popendent 1 versus pokeys55T

[Andre]

This is what the description of the pokey55T indicates;

PoKeys55 is an easy-to-use USB device that combines standard keyboard and joystick simulation, and do not requires complex programming knowledge. Pokeys55 provides 55 digital I/O (5V tolerant), 5 analog inputs (10-bit) and 1 analog output (10-bit). All the I/O are controlled by the provided software which allows either to use the graphical user interface or advanced console type interface. The settings can be stored on the device, so no special software is needed on target system. PoKeys55 can be used as industrial or CNC control, custom joystick or keyboard or data acquisition board. PoKeys is available with (PoKeys55-T) or without screw terminals.

Can I just connect all the wires and then assign a function for each of them.
I include a picture of the wire diagram for the pendent