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Medcurial Package Management System Image

Medcurial Package Management

Medcurial Package Management 800 507 Exist Software Labs

Medcurial’s Clinic Management system lets you easily create and manage packages with its built-in Package Management module

Easily combine offers and streamline ordering to billing process with support for creating item and service packages for your clinic! Create promos by setting combo offers to include medicines, procedures, treatments, and other services into a single package in just a matter of minutes.

Use this ability to configure your clinic promos and service packages and simplify ordering instead of manually adding procedures, treatments, and drugs one at a time!

Watch the video below and see for yourself how easy making a package is with Medcurial.

Manage your clinic better now and drive more efficiency to your clinic. For more information, kindly fill out the demo form so we can schedule a meeting with you. You may also visit Medcurial and get yourself a 30-day free trial so you can see it in action.

    Schedule a Demo

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    New BIR Ruling

    The New BIR Ruling; What’s in it for WESM participants?

    The New BIR Ruling; What’s in it for WESM participants? 800 507 Exist Software Labs

    Wholesale Electricity Spot Market(WESM), managed and governed by Independent Market Operator (IEMOP) is an electricity market established by the Department of Energy (DOE) under the Republic Act (RA) No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001”, or EPIRA Law.

    WESM aims to create a competitive, efficient, transparent, and dependable electricity market, which is a place where offers, demand, price bids, quantities, and other energy transactions take place.

    According to the EPIRA Law, The cost of administering and operating the wholesale spot market shall be recovered by the market operator through a charge imposed to all market members: Provided, that such charge shall be filed with and approved by the ERC.”

    The law requires the Market Operator (MO), in this case, IEMOP, to recoup its costs for administering and managing the market, based on the fact that the MO has no other source of funding to function other than the charges imposed on its members. In accordance with EPIRA Law and WESM Rules, the EIMOP, as the MO, may charge its members market costs such as Registration Fees, Metering Fees, Billing and Settlement Fees, Administration Fees, Costs reasonably incurred by the Board and Committees, and other working groups, and Other Service Fees.

    Upgrade your system in accordance with the NEW BIR RULING Today!

    According to BIR RULING OT-323-2021, Page 11 No.5, “The Customer/Buyer shall be the withholding tax agent for energy sold and paid through the WESM, while both the Customer/Buyer and Generator/Seller Shall be the withholding tax agents for the Market Fees collected by IEMOP.” 

    With that said, all the WESM participants – Generation companies, Distributors, Renewable Energy (RE) Developers, customers, system operators, network service providers, ancillary services providers, and metering services are now subject to BIR tax withheld from any transactions made within the WESM.

    So, why shouldn’t you worry about the new BIR Ruling?

    It’s the power of technology! These processes can all be automated. Knowing its importance to your day-to-day activities, let us worry about how we can support you.  

    We will assist you in upgrading your system to comply with the New BIR ruling. Adjust your system and automate complex computations and other procedures needed in compliance with the regulation!

    Exist Software Labs has extensive experience as an IEMOP and PEMC technology partner for 3 years, and we guarantee we have your back in revolutionizing your system with our Power System Solutions!

    Empower your system today!

    Learn how to fully automate your processes to create a more competitive, transparent, and efficient system with our Power System Solutions!
    Take your power system to the next level!

    5 Reasons Why You Need UpToDate - Blog Image

    5 Reasons Why You Need UpToDate

    5 Reasons Why You Need UpToDate 650 486 Exist Software Labs

    UpToDate is a clinical resource tool that provides clinicians support in making evidence-based decisions. Using UpToDate enables clinicians to have more confidence in making even the most complex decisions in the most complex situations. With an average session duration of just over a minute for both mobile and web users, clinicians can get the information they need to be able to make a more informed decision.

    Not convinced yet? Here are 5 more reasons why you need UpToDate!

    Remove Unwanted Variability

    By using an advanced software that allows clinicians across multiple departments to make an evidence-based decision, unwanted variability in care can be reduced. Clinicians will find it easier to choose the best care treatment instead of having to test several procedures only to find out that it’s not the best solution.

