New words – 24 May 2021

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biofacturing noun [U]
UK /ˌbaɪ.əʊ.ˈfæk.tʃə.rɪŋ/ US /ˌbaɪ.oʊ.ˈfæk.tʃɚ.ɪŋ/
a way of producing goods in a factory that uses microbes (= very small living things that can only be seen with a microscope) to create the raw materials

The natural world is the best manufacturing system there is. It’s been “innovating” for billions of years, and it makes things greener, better, and cheaper than any conventional factory ever could. Biofacturing seeks to partner with nature to make better products in a better way. By combining machine learning, automation, and molecular biology to nature’s insights, biofacturing represents a way to bring breakthrough products to market more quickly and for less cost.
[, 22 January 2021]

decision intelligence noun [U]
UK /dɪˈsɪʒ.ᵊn.ɪnˈtel.ɪ.dʒᵊns/ US /dɪˈsɪʒ.ᵊn.ɪnˈtel.ə.dʒᵊns/
a type of artificial intelligence that analyses large amount of data to allow organizations to make business decisions more easily

“Decision intelligence connects AI and human decision-making to form more intelligent conclusions, which lead to more favorable outcomes,” says Jack Zmudzinski, a senior associate at Future Processing, a custom software development company. “So, rather than a decision made by a human or a decision made by a computer, it’s the best of both worlds.”
[, 23 April 2021]

NFT noun [C]
abbreviation for “non-fungible token”: an entry in a digital database that shows who owns a piece of content on the internet, such as a video, an artwork or a song

NFTs are “one-of-a-kind” assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own. The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
[, 12 March 2021]

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2 thoughts on “New words – 24 May 2021

  1. Ashokverma

    It’s my opinion that these newly formed words communicate excellently… These words should be the part of dictionary.

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