Understanding API API is short for Application Programming Interface. It is a concept that might seem complex, but in essence, represents the communication contract between separate software systems. APIs allow Microsoft Word to interact with your printer, mobile apps to post pictures on your Instagram feed, weather applications to retrieve data from remote servers, and […]
What is KPI
What is KPI? Understanding Key Performance Indicators A Key Performance Indicator, commonly abbreviated as KPI, is a measurable value that indicates how effectively an organization is achieving key business objectives, and are usually selected in order to align with a strategic goal or objective. They are widely used in businesses, organizations and even individuals to […]
What is ERP
Understanding ERP Enterprise Resource Planning (ERP) is a business process management software designed to allow an organization to manage and integrate the important parts of its business. It centralizes business operations into a uniform and enterprise-wide system thus promoting efficiency and productivity. ERP is a powerful tool that can manage and improve multiple business operations […]
What is CRM
Understanding CRM You might have come across the term CRM (Customer Relationship Management) and wondered what exactly it stands for, why businesses need it, and how it’s being used today. It isn’t a mere buzzword but a significant business strategy that can help all sorts of firms streamline their interactions and relationships with customers, leading […]
What is Automation
Understanding Automation Automation, a term you’ve likely come across either in a professional environment or in a casual setting, is an integral aspect of our increasingly tech-driven world. Fundamentally, automation involves the use of technology to perform tasks that were previously done by humans. These activities can range from simple routine tasks to complex industrial […]
What is IoT
Understanding IoT Internet of Things, commonly abbreviated as IoT, has been creating quite a buzz in the tech industry. Its vast capabilities and promising potential make it a game-changing development in the field of technology. But the question that often pops up is: What exactly is IoT? The IoT can be described as a network […]
What is SaaS
Understanding SaaS Software as a Service (SaaS), a commonly known term in the tech industry, is a crucial part of cloud computing alongside Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). Here, we are going to look at what exactly SaaS means and how it is integrated into our daily digital activities […]
What is Payment Gateway
Understanding Payment Gateway Simply put, a payment gateway is a technology used by merchants to accept debit or credit card purchases from customers. The concept, though unseen, powers every e-commerce transaction to ensure that your payment gets to the merchant. More than just an infrastructure, it is a tool that gives businesses a faster, more […]
What is Payments
Understanding Payments In its simplest form, payment is the action of paying or being paid. It is a transfer of value in exchange for goods or services. This transfer of value usually takes the form of money but can take other forms as well. It’s an integral part of any transaction, be it in person […]
What is Fintech
Understanding Fintech Fintech – this buzzword has been making the rounds in businesses, markets, and the tech world at large. But what exactly is Fintech? Is it just a trendy phrase, or is there more to it than meets the eye? Simply put, Fintech is the use of technology to deliver financial services. The word […]