BYOD

Bring your own device

Bring your own device (BYOD)---also called bring your own technology (BYOT), bring your own phone (BYOP), and bring your own personal computer (BYOPC)---refers to the policy of permitting employees to bring personally owned devices (laptops, tablets, and smart phones) to their workplace, and to use those devices to access privileged company information and applications. The phenomenon is commonly referred to as IT consumerization.

BYOD is making significant inroads in the business world, with about 75% of employees in high growth markets such as Brazil and Russia and 44% in developed markets already using their own technology at work. Surveys have indicated that businesses are unable to stop employees from bringing personal devices into the workplace. Research is divided on benefits. One survey shows around 95% of employees stating they use at least one personal device for work. a food manufacturer employing an accountancy firm to audit their finances).\ A business re-sells goods and services produced by others (e.g. a retailer buying the end product from the food manufacturer).\ B2B is often contrasted with business-to-consumer (B2C). In B2B commerce, it is often the case that the parties to the relationship have comparable negotiating power, and even when they do not, each party typically involves professional staff and legal counsel in the negotiation of terms, whereas B2C is shaped to a far greater degree by economic implications of information asymmetry. However, within a B2B context, large companies may have many commercial, resource and information advantages over smaller businesses.