SOFTWARE DEVELOPMENT
OUTSOURCING GLOSSARY

What is app gamification? App gamification means adding game mechanics and designs to apps that don’t relate to gaming. In the landscape where customer retention becomes a task of creativity, businesses implement gamification to encourage their audience to use the app more consistently. Apps with gamification introduce badges, point systems, and challenges as motivating elements, …

Digital wallet definition A digital wallet is software, usually in the form of a mobile app, that stores bank account information and allows users to pay online or with their phone. Since all the banking data is linked to the app, users don’t have to carry physical credit or debit cards with them. Numerous mobile …

What is a neobank? A neobank is a fintech company that provides banking services exclusively online. While most regular banks have a website or an app, the functionality there is limited, and customers still have to visit a physical branch for less routine operations. Neobanks eradicate this necessity completely. They enable their customers to do …

What is banking analytics? Banking analytics describes the process of collecting information pertaining to the field of finance and analyzing it to obtain insights and actionable recommendations. By distinguishing patterns in up-to-date market trends and customer behaviors, fintech companies and banks can transform their operations and significantly improve their service. Modern-day data analytics in banking …

What is a smart restaurant? A smart restaurant is an eating establishment that leverages modern devices and equipment to streamline its processes and boost customer experiences. It has become more common as the technology in the restaurant industry responded to the challenges of the COVID-19 restaurant shutdowns and social distancing. So, what are smart restaurants? …

What is smart farming? What is smart farming technology? In fact, the smart farming definition might vary depending on the subsection of the tools and devices used in the field. In this glossary section, smart farming is a subsection of agriculture that predominantly uses IoT technology, AI, big data, and automation to assist farmers in …

What is AI voice ordering? AI voice ordering is a procedure of utilizing technologies as voice assistants for restaurants, typically to order meals and/or list certain expectations for the dining out visit. This system usually employs voice technology on the basis of AI to process users’ spoken language and interpret it to boost the restaurant’s …