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Yes, it's become a "business term".

I actually don't like "business speak" since I think it generally obscures instead of aids the communication process, but I've mostly resigned myself to having to listen to it whenever I'm in a business meeting or a public forum discussion like this (and sometimes I'm even vaguely horrified to hear it coming from my own lips, although I try to keep it to a minimum).

Here's some more funny examples of this: https://wavelength.asana.com/workstyle-workplace-jargon-cheat-sheet/

as an accountant i hate when laws and regulations are wrapped up in fancy words where in the end even those who wrote it don't know what they were trying to write about. so i do understand your point.
so it is a thing, it just sounds to geeky to me. i don't have that much contact with business english speaking stuff so, you learn new things every day :)

Traditionally business jargon has been taken from sports examples, but with the ever-growing impact of technology on the business world, now we see more business jargon being cribbed from techno-terms (bandwidth, ping, offline, etc).