Today, we will share some understanding about technology industry and what is presently trending, to understand what we all need to catch up with and learn how we can use this new technologies, how they affect us and how easy they make our lives look like, i think they actually help and reduce redundancies, saves time and improve security.
The question that mostly comes to mind is what is financial technology/Fintech?
Financial technology (Fintech) may not have a definite definition but rather a general description as new tech that seeks to improve and automate the delivery and use of financial services in the local/global market.
Fintech at the core of its operation is centralized to help companies (small/big enterprise), business owners and consumers better manage their financial operations, processes, and lives by utilizing specialized software and algorithms and of course on computers and, increasingly, smartphones.
Fintech has finally found it's place in the Banking and financial institutions as a stakeholder into how financial transactions are processed, handled and delivered, end to end.
Crypto-currencies such as bitcoin and others are fintech existing, but still metamorphosing as it continued to get its grip.
Edtech is the practice of introducing IT tools into the classroom to create a more engaging, inclusive and individualized learning experience.
Today’s classrooms have moved beyond the clunky desktop computers that were once the norm and are now tech-infused with tablets, interactive online courses and even robots that can take notes and record lectures for students who are ill.
Healthcare technology, referred to as “healthtech,” is the use of technologies developed for the purpose of improving any and all aspects of the healthcare system.
It is improving the lives of patients by individualizing treatment plans and making hospital processes more efficient.
Accessibility of healthcare to a wider group of people through the insurance technology industry, sometimes called "insurtech." Patient waiting times are declining and hospitals are more efficiently staffed thanks to artificial intelligence and predictive analytics. Even surgical procedures and recovery times are being reduced thanks to ultra-precise robots that assist in surgeries and make some procedures less evasive.
All has continue to revolve around softwares, algorithms and infact in Healthtech Artificial intelligence is not left out, Predictive accuracy in diagnosis is a key success factor in some healthTech, depending on what the focus is.
This industry has been around for some decades now and it gives the opportunity to remotely buy or sell products on online services or over the Internet.
E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
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How well do you think the Fintech will impact the Ecommerce sector, are they really a perfect match? Lets gather here again next time to read how things unfold in the #tech industry.