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Last seen on: NY Times Crossword 7 Jul 20, Tuesday
Random information on the term “LOB”:
Line of business (LOB) is a general term which refers to a product or a set of related products that serve a particular customer transaction or business need.In some industry sectors, like insurance, “line of business” also has a regulatory and accounting definition to meet a statutory set of insurance policies. It may or may not be a strategically relevant business unit.
“Line of business” often refers to an internal corporate business unit, whereas the term “industry” refers to an external view that includes all competitors competing in a similar market. A line of business will often examine its position within an industry using a Porter five forces analysis (or other industry-analysis method) and other relevant industry information.
In the context of computing, a “line-of-business application” is one of the set of critical computer applications perceived as vital to running an enterprise. For example:
“Governance has become the hot topic in SOA over the past year. As companies’ SOA usage becomes real, widespread and line-of-business, the requirement to ensure that the systems are properly governed has emerged as the number one concern for SOA adopters.”