Domain is nothing but the subject area in which you project belongs to. It may be banking, finance, sales, health, media, telecom, Insurance, Medical, Advertising, Travel, etc.
This is important for a tester because one should know what are the user requirements say in banking, working procedures, commerce background, exposure to brokerage etc and should test application accordingly, then only you can say that your testing is enough because then you have covered scenarios from user perspective.
BFSI stands for Banking, Financial Services and Insurance. The term BFSI is used very commonly by IT/ITES/BPO Organizations which refers to the services provided by these companies in these domains. Banking includes core banking, retail, corporate and cards. Financial Services include stock-broking, Payment gateways, mutual funds etc. Insurance covers both life and non life.
Health care as know in American terms includes several sectors which are very much dedicated to provide services and products in order to improve individual health. This includes health care equipment and pharmaceuticals, services, biotechnology and life sciences. According to United Nations standards, the word health care refers to hospital activities, medical and dental services and other activities related to human health.
Utilities industry incorporates companies which offer services like Electric power, Steam supply, natural gas and sewage removal. Utilities sector is now mainly concentrating on a major change by anticipating a world with a much wider range of technologies and where the shape of the industry changes. Companies are seeking to extend their value chain both upward and downward to secure supply and end-markets. The traditional boundaries that define the utilities industry are becoming blurred as the interdependence of different energy sectors and between utility and technology companies are becoming more critical.
Goods which are bought and sold to the end users is termed as Retail. The scope of Retail in the current market situation is growing high as the organized retail sector has grown from 3% to 25-30% in India. Wal-Mart, Tesco, Germany's Metro AG and many others are the Global retail giants which are ready to enter the retail markets. The main reason for these companies to enter into the retailing business is the increasing demand of branded products and increase in purchasing power has lured these companies.
Buying and selling of goods services on the internet is termed as E-Commerce. Sometimes, the word e-Business and e-Commerce are often used interchangeably.
The main aspects of e-Commerce are:
Online retail selling (e-tailing) on websites with online catalogs Usage of demographic data through web contacts EDI (Electronic Data Interchange), business to business exchange of data Reaching customers through email, social networking and instant messaging Buying and selling through business to business Maintaining security of business transactions
Telecom (Telecommunication) is a term used for the process of exchange and transmission of messages electronically. Telecom sector is growing at a greater speed by doubling its growth every passing year. At present, there are many new developments happening, one of the most interesting development is the ingress to 3G technology. MTNL, BSNL, VSNL are the public players involved in the country along with the private players such as Airtel, Vodafone, Idea , Tata, Reliance entering into foreign markets as well.
Ready to start your tutorial with us? That's great! Send us an email and we will get back to you as soon as possible!