Key Technologies Driving Business and Finance

A collection of vocabulary flashcards based on key technologies mentioned in the lecture about their impact on business and finance.

Cloud Computing

The practice of using a network of remote servers hosted on the internet for storing, managing, and processing data.

Mobile Technology

Technology that allows individuals to access systems and data anytime and anywhere using internet-enabled devices.

Internet of Things (IoT)

The interconnection of everyday physical objects to the internet, allowing them to send and receive data.

Process Automation

The use of technology to perform tasks without human intervention, often involving software that automates business processes.

Robotics

The design, manufacture, and operation of robots that can perform tasks and interact with the environment.

3-D Printing

A process of creating three-dimensional objects by building them layer by layer from digital files.

Autonomous Vehicles

Self-driving cars or drones that can operate without human control, using advanced technology to navigate.

Artificial Intelligence (AI)

The simulation of human intelligence by computers to perform tasks that typically require human cognitive functions.

Generative AI

A branch of AI that creates new content by learning from existing data patterns, such as text, images, and audio.

Big Data

Large and complex data sets that require advanced tools to manage and analyze for insights.

Data Analytics

The process of examining large datasets to uncover hidden patterns, correlations, and insights.

Data Visualisation

The graphical representation of data to help convey complex information in an easily understandable format.

Blockchain

A digital ledger technology that records transactions across multiple computers securely.

FinTech

The application of technology to improve and automate financial services.

Biometrics

The measurement and analysis of unique physical or behavioral characteristics for identification.

Wearable Technology

Electronic devices that can be worn on the body, offering computing tasks and health tracking.

Virtual Reality (VR)

A three-dimensional, computer-generated environment that users can interact with using specialized equipment.

Augmented Reality (AR)

Technology that overlays digital information onto the real world, enhancing the user's perception of reality.

The Fourth Industrial Revolution

A technological revolution characterized by the merger of physical, digital, and biological technologies.