    This process aligns care teams by providing them with information on several treatments backed with evidence allowing them to provide the best care possible for their patients.

    Author & Content Quality

    “More than a summary of the evidence, our comprehensive content is designed to be accessible and actionable to help you answer common or complex and challenging clinical questions.

    UpToDate’s unique differentiator from its competitors is its rigorous editorial process. Currently, there are over 7,400 authors and editors composed mainly of physicians, clinicians, and peer reviewers who continuously collaborate to provide useful information at the point of care. 

    With each topic having assigned an expert physician author and at least two specialty-specific physician reviewers, a thorough evaluation of the literature is done. This committee then agrees on clear treatments and screening recommendations in order to assist physicians and clinicians in making the best feasible care decisions.

    Thousands of Topics

    UpToDate currently has more than 12,000 topics that are spread across 25 different specialties, provided with over 514,000 references. Note that for each topic, there’s an individual committee that strives to make sure that evidence and recommendations are present. 

    In addition to this wide range of topics, UpToDate has more than 6,900 unique drug entries, along with information on drug interactions. There are also over 36,000 graphics that consists of tables, images, and figures that clinicians can use.

    Graded Recommendations

    “When you’re treating a patient, you want to make decisions based on the best available evidence and expertise. But even the most experienced clinicians need support in keeping up with new research and advances in care.”

    While it’s great to have an advanced system that lets clinicians do their research, UpToDate takes it a step further.

    Dr. Gordon Guyatt, along with the GRADE Working Group, has been working with UpToDate since 2001 to incorporate the GRADE system into UpToDate topics. 

    Dr. Guyatt coined the term “evidence-based medicine” back in 1992. He is recognized as a world leader in this area and is the co-founder of the GRADE System. He provides regular training to UpToDate’s physician editors about evidence-based medicine and grading.

    Gordon Guyatt - Why You Need UpToDate
    Dr. Gordon Guyatt | Program Director of Internal Medicine at McMaster University from 1990 to 1997

    The GRADE System is a set of recommendations based on a synthesis of evidence, including those that are obtained from clinical trials and experience.

    Great User Feedback

    In October 2020, a survey was conducted amongst 14,137 UpToDate users to test how they feel about UpToDate. Here are some notable results. 

    98% or 13,854 of the respondents said that they trust UpToDate as a point-of-care clinical information resource.

    96% or 13,571 of the respondents said that UpToDate improves the quality of care they can provide.

    90% or 12,723 of the respondents said that UpToDate saves them time.

    88% or 12,441 of the respondents said that using UpToDate had an effect on their patient management approach.

    86% or 12,158 of the respondents revealed that using UpToDate led to more appropriate diagnostic testing.

    These results only show that UpToDate, in fact, has a positive effect on its users and ultimately, the care they can provide. UpToDate currently has over 2 million users in more than 38,800 institutional sites across 191 countries – all of which add up to more than 617 million topic views per year.

    If you’re interested in getting UpToDate for your hospital, kindly leave your information on the form below and we’ll reach out to you right away and discuss more on why you need UpToDate for your hospital! Get better care for your patients now, and make every decision matter with UpToDate. 

    Next: We’ll follow this up with an article about how UTD and Lexicomp are “free from bias”

      Schedule a Demo

      Check Out Our Insights on Digital Healthcare

      Click the button to learn more.

      Internet of Things

      How the Internet of Things is Reinventing the Energy Industry

      How the Internet of Things is Reinventing the Energy Industry 650 486 Exist Software Labs

      Internet of Things (IoT) has given so much convenience to human activities and transactions over the years that it has become one of the most important technologies on a global scale. It helped not just individuals on its day-to-day activities; but also various business verticals on its company-wide operations.

      The energy industry in the Philippines is no exception. The Internet of Things (IoT) provides a wide range of applications that can be utilized in the energy sector; this includes energy production, transmission, distribution, consumption, and many more.

