tokenization

Vocabulary Word

Definition

'Tokenization' is when you break something down into smaller parts, or 'tokens.' Mostly used when talking about language or coding, like when a sentence is split into words.

Examples in Different Contexts

In fintech, tokenization is used to secure transactions by substituting sensitive information with tokens. A fintech developer might say, 'Our platform uses tokenization to ensure the safety of users' financial data during transactions.'

Practice Scenarios

Security

Scenario:

Customer data protection should be our top priority. We need a robust method to protect their ID and credit card data.

Response:

Excellent point. I think introducing tokenization could help us improve data security significantly.

Artificial Intelligence

Scenario:

Let's improve this NLP model's text understanding. We could modify how it processes the language.

Response:

We should use tokenization to break down the text into smaller, more manageable units. It will enhance linguistic analysis.