16 March, 2017
The 3 Tech Buzzwords Every CEO Should Know
If you’re a CEO and sometimes think your technical team speaks a different language, you’re not alone. My world is saturated with tech jargon because I am a venture capitalist who reviews and meets with hundreds of tech startups every month. But which buzzwords are the most important for a CEO to understand? Which tech terms have gained prominence because they point to significant trends that, if not harnessed, can leave a business eclipsed? Look no further than the taxi industry and how it was outmaneuvered by the tech-savvy Uber for a prime example.
If I could only pick 3 buzzwords for every CEO to know, they would be: APIs, Artificial Intelligence (AI)/machine learning, and Internet of Things (IoT). Before I define these buzzwords in layman’s terms and explain why a CEO should care, let me tell you how I added a twist to this exercise.