked towards all other companies in its industry for a specific standards like product guide.

Benchmarking has numerous nuances in IT:

  • Benchmarking Hardware approach that it's miles tested in opposition to different hardware doing the same challenge to see whether it's miles quicker or slower.
  • Benchmarking an application normally way measuring the quantity of capabilities and their fine compared to similar programs.
  • Benchmarking in improvement Method setting timelines and milestones via which the undertaking’s progress can be tracked.
  • Benchmarking Software Program is Software program that facilitates degree the perFormance of hardware or software.

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