3: Technologies used in Business and Finance Flashcards
(12 cards)
fourth industrial revolution
an industrial revolution powered by digital technology
cloud computing
involves the provision of computing as a consumable service instead of a purchased product
enables system information and software to be accessed by computers remotely as a utility through the internet
big data
used to describe the vast volumes of data which are captured from various sources, such as web browsing and the internet of things that can be analysed to reveal patterns or trends, especially relating to human behaviour or interactions
data analytics
the collection, management and analysis of large data sets with the objectives of discovering useful information that an organisation can use for decision-making
process automation
refers to the ability of systems to perform routine activities (such as the processing of data and assembling electronic components) without the input of a human
artificial intelligence
ability of a computer system to assist a human operator to make business decisions or help solve problems
data visualisation
process of presenting report formats that represent data and information in a pictorial or graphical format that helps the recipient to understand the significance of the content more easily than if presented in a traditional report format
distributed ledger technology
a technology that allows organisations and individuals who are unconnected to share an agreed record of events, such as ownership of an asset
blockchain
a form of a distributed ledger system
internet of things
consists of computing devices, objects and mechanical and digital machines which can transfer data over the internet without requiring human-to-human or human-to-computer interaction
mobile technology
infrastructure that supports cellular communications
3D printing / additive manufacturing
a computer-controlled process in which material (such as liquid or powder) is joined, fused together and solidified to create solid objects
