Financial Technology (Fintech)

• Technology is being used to transform and improve financial processes, an area known as financial technology (Fintech).
• Fintech includes a wide array of digital products/platforms which utilize technologies like blockchain, big data analytics, and AI.
• IT systems create a faster flow of information, enabling every department within a company to link up.
• Online banking and payment systems give users a safe and practical way to make payments, revolutionizing e-commerce and business transactions.
• Peer-to-peer lending platforms bring together borrowers and lenders directly, speeding up the loan process and improving conditions for both parties.
• Decentralized digital currencies and blockchain technology led to the rise of cryptocurrencies and blockchain.
• Crowdfunding platforms enable people to raise money for their initiatives by connecting project developers with potential supporters globally, democratizing access to funding.
• AI and machine learning in finance have revolutionized risk management and customer service through applications like chatbots, virtual assistants, and fraud detection systems.

IT in Medical Science

• Health Information Technology (HIT) involves the application of information processing via computer hardware/software for storage, retrieval, sharing, and use of healthcare information, data, and knowledge in communication and decision making.
• Gustav Wagner established the first professional organization for health informatics in Germany in 1949.
• Health information system lies at the intersection of information science, computer science and healthcare.
• Personal Digital Assistant (PDA) is an electronic handheld organizer used from the 1990s-2000s to store contact information, manage calendars, communicate by email, and handle documents and spreadsheets, for communication with a user's personal computer.
• Augmented Diagnosis is a process in which AR is used to diagnose patient symptoms, medical imaging, and health vitals through 3D modelling and visualization.
• Virtual reality technology enables surgeons to virtually explore a patient's anatomy prior to performing a procedure.
• Human patient simulators are life-like manikins which are designed to physiologically react like real patients.
• Electronic Medical Records (EMR) convert medical information into a single database.
• Computerized Axial Tomography (CAT) or Magnetic Resonance Imaging (MRI) scans create detailed images of organs and changes in body chemistry and blood flow.

IT in Agriculture

• Agriculture is vital for survival of modern man.
• Agricultural produce drives trade, brings income to farmers, utilizes idle land, and provides food.
• Adapting IT can help improve agricultural processes.
• Positive impacts occurred in information sharing allowing the advancement of the agricultural sector.
• Geographic Information System (GIS) helps to determine what and where to plant based on historical data sampling.
• IT helps with creating and controlling drones without pilots for data collection, land surveys, seed planting, pesticide application, water irrigation, and fertilizer use.
• Global Positioning System (GPS) provides benefits like map making, surveying, and fencing.
• Technologies like robotics, drones, and computer vision software have transformed modern agriculture, including harvest automation, autonomous tractors, seeding/weeding, and drones.
• Through DNA-mapping, farmers can test microbiomes and organic matter to analyze health metrics and take better care of their soil, identifying insects, nematodes, bacteria, viruses, and other pathogens to predict and prevent crop damage.
• AI-enabled self-driving tractors and automated farming equipment address time constraints and labor shortages, enabling round-the-clock work to increase yields in less time.