BMIn

BMIn is an acronym that appears across a range of disciplines, and there is no single definition widely accepted as canonical. Its meaning is typically inferred from context, including the surrounding field, publication venue, and the full phrase introduced by the authors.

In business studies, BMIn is sometimes used as a shorthand for Business Model Innovation, referring to the process of redesigning a company’s value proposition, value chain, and revenue model to create new sources of value. In statistics and machine learning, BMIn can stand for Bayesian Model Inference, a framework for updating beliefs about a model and its parameters in light of data via Bayes’ rule or related methods. In software engineering, BMIn has occasionally appeared as a label for modules that integrate business logic with information systems, though this usage is less standardized.

Because BMIn lacks a canonical meaning, readers should consult the specific definition provided in each work. Disambiguation is achieved by looking at capitalization, accompanying terms, and the domain. If a source uses BMIn as an acronym, it is common for the authors to spell out the phrase on first use (e.g., “Business Model Innovation (BMIn)”), followed by subsequent references.

See also: BMI, Bayesian inference, Business model, Model inference.