Fast Five (consulting)
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Fast Five (consulting)
The "Fast Five" were a group of publicly traded Consultant, consulting firms that developed in the mid 1990s to capitalize on the rapid commercial development of the Internet. The term "Fast Five" was coined to draw a contrast with the established Big Eight auditors#Big_5_.281998-2001.29, "Big Five" accounting firms with management consulting arms, and to make the point that the new breed of consulting firms was more nimble and could produce more rapid results. Business performance and rapid growth The firms innovate both technology and methodology, developing new techniques better adapted for Web site design and construction, along with back-end internet infrastructure. For example, Viant created a service model to obtain maximum utilization of the three essential disciplines (creative, business strategists, and technical professionals/software developers). Deliverables move forward based on team consensus, with input from all three disciplines. Prior to the service model, m ...
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Consultant
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting services generally fall under the domain of professional services, as contingent work. A consultant is employed or involved in giving professional advice to the public or to those practicing the profession. Definition and distinction The Harvard Business School provides a more specific definition of a consultant as someone who advises on "how to modify, proceed in, or streamline a given process within a specialized field". In his book, ''The Consulting Bible'', Alan Weiss defines that "When we onsultantswalk away from a client, the client's conditions should be better than it was before we arrived or we've failed." There is no legal protection given to the job title 'consultant'.Consultancy.ukWhat is a consultant? accessed 29 June 2021 S ...
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Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing. The origins of the Internet date back to the development of packet switching and research commissioned by the United States Department of Defense in the 1960s to enable time-sharing of computers. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and military networks in the 1970s to enable resource shari ...
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Big Eight Auditors
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with ''Fortune'' 500 companies. The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies, as well as many audits of private companies, are conducted by these four networks. Until the late 20th century, the mark ...
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Viant
Viant Inc. was a multi-national Internet consulting firm, founded in San Francisco in April 1996, that was one of the first web consulting firms during the early stages of the History of the Internet, Internet era. History The company was founded by Eric Greenberg, Duc Haba, Dwayne Nesmith, and Robbie Vann-Adibé as Silicon Valley Internet Partners (SVIP). It was one of the first consulting firms to attempt to integrate the disparate disciplines of strategy, 'creative' (design), and technology into a single value proposition and project approach. Such blended multi-disciplinary approaches have since become common. With investment from Mohr Davidow Ventures, Trident Capital, and Kleiner, Perkins, Caufield & Byers, SVIP grew rapidly. Robert Gett, from Cambridge Technology Partners, was recruited in mid-1996 in be the CEO. At this point, SVIP corporate functions moved to Boston, Massachusetts. Greenberg left the company in early 1997, and subsequently founded Scient. SVIP changed ...
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Waterfall Model
The waterfall model is a breakdown of project activities into linear sequential phases, meaning they are passed down onto each other, where each phase depends on the deliverables of the previous one and corresponds to a specialization of tasks. The approach is typical for certain areas of engineering design. In software development, it tends to be among the less iterative and flexible approaches, as progress flows in largely one direction ("downwards" like a waterfall) through the phases of conception, initiation, analysis, design, construction, testing, deployment and maintenance. The waterfall development model originated in the manufacturing and construction industries, where the highly structured physical environments meant that design changes became prohibitively expensive much sooner in the development process. When first adopted for software development, there were no recognised alternatives for knowledge-based creative work. History The first known presentation describ ...
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Software Development
Software development is the process of conceiving, specifying, designing, programming, documenting, testing, and bug fixing involved in creating and maintaining applications, frameworks, or other software components. Software development involves writing and maintaining the source code, but in a broader sense, it includes all processes from the conception of the desired software through to the final manifestation of the software, typically in a planned and structured process. Software development also includes research, new development, prototyping, modification, reuse, re-engineering, maintenance, or any other activities that result in software products. Methodologies One system development methodology is not necessarily suitable for use by all projects. Each of the available methodologies are best suited to specific kinds of projects, based on various technical, organizational, project, and team considerations. Software development activities Identification of need The sou ...
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Intranets
An intranet is a computer network for sharing information, easier communication, collaboration tools, operational systems, and other computing services within an organization, usually to the exclusion of access by outsiders. The term is used in contrast to public networks, such as the Internet, but uses the same technology based on the Internet protocol suite. An organization-wide intranet can constitute an important focal point of internal communication and collaboration, and provide a single starting point to access internal and external resources. In its simplest form, an intranet is established with the technologies for local area networks (LANs) and wide area networks (WANs). Many modern intranets have search engines, user profiles, blogs, mobile apps with notifications, and events planning within their infrastructure. An intranet is sometimes contrasted to an extranet. While an intranet is generally restricted to employees of the organization, extranets may also be accessed ...
