The Internet of Things is made up of devices – from simple sensors to smartphones and wearables – connected together, IoT offers us opportunity to be more efficient in how we do things, saving us time, money and often emissions in the process. Connected machines and objects in factories offer the potential for a ‘fourth industrial revolution’.
Cloud computing is the delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the Internet (“the cloud”) to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping you lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.
Mobile payments are regulated transactions that take place digitally through your mobile device. In stores, mobile payments are enabled by a technology called NFC, which stands for “near field communication.” Mobile payments are secure, fast, and convenient. Because of their enhanced security features and convenience, mobile payment adoption will continue to increase.
Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way and ensure that transactions can never be altered. While Bitcoin and other cryptocurrencies are the most popular examples of blockchain usage, this “distributed ledger technology” (DLT) is finding a broad range of uses. Data storage, financial transactions, real estate, asset management and many more uses are being explored.
Big data is data that contains greater variety arriving in increasing volumes and with ever-higher velocity. Big data is larger, more complex data sets, especially from new data sources. These data sets are so voluminous that traditional data processing software just can’t manage them. But these massive volumes of data can be used to address business problems you wouldn’t have been able to tackle before.
Artificial Intelligence (AI) is wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence. AI is an interdisciplinary science with multiple approaches, but advancements in machine learning and deep learning are creating a paradigm shift in virtually every sector of the tech industry.