crn5000-inc2015 BPTW logo
Contact us today!
(918) 770-8738
 
 

Integrated Business Technologies Blog

Integrated Business Technologies has been serving the Broken Arrow area since 2007, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Tip of the Week: 11 Technology Buzzwords Every SMB Should Know

Have you ever felt like talking to someone in the technology industry was like speaking with someone who spoke a different language? You’re not alone. It’s no secret that the IT industry loves their jargon - and has dozens of buzzwords at any given time. These are a few such words that have the industry buzzing right now!

  1. ________ as a Service (XaaS): Between the advances in cloud computing technology and the rapid development and improvement of technology, many businesses have made the jump from traditional hardware or software on premise toward a virtual, cloud-based environment. XaaS is scalable and easy to upgrade. The host generally performs maintenance and security updates and gives users limited control over options and settings. For example, rather than have a physical server (or servers), companies can pay to have a virtual server, usually for a monthly fee. These virtual machines perform the same functions as physical ones without the purchase of hardware or software.
  2. Actionable Analytics: With the vast amount of daily operations being carried out using some type of digital technology, businesses are able to pull much more data and analytics than ever before. This mountain of data, however, is not all useful. In terms of putting data to use to improve business operations and procedures, only a small percentage of the data available holds value. This portion of data and metrics that can be used to improve business functions is known as actionable analytics.
  3. Artificial Intelligence (AI): Moving away from the typical definition of artificial intelligence, or AI, that's associated with movies like ‘The Matrix’ or ‘Terminator’, the use of AI has seen a resurgence over the past several months. Based much more in reality, today’s use is likely to refer to computers that are able to process data from a multitude of sources and make inferences. These advanced machines are capable of speech recognition, learning, planning, and problem solving. (see: Machine Learning)
  4. Blockchain Technology: While the nuances and details of blockchain technology are a bit more complicated, the basic concept is pretty simple… and ingenious. Think of it as a Microsoft Word 365 or Google Document, where each time a file or record in a database is changed in any way, those individual changes to them are recorded and encrypted, as well as, noted in a secure log that can’t be changed or edited. Originally intended for facilitating cryptocurrency transactions, blockchain has the potential to be very useful for things like electronic medical records and legal agreements.
  5. Chatbot: Having revolutionized the way the world communicates, chatbots are a computer program that will convert a conversation, either speaking or typing, in real time. This allows individuals or groups to have conversations with those who speak other languages without speaking a word of that language. For example, chatbots use a database and natural language processing to translate a sentence from American English and translate it to Russian. Chatbots have become more accurate than ever before as the databases expand and machine learning becoming more popular.
  6. Datafication: As mentioned in actionable analytics, businesses are digitizing and producing more data than ever before. Datafication is the process of turning aspects of everyday life into data that can be used - normally for some type of business purpose. For example, many businesses have begun to use social media activity as a way to gauge the personality of potential employees, abandoning traditional personality tests. Datafaction and analysis of potential employees' social media tends to be much more accurate than a standardized personality test.
  7. Decentralized Cryptocurrency: On its face value, the term cryptocurrency sounds foreboding - and its reputation for use with ‘dark web’, underground sales activity doesn’t help. In this case, however, crypto doesn’t refer to something you’d find in a cemetery, but rather currencies that are sent and received through private and encrypted transactions that occur outside of traditional banking. Additionally, cryptocurrencies tend to be virtual assets - meaning there are no physical manifestations of the currency, like a dollar bill or pound note. The most popular decentralized cryptocurrency is BitCoin. 
  8. Gamification: As more of the current workforce grew up in an era when video games were part of everyday life, the more popular this method of motivating and driving productivity becomes. The general premise is applying elements of video games, such as gaining experience points for completing goals, leveling up, learning a skill set, are applied to a professional setting. For example, rather than set normal sales objectives for a team, gamification might count each sale as a certain amount of experience. Once a team member gets a certain amount of experience, they’d level up - earning a reward of some sort.
  9. Machine Learning: One of the most popular things discussed when talking about AI is machine learning. To put it simply, machine learning is the ability for a computer to gather data from different sources, and use algorithms to turn data into reliable predictions. Businesses use machine learning to help them make more accurate predictions about what a customer might be interested in. The more accurate the prediction, the higher the probability of a sale.
  10. Microservices: Rather than purchasing an application or program that has all of their features contained in a single source code, microservice breaks these features down individually. Several microservices can be bundled together to function as a single program but are easily updated and swapped out for an improved version.
  11. Open-Source: The term ‘open source’ generally refers to a program or source code that is free, modifiable, and available for anyone to use when building an application, program or integration. This simple concept is widely used by programmers and analysts. This is important for SMBs looking to have on a custom application built for their business.

Even though you might never actually use one of these words in conversation, technology is important to your SMB - and the more you understand about it, the better. Are there any technology terms or phrases that you’re interested in learning more about? Sound off in the comments below or ask one of our team members directly at: (918) 770-8738.

 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Wednesday, 19 September 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Sign Up for Our Newsletter

  • First Name *
  • Last Name *

      Free Consultation

      Sign up today for a
      FREE Network Consultation

      How secure is your IT infrastructure?
      Let us evaluate it for free!