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Dunbar's Number
Dunbar's number is a suggested cognitive limit to the number of people with whom one can maintain stable social relationships—relationships in which an individual knows who each person is and how each person relates to every other person. This number was first proposed in the 1990s by British anthropologist Robin Dunbar, who found a correlation between primate brain size and average social group size. By using the average human brain size and extrapolating from the results of primates, he proposed that humans can comfortably maintain 150 stable relationships. There is some evidence that brain structure predicts the number of friends one has, though causality remains to be seen. Dunbar explained it informally as "the number of people you would not feel embarrassed about joining uninvited for a drink if you happened to bump into them in a bar." Dunbar theorised that "this limit is a direct function of relative neocortex size, and that this, in turn, limits group size ..the limit ...
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Divine (corporation)
Divine, originally Divine Interventures, was a company that invested in internet companies during the dot-com bubble. The company was originally modeled after CMGI but changed its business plan after the bubble burst. The company's tagline was "an Internet Zaibatsu" and the company's goal was to create "a family of businesses that work collaboratively to create mutual opportunity and gain." In 2003, it filed bankruptcy and underwent liquidation after executives were accused of looting a subsidiary. History The company was founded by Andrew Filipowski in 1999. The company had 38 people on board of directors, including Michael Jordan, and on February 3, 2001, 27 members resigned as the company attempted to streamline its management. In July 2000, as the dot-com bubble burst, the company became a public company via an initial public offering. In February 2001, the company changed its name from Divine Interventures to Divine. In April 2001, the company acquired most of the assets ...
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Scient
Scient was a San Francisco-based Internet consulting company, founded in 1997, that was one of the large American consulting firms during the dot-com bubble. The company was founded by Eric Greenberg, who had previously founded its competitor, Viant. Its CEO was Robert Howe, the former head of IBM global consulting. At its height in the fall of 2000, it had quarterly revenues of US$100 million, 1,180 employees and a stock price of US$133. In August 2001, it bought rival company iXL; by then its quarterly revenues were down to US$11 million. In July 2002, the company filed for bankruptcy and was bought by SBI and Company, which became SBI Group. SBI Group later sold Scient with the other members of Avenue A/Razorfish to a company called aQuantive. aQuantive, in turn, was bought by Microsoft in August 2007 and became Microsoft's newly created Advertiser and Publisher Solutions (APS) Group. On August 9, 2009, Microsoft sold the firm to Publicis Groupe Publicis Groupe is a French ...
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Razorfish (company)
Razorfish, a part of Publicis Groupe, is an interactive agency. Razorfish provides services including web development, media planning and buying, technology and innovation, emerging media, analytics, mobile, advertising, creative, social influence marketing and search. Razorfish had more than 2,000 employees worldwide, with U.S. offices in New York, Chicago, Boston, Seattle, San Francisco, Philadelphia, Portland, Los Angeles, Atlanta, and Austin. In 2005–2007, it expanded overseas through acquisitions in London, Paris, Sydney, Hong Kong, Shanghai, Beijing, Berlin, Frankfurt, Singapore and a joint venture in Tokyo. In 2013, Razorfish launched its operations in India through the acquisition of Neev Technologies. Razorfish Neev was based in Bangalore and provides outsourced product and application development solutions. In October 2016, Razorfish merged with Sapient Corporation's division SapientNitro (a Publicis Groupe sister company) to form SapientRazorfish. In July 2018, Pu ...
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IXL (interactive Agency)
iXL Enterprises was an international interactive agency that operated from 1996 until 2002. The company was founded by Atlanta entrepreneur Bert Ellis, who also served as the company's chairman and CEO. At the company's height in 1999, which coincided with the height of the dot-com boom, iXL had around 1500 employees, a quarterly revenue of $33 million, and was publicly traded on the Nasdaq exchange, with ticker symbol "IIXL". After a series of acquisitions, it is now part of the Razorfish agency, owned by Publicis Groupe. iXL had its headquarters in Atlanta, with additional offices in Berlin, Boston, Charlotte, Chicago, Denver, Hamburg, London, Los Angeles, Madrid, New York City, Richmond, San Diego, San Francisco, São Paulo, Tokyo and Washington, D.C. The company also had smaller "satellite offices" in Amsterdam, Dallas and Memphis, Tennessee. Many of these offices started out as local interactive agencies that were purchased by iXL, such as Micro Interactive, which became th ...
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