      See figure 1.1 (This is the evolution of the Internet of Things (IoT) over the years.)Power System Solutions

      In previous years, most of us, consumers, never really considered mother earth when consuming energy; This is one of the improvements that IoT may bring forth! Organizations can drastically cut waste thanks to increased control over energy consumption. It brings significant cost savings and allows for a reduction in CO2 emissions, which benefits the environment.

      Another challenge that the Energy Sector has is the lack of integrated energy planning and demand forecasting. This significantly widens the gap between energy supply and demand; However, with the help of IoT’s advanced analytical systems, organizations can now develop precise and real-time forecasts. Here are some Internet of Things (IoT) capabilities that will reinvent the Philippine energy industry.

      See figure 1.2 (Here is the entire IoT ecosystem of the Energy Sector. From generators, transmission, distributors to the consumers.)

      Power System Solutions1. Intelligent Grid

      IoT enables grid systems to gain control over power flow or significantly curb energy use and helps in tracking real-time energy consumption that gives users almost complete control over their energy consumption. Its automated approach also helps consumers become more cost-efficient while decreasing energy waste.

      While Energy companies, on the other hand, may achieve real-time monitoring, rapid data restoration, and highly accurate usage forecasts, making energy system management and maintenance much easier.

      Empower your system with IoT today!

      2. Monitoring of Processes and Resource Optimization

      Automation is one of the benefits that IoT can provide; having an IoT system means less human intervention, and less human intervention means fewer errors. The use of sensor devices in a power plant allows for the automated execution of processes and the delivery of better, error-free production. The availability of data on all areas of the supply chain enables the operating system to make accurate judgments on a wide range of factors.

      IoT solutions generate real-time data, allowing management to act quickly and take appropriate action if there are errors or inconsistencies, allowing businesses to produce higher-quality services.

      3. Analytical Advances

      With increased energy consumption demand, energy businesses must rely on advanced analytics more than ever to meet customers’ expectations for more options, better transparency, and lower energy prices and waste. In order to compete, utilities and power generators must utilize the same analytics to precisely anticipate future power usage.
      The sensor-enabled technology assists the Philippines’ energy sector in gathering more precise data that can be used in proper forecasting of energy supply and demand. As a way, it lowers unnecessary energy usage.

      4. Reduction of maintenance and operating costs

      Predictive maintenance is another significant advantage of IoT data. Proactive testing and repair significantly reduce the amount of time the machines are inactive, hence minimizing catastrophic equipment failures and lowering maintenance expenses. It enables managers to take complete control of energy data from the beginning and considerably optimize the operation. The use of an IoT-powered solution in the energy sector employs sensor-based approaches to automate the industry’s operation.

      Intelligent sensors and devices, for example, can communicate information from distant equipment to detect an impending fault, minimizing damages and stoppages and giving the system much more flexibility.

      5. Increase the Production of Renewable Energy

      A smart, dependable, and efficient power supply contributes to the smooth operation of smart cities. The application of IoT in renewable energy generation will assist them in producing enough energy to meet their needs.

      Sensors attached to generation, transmission, and distribution equipment are used in IoT applications in renewable energy production. These technologies let businesses remotely monitor and control the operation of their equipment in real-time; This reduces operational expenses and energy waste, but more importantly, it helps us minimize our reliance on fossil fuels.

      Exist Software Labs will continue to assist businesses in the energy sector

      You may now achieve the above-mentioned processes and technologies with Exist Software labs! For over 20 years, we helped several energy enterprises by implementing multiple Energy Automation solutions.

      Achieve advanced analytics without breaking the bank, optimize your operations, and achieve advanced management systems by utilizing various enterprise-grade technologies designed exclusively for the energy industry.

      Empower your system today!

      Learn how to fully automate your processes to create a more competitive, transparent, and efficient system with our Power System Solutions.
      Take your power system to the next level!

      YugabyteDB

      YugabyteDB, What Is It Good For?

