Efficiency

Efficiency - Concerns the provision of information through the optimal (most productive and economical) use of resources. (COBIT definition)

Source: The Data Governance Institute, 01 December 2009 15:21:37, http://www.datagovernance.com/glossary-governance/

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Efficiency - The ratio of the output to the total input in a process.

[Category=Quality ]

Source: American Society for Quality, 20 September 2010 08:12:57, http://www.asq.org/glossary/

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Efficiency - The creation of the biggest possible profit with the smallest possible costs

[Category=Data Warehousing ]

Source: Aexis Business Intelligence, 01 December 2010 11:12:55, http://www.aexis.eu/DataWarehouse-Glossary/

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Efficiency - A term denoting to the relationship between outputs and inputs. It requires generating higher outputs as related to inputs. It means enhancing productivity, i.e less rework, less errors and optimal use of resources.

A term indicating the optimization of productivity (measured outputs over measured inputs)typically stated on a 0-100% scale. To improve efficiency, the productivity ratio must be improved (the input to output ratio must be decreased). See definition of productivity.

[Category=Data Quality ]

Source: iSixSigma, 19 January 2011 08:49:31, https:web.archive.org/web/20111109014246/http:www.isixsigma.com/index.php?option=com_glossary

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Efficiency - Efficiency is a relationship between results achieved (outputs) and resources used (inputs). Efficiency can be enhanced by achieving more with the same or fewer resources. The efficiency of a process or system can be enhanced by achieving more or getting better results (outputs) with the same or fewer resources (inputs).

[Category=Quality ]

Source: Praxium Research Group Ltd, 09 March 2011 08:04:17, http://www.praxiom.com/iso-definition.htm