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Guide To Technology Buzzwords

Rapid advancements in every field are giving birth to numerous new technology buzzwords regularly. Basic understanding of these technological terms assists you in keeping abreast with the current changes.

Stay ahead of upcoming trends with this guide on important technology buzzwords:

  • 5G: It is defined as the next generation of cellular network technology and is one of the most trending buzzwords. It offers faster speed & reliable connections on mobile devices and even home networks.
  • 8K: A beginning to new era of picture quality. It refers to TV’s overall resolution of 7,680 x 4,230 pixels and is a step up from the current 4K resolution that will elevate home entertainment experience.
  • Artificial Intelligence (AI): It is a term used to define machines that display human like intelligence by using machine learning to perform tasks such as cooking, driving, etc. They have the ability to make decisions through capturing & analyzing data in their environment.
  • Virtual Reality (VR): A VR encompasses user’s senses to create a digital world through headsets or eyewear. It has become a promising trend in gaming & entertainment industry.
  • Augmented Reality (AR): In this technology, real world objects are superimposed with computer generated images like graphics, sounds and touch feedback.
  • X Reality (XR): It is a cross over between both augmented and virtual reality with widespread applications in architecture, medicine, healthcare etc. It allows content creators to create common content for users of AR & VR headsets.
  • Organic LED (OLED): An organic light-emitting diode emits visible light in response to electric current so that pixels can light-up independently. The result is that OLED screens display pictures that are brighter and have better contrast levels.
  • Wearable: They are smart electronic devices with micro-controllers that can be worn as implants or accessories. It stays on the body to perform a particular task like sensing heart rate or keeping a track of your fitness.
  • Eye-Tracking: It is a sensor based technology that makes possible for a device to know where a person is looking. It basically detects reflections in both the pupils and cornea.
  • Ray-Tracing: It calculates the color of pixels by tracing the path that light would take to create realistic lighting effects. Applications include home computer gaming and developing computer graphics imagery for films and TV shows.
  • Biometric: It measures people’s unique physical and behavioral characteristics. The technology uses an aspect of your body like thumbprint or face to authenticate yourself or for unlocking a personal device.
  • Haptics: Technology of adding sensation of touch and feeling to VR via vibration or by exuding pressure to make virtual objects seem real and tangible.

For more information on latest technology trends and how to incorporate them in your business, contact Centex Technologies at (972) 375 - 9654. We are located in Dallas, Killeen, Atlanta and Austin.

Bursting Myths Surrounding Blockchain

A Blockchain is a transparent and publicly accessible ledger that is shared among a network of computers called Blockchain Network. It contains a growing list of records called blocks that are linked in chronological order to form a chain. The data is secured using public key encryption which resists the modification of information. Thus, data stored in blocks can be viewed or accessed by the users but it can’t be tampered with. This advantage has led to a rapid growth of Blockchain technology.

However, with the growth of Blockchain technology, some myths and disillusions have also developed around it. Following are some common myths surrounding Blockchain technology:

  1. Blockchain Is Same As Bitcoin: Blockchain is the root technology for bitcoin; but they are not interchangeable terms. Blockchain is a technology that allows recording of peer-to-peer transactions on a distributed ledger throughout a network. However, bitcoin is a cryptocurrency. It is used to make direct exchange of currency between two people omitting the involvement of a third party such as a bank.
  1. Cryptocurrency Is The Only Application Of Blockchain: Cryptocurrency is a major application of Blockchain, however the technology has numerous other applications. Some common applications of Blockchain include monitoring supply chains, data sharing, digital ids, copyright & royalty protection, etc.
  1. Information On Blockchain Activity Is Not Public: A prevailing misconception about Blockchain technology is that the information on the ledger is hidden. On the contrary, reality is that the information can be viewed by anyone. Users can connect their computer to the Blockchain network and receive a copy of ledger on their system. This copy is automatically updated whenever a new block is added to it.
  1. Cryptocurrency Transactions Are Anonymous: It is a misconception that crypto transactions are anonymous. In actual, cryptocurrency transactions are recorded in a public ledger and many government agencies tie up with numerous cryptocurrency exchanges to access the ledger & map the address back to the owner.
  1. Blockchain Is Fundamentally A Storage Mechanism: Most users consider Blockchain to be essentially a storage mechanism. Undoubtedly, it offers unparalleled advantages for data storage; however, the technology has other advantages such as facilitating convenient exchanges.
  1. Tokens & Coins Are Same: Tokens and Initial Coin Offerings are two important terms used in Blockchain terminology. They are often confused to be same but there is an inherent difference between these terms. Coins store simple values; whereas, tokens are used for storing complex levels of value such as property, utility, income, etc.

For more information on Blockchain Technology and its applications, contact Centex Technologies at (972) 375 - 9654.

Using Technology Advancements To Increase Customer Engagement

Customers are the most important asset of a business. It is important for businesses to successfully engage their customers in order to survive in this highly competitive environment. One way to do this is by using technology.

Technology has influenced the business sector positively & empowered businesses to serve their customers in a better way. Following are some ways in which technological advancements can be used to increase customer engagement.

  • Virtual Reality & Augmented Reality: VR and AR technology is being used to engage customers innovatively. It improves the customer experience & allows them to perform tasks virtually which may be a little difficult or inconvenient to be performed physically. For example, Room Planner: Design for IKEA, is an app that allows users to browse through their products & preview how the furniture would look in their home by visualizing it from different points using their smartphone’s camera.
  • Location-Based Computing: Smartphones these days are location enabled devices that allow businesses to provide personalized services thus increasing customer engagement. For example, businesses can reach out more customers at a geo-location & target their needs. Cinemas, theaters, florists, salons, etc. target their customers in the vicinity & provide them last minute tickets & discounts using location based computing.
  • 3D Printing: By transforming the way businesses manufacture & distribute goods, the 3D printing technology has significantly affected customer engagement. Using this technology, a virtual design can be instantly transformed into a physical object. Also, any flaws in the manufacturing process can be identified early & fixed to save money and enhance customer experience. 3D printing also enables the customers to modify the shape, color, pattern, material, etc. to get a customized product. Since, they can choose what they need, it results in better customer engagement.
  • Chatbots: Chatbots have become quite popular these days. They offer 24/7 customer support and are faster as well as more efficient. These artificially intelligent assistants have self-learning capabilities and can proficiently engage the customers. Emobots have improved abilities & have entered the business scenario now as they can judge real-time emotional reactions of a customer & provide suitable services accordingly.
  • Artificial Intelligence: AI helps businesses in understanding customer needs & preferences better. For example, businesses can personalize a customer’s shopping experience in real time to increase engagement. Intelligent algorithms enable the websites and apps to target individuals and recommend them products based on their search history.
  • Internet of Things (IoT): Most devices these days are internet-enabled which provide numerous opportunities to increase customer engagement. IoT generates humongous amount of data which can be used by businesses to gain insight about customer behavior for a personalized user experience. For example, this technology enables creation of predictive models that use condition-based monitoring to prevent failures before they occur. Businesses can use this information and provide timely maintenance before the device breakdowns completely.

For more information, contact Centex Technologies at (972) 375 - 9654.