      Sign up Now!

      freeconsultation
       

      Tag Cloud

      Security Technology Tip of the Week Privacy Managed Service Provider Business Management Internet Cloud Microsoft Best Practices Business Computing Saving Money Productivity Workplace Tips IT Services Hosted Solutions Hackers Backup Email Malware Software Business Mobile Devices Data IT Support Network Hardware Small Business Communication Server Smartphones VoIP Computer Upgrade Business Continuity Google Windows Mobile Device Management Efficiency Microsoft Office Disaster Recovery Innovation Virtualization Miscellaneous Mobile Office Vendor Management Tech Term Holiday Gadgets Social Media Passwords Outsourced IT BYOD User Tips Data Backup Quick Tips Mobile Computing Network Security Android Smartphone Windows 10 Browser Internet of Things Managed IT services WiFi Bring Your Own Device Remote Monitoring The Internet of Things Best Practice Ransomware Spam Wireless Technology Data Recovery Alert Data Management Save Money Trending Operating System Apple Users Remote Computing Going Green Firewall Content Filtering Artificial Intelligence History Gmail Unified Threat Management Managed IT Router Big Data Printer Tech Support Office Analytics IT Solutions Lithium-ion Battery Facebook Current Events IT Consultant Information Technology Encryption Cloud Computing App Customer Relationship Management Employer-Employee Relationship Windows 8 Productivity Applications Website IT Support Humor Collaboration Two-factor Authentication Saving Time Avoiding Downtime Antivirus Document Management Maintenance Hard Drives Paperless Office Marketing Customer Service Excel Hacking Computers Managed IT Services Phone System Apps Compliance Automation Application Cybersecurity Virus Office Tips Retail Phishing Bandwidth Fax Server IT service Digital Payment Mobile Device Outlook Chrome Health Business Growth VPN Wi-Fi Risk Management Unified Communications Infrastructure Tablet Office 365 iPhone Password Inbound Marketing Managed Service Administration Government Presentation Augmented Reality Budget Project Management Computer Repair Proactive IT Training Point of Sale Regulations Recovery Mouse Money Social User Error Net Neutrality Running Cable Licensing Data Security Co-Managed IT File Sharing PowerPoint Social Networking Hiring/Firing Printing Display Alerts Healthcare End of Support LiFi Computing Statistics Scam Intranet Business Intelligence Competition Network Congestion Vulnerability Information Recycling Downtime Data loss Blockchain eWaste HIPAA BDR Search Virtual Desktop USB Piracy Redundancy Business Owner Sports Files Hacker Programming Internet Exlporer User Storage Mobility Smart Technology Company Culture Analyitcs Twitter Education Mobile Security Help Desk IoT Safety Specifications IBM Settings Flexibility Hosted Solution Cost Management Wireless Data storage Save Time Tip of the week Cybercrime Wearable Technology Robot Entrepreneur High-Speed Internet Adminstration Server Management Computing Infrastructure Halloween Techology Mobile Device Managment Legislation Undo OneNote 3D PC Care Value People Dark Web 5G PDF Development eBay Cooperation Scary Stories Virtual Reality Disaster Resistance Leadership Employee-Employer Relationship Remote Support Motherboard Streaming Media Hard Drive New Additions Data Warehousing Monitors Skype Deep Learning Print Server Cables Text Messaging Patch Management Staff SaaS IT Consulting G Suite Software as a Service Domains Google Wallet Remote Workers Work Station Modem Cache Scheduling Congratulations Microsoft Excel Fun Writing LinkedIn Word Law Firm IT Wires Video Surveillance Operations Chromebook Data Breach Travel Technology Tips Public Speaking Drones Windows 8.1 Update Cookies Management Cortana Social Engineering Best Available Buisness Identities Virtual Private Network Technology Laws Comparison Backups Monitoring Nanotechnology Enterprise Resource Planning How To Permissions Knowledge Environment CIO Solid State Drive Bluetooth MSP IT Technicians Telephony Unified Threat Management Identity Theft Black Friday Legal Online Currency Consulting Samsung Screen Reader Debate Mobile Assessment Fraud Experience Troubleshooting Heating/Cooling Alt Codes Proactive Computer Accessories Mirgation Access Control Macro Cyber Monday Consumers Managed Services Provider Crowdfunding Smart Tech Managing Stress IT Management YouTube Typing Remote Monitoring and Management Business Technology Machine Learning SharePoint Connectivity IP Address Google Drive Enterprise Content Management Network Management How To Downloads Refrigeration Cryptocurrency Disaster WPA3 Gaming Console Touchscreen Networking Migration E-Commerce Private Cloud Distributed Denial of Service Google Docs Vulnerabilities Windows 10 Hotspot Public Cloud Multi-Factor Security Bitcoin Digital Signature Fleet Tracking Chatbots Features Star Wars Software Tips Managed IT Service Memory communications Geography Language Laptop Sync Google Calendar Hacks Asset Tracking Identity Electronic Health Records Utility Computing Break Fix Documents Conferencing

      Top Blog

      Basically, any machine that uses fans and vents to cool itself can overheat if airflow is restricted. If you have used a laptop on your lap for an extended session, then you know what we are talking about when the computer becomes hot to the touch. Every portable device is designed a little diffe...
      QR-Code