Staying up-to-date with the latest tech-terms can often feel like and uphill battle, with new words, phrases and abbreviations constantly being added to the technological lexicon. We’ve broken down the most popular tech-terms of 2019 to ensure that you’re able use them effectively whether you’re in the boardroom or trying to keep up at a party.
Fintech is an amalgamation of the words ‘Financial’ and ‘Technology.’ The term simply refers to computer programs and other technology that support or enable banking and financial services. If you’ve ever used an app to keep track of the stockmarket, bought Bitcoin or made a payment using your mobile device, you’ve interacted with Fintech.
The term 5G simply refers to the next-generation of wireless technology that has been tasked with handling the internet needs of our mobile devices and home networks. Currently, the technology is still in it’s infancy stage, with only a few localized tests taking place in Johannesburg and Tshwane. Once 5G is released nation-wide, which you can expect to see in 2020, users will be able to enjoy internet speeds of up to 100 gigabits per second. This would make 5G at least 10 times faster than current 4G networks.
According to the U.S Department of Homeland Security, biometrics can be described as “unique physical characteristics that can be used for automated recognition.” For example, when you use your fingerprint to unlock your mobile phone, the device is using your biometric information to authenticated that it’s really you. The technology is mainly used for identification and access control, but in some cases, biometrics can be used for surveillance purposes.
Wearable technology does exactly what the name implies, it encompasses any technology that you’re able to wear. This includes smartwatches, fitness bands, and smart glasses. Wearables are connected to the internet and allow the user to cary out a range of tasks which vary from paying for goods and services, to monitoring and analyzing your heart rate.
Haptic feedback is a term commonly used in the world of gaming. Haptic feedback technology or haptics for short, uses vibration motors and pressure sensors to control and interact with computer applications. Haptics are mainly used in mobile devices and console controllers to emulate the sensation of physically touching something. However, the film ‘Ready Player One’ provided us with a good idea of how an entire haptic feedback suite could be used in conjunction with VR technology to create a truly immersive virtual world.