The "chipped cable" means an FTDI chip in the cable to connect to the bike's ECU. There are a ton of Youtube videos on using TuneECU on your Triumph's ECU. It's a great diagnostic tool as well as a means to remap the fuel injection if so inclined. The website you should check out is:
TuneECU_Start
The download is free (unless you download it to your android phone), however to register your bike with TuneECU that will cost you for a license somehwere about $30 US. Once your bike is registered you can access all kinds of stuff. There are recommended cables on the website, you won't go wrong buying one of those. The newer model Triumphs use a bluetooth OBD but the older bikes like yours requires a cable. Check out the Youtube vids and you'll see how to do a lot of different jobs using the program, it's worth the effort.