      YugabyteDB, What Is It Good For? 800 507 Exist Software Labs

      The database evolved from the network & hierarchical model of the 60s to what eventually became the dominant force in databases in the 70s up to the present time—the relational model. From this model arose the big names in Relational Database Management Systems like DB2, Oracle, and Sybase. In the 80s, a player emerged that would forever change the RDBMS landscape: Postgres.

      Postgres is the only RDBMS to have won DB of the year 3 times: 2017, 2018, & 2020. This speaks of the universal trust that developers have placed on the system and this has only increased with the rise of open-source software and cloud-native computing.

      Which begs the question: What is cloud-native computing? To put it simply, the rise in the services-based model championed by the major cloud providers like AWS, GCP, & Azure has given way to a new way of developing applications, with key emphases on scalability, resilience, high-availability, and agile deployments.

      Combining the relational supremacy of Postgres and cloud-native computing, we are then faced with the next step in the evolution of the RDBMS—Distributed SQL— and YugabyteDB is the No. 1 Distributed SQL platform today.

      Use Cases

      What is YugabyteDB good for? I will mention 4: cloud-native applications, applications requiring massive scale, geo-distributed workloads, and traditional RDBMS modernization.

      1. Cloud-native applications – Build stateful microservices by leveraging modern cloud-native frameworks such as GraphQL, or in any language of your choice like Django, Spring, Go, etc.

      2. Massive-scale applications – Seamlessly deploy IoT and streaming services that demand high throughput, support for large data sets, and/or many concurrent connections.

      3. Geo-distribution – Move data closer to users for resilience, performance, and compliance with the industry’s largest choice of deployment and replication models.

      4. RDBMS modernization – Evolve Oracle, SQL Server, and DB2 workloads to a modern distributed SQL database with minimal disruption. If you can migrate to PostgreSQL, you can migrate to YugabyteDB.


      Real-World Projects

      We have deployed YugabyteDB in several government and educational institutions that employed cloud-native applications development—requiring user connectivity from various geo-locations—along with the migration of MySQL databases.

      YugabyteDB has delivered in all of these projects, requiring very minimal tweaking in existing SQL code and even speeding up queries in many instances.

      YugabyteDB will very soon be the de facto RDBMS of choice in a cloud-native world.

      Exist is your data solutions partner of choice!

      Explore the next level of your digital transformation journey with our Data Solutions Services. Let’s look at opportunities to better maximize your ROI by turning your data into actionable intelligence. Connect with us today, and we’ll proudly collaborate with you!

      Two (2) Ways to Know that your Mobile Banking is Safe

      Two (2) Ways to Know that your Mobile Banking is Safe

      Two (2) Ways to Know that your Mobile Banking is Safe 650 486 Exist Software Labs

      Today, mobile banking is part of our daily lives today but, is it safe and secure to handle our online transactions? Users like the convenience of mobile banking as it gives them benefits that they can also have in physical branches. To name a few, they can use their smartphones to check their account balance, transfer money, pay their bills, shop online, etc. 

      However,  Several Philippine Banks were hacked last year. It created fear not only for the users but for the financial institutions as well. It became the focus of the media for quite some time. Luckily,  the perpetrators were arrested. Financial Institutions’ online security was strengthened and users became more vigilant. There are two ways to know if Mobile Banking is safe.

      1. END-USER’S SECURITY FEATURE

      These features are essential to the end-users when it comes to mobile banking. It will give them multiple options to secure their accounts while enjoying the convenience of online banking.

      • ONE TIME PASSWORDS (OTP)

      One Time Password (OTP) is a secure code sent real-time to your mobile number when performing a transaction. For every transaction, it generates a different security code. 

      • BIOMETRICS AUTHENTICATION

      Biometric authentication is a security method that depends on the unique biological characteristics of the user to verify the identity of the person. Biometric login gives extra security to the user because it’s impossible to hack, steal, copy or share. In comparison with OTPs, Biometrics are not number-based. 

