The IT Terminologies and What They Means
The IT Terminologies and What They Means

 

For anyone who has an interest in becoming an IT personnel, college students, tertiary student, etc. it is necessary you study all the IT jargon and know what each word means. In the post, we have outlined some of these IT Terminologies that are widely used on a daily base. These terms we hear them every day esp. on the radio, TV and even through our relatives, friends or colleagues. For example, do you know what bitcoin means? What about crowdfunding and so on.

Here is the list of few IT Terminologies you will come across

  • BITCOIN

A new form of independent currency that is held completely virtually

 

  • CROWDFUNDING

Projects that are funded by the public. Examples of this are; Kickstarter gofundme, & indiegogo.

The IT Terminologies and What They Means

  • FINTECH (Financial Technology)

The industry applying technology to financial service

 

  • DATA

Information used to analyze or evaluate a possible outcome or trend

 

  • ANALYTICS

A tool used to measure patterns or trends in data

  • BIG DATA

An enormous supply of data, and often the analysis of such data

 

  • BLOCKCHAIN

A record of all public bitcoin transactions updated in a period of time

  • DATABASE

A program that allows you to organize your information in an efficient manner on one platform

 

  • CRYPTOCURRENCY

A virtual currency that is thoroughly protected from hackers

 

  • APIs (Application Programming Interface)

Software that allows two different sources to communicate with each other instantly eg Facebook’s API, Mtn API etc.

  • BENCHMARK

A point at which activity and performance are measured and compared

 

  • CLOUD

Self-learning computer systems that attempt to mimic human thinking using data mining, pattern recognition, and natural language processing

 

  • HACKATHON

An event for developers that consists of uninterrupted coding. Where winners are usually determined by a panel, the public or their peers

 

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  • INTERNET OF THINGS

Internet of Things(IoT) one of our favorite IT Terminologies.  this is simply a proposed development of the internet in which everyday objects have network connectivity, allowing them to send and receive data

 

  • INCUBATOR

Okay, we know what you’re thinking. Well, this is not the incubator we know but let’s find out what it means. this is when a firm mentors a business, usually a startup through developmental stages.

 

  • SAAS (Software As A Service)

On-demand delivery of software to a user

  • SOCIAL MEDIA

This is the easy one and we believe you might have come across it many times. It is an online website or mobile applications that allow users to interact with one another through digital networking

 

  • IT MANAGEMENT

This is when a firm manages another firm’s information technology resources.

 

  • STARTUP

A newly established firm, usually under 50 employees that have not yet achieved massive market share or growth

  • PAYMENT GATEWAY

A service provider that facilitates credit card transactions for online businesses

  • DIGITAL NATIVE

Young people who have grown up with the availability and use of digital technology.

 

these are the few IT Terminologies we can highlight for you today. We hope you learned something while reading this post

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