Definition: The term “fintech” refers to a new financial industry that uses technology to improve financial activities. Fintech refers to new applications, processes, products, or business models in the financial services industry that are made up of one or more complementary financial services and are delivered as an end-to-end process over the Internet. How financial technology works: Artificial intelligence (AI), big data, robotic process automation (RPA), and blockchain are among the technologies used by fintech firms. AI algorithms can provide information about customer spending habits,Continue reading “Financial technology (fin tech)”

Definition: 5G is the fifth generation of mobile networks, following on from previous generations; 2G, 3G and 4G. 5G networks are expected to provide much faster connection speeds than previous networks. Furthermore, be more dependable with shorter response times and greater capacity. As an enabler of Industry, it is dubbed “the network of networks” because of its ability to unite many existing standards and cross different technologies and industries. How it works / uses: 5G uses higher radio frequencies that are less crowded. This enablesContinue reading “5G technology”

Definition: Big data analytics is the often complex process of examining big data in order to uncover information – such as hidden patterns, correlations, market trends, and customer preferences – that can assist organizations in making informed business decisions. Data analytics technologies and techniques, on a broad scale, enable organizations to analyze data sets and gather new information. Queries in business intelligence (BI) provide answers to fundamental questions about business operations and performance. Big data analytics is a type of advanced analytics that involves complexContinue reading “Big data analysis”

Definition: Digital health is a discipline that includes digital care programs and technologies with health, healthcare, living, and society to improve healthcare delivery efficiency and make medicine more personalized and precise. It makes use of information and communication technologies to improve understanding of health problems and challenges faced by people receiving medical treatment as well as social prescribing in more personalized and precise ways. Telemedicine, wearable devices, augmented reality, and virtual reality are examples of digital health technologies that include both hardware and software solutionsContinue reading “Digital health technology”

Definition:A smart home technology is a home setup in which appliances and devices can be automatically controlled remotely from anywhere with an internet connection using a mobile or other networked device. A smart home’s devices are linked together via the internet, allowing the user to control functions such as home security, lighting, and entertainment from afar. How smart technology work / users:  Everything in your home is controlled by a single Home Automation system called Central Control. It lets you to operate your lights, thermostat,Continue reading “Smart home technology”

The rudiments of what constitutes a smart city which we define as a city in which ICT is merged with traditional infrastructures, coordinated and integrated using new digital technologies.The success of these cities lies in the application of cutting-edge technologies such as the Internet of Things (IoT), Artificial Intelligence (AI) or Big Data to the city’s systems and assets to make them more sustainable, connected and optimized. How a Smart City works A Smart City has its main driver in the use of innovation andContinue reading “Smart cities”