      • CHANGING PASSWORDS REGULARLY

      Protecting user’s bank accounts begins with changing passwords. As cybercrimes increase, password formats changed over the years like adding symbols & numbers (eg. Alphanumeric with special characters). Although some mobile apps require changing passwords frequently, we should change when:

      1. There’s a suspected unauthorized access
      2. The virus entered your device/s
      3. Logged in to other device/s

      More than these three end-users’ security features, mobile banking users should also be aware of scammers who are using fake emails to hack their accounts. Users needs to be aware and cautious to avoid incidents like these from happening.  Moreover, we can say that mobile banking’s safety features assure us that our data, money, and  identity are secure

      2. INTERNAL SECURITY FEATURES

      These internal security features are part of the system when building a digital bank. Implementation of these security features is essential to provide high protection for the users against hackers, scammers, and identity fraudsters.

      • SECURE SOCKETS LAYER (SSL)

      Secure Socket Layer or SSL is a security system implemented to a website or mobile application that integrates protection, privacy, and coherence. SSL encrypts the data transmitted across the web of a platform. In banking, SSL initiates an authentication process between two systems to make sure that both systems are legitimate.

      SSL was created to protect user privacy by doing encryption that the user operates inside a platform. It ensures that the data inputted in the web or app will not be exposed and safe. Meaning, it is only visible and available to a platform the user operates.

      • ROBUST AUDITING MECHANISM

      Aside from business process audits, a robust auditing mechanism is placed both in the system level transactions and system user activities to ensure data integrity and faster resolution of concerns. Multiple software frameworks and technical architecture are in place to ensure data traceability and immutability of audit logs.  Modern implementation also allows banks and financial institutions to take advantage of these  logs for real time monitoring and implement processes such as real time fraud detection. 

      • OWASP COMPLIANCE

      OWASP (Open Web Application Security Project) compliance makes sure that web applications are not vulnerable to security breaches like phishing, malwares & hacking. Moreover, OWASP updated Top 10 security risks last year. The top 10 list provides guidance and education to developers, designers, architects and business leaders concerning web security risks to avoid.

      There are more security systems integrated in a digital bank to protect our data, identity, and money. SSL, Robust Auditing Mechanism & OWASP are only three of the other security requirements. Banks & financial institutions that plan to upgrade their system and are transitioning to digitalization must be aware and knowledgeable on the requirements needed.

      At Exist, we believe that superior digital experiences are essential in staying relevant. Our software expertise establishes and empowers banks to rapidly grow their business.

      Exist Software Labs, Inc. is committed to extending our assistance to several banks with their Digital Onboarding requirements. We have been in the business for 20 years, and the mission to enable corporations to go on digital and have a competitive advantage in this fast-changing world is at our core. Go where the possibilities are boundless!

      CHOOSING A POS SYSTEM SOLUTION IS LIKE A CAKE. HERE’S HOW.

      Choosing a POS System Solution is Like a CAKE. Here’s How.

      Choosing a POS System Solution is Like a CAKE. Here’s How. 650 486 Exist Software Labs

      Point Of Sale (POS) systems are essential in handling business operations today. It helps the retailers to have convenient transactions with their customers and process all the orders with documentation. More than that, reliability of the POS System Solution would likely affect your business as you expand moving forward.

      Likewise, opportunities that are rising as your retail business thrive would possibly empower if the POS provides store processing management, data analysis, and inventory management. 

      To further explain this, getting and considering a POS supplier is very tedious, but like a piece of CAKE. Here’s how:

      1. CONSIDER LOOKING FOR PLENTY OF POS SYSTEM SOLUTION SUPPLIERS

      Just like hiring, you need to inquire with several POS suppliers. In this way, you will be able to gauge who can serve you better. Don’t forget to prepare your tally sheets. You can now benchmark different suppliers, check their credibility, pricing, and the features of their product.

      Look for POS that can journey with your business as you grow and mature.

      2. ASK IF THEY HAVE A BUSINESS CONTINUITY PLAN

      Proven for 2020 and 2021, selling and use of POS remains to be a necessity. And it is important that your provider is someone who has the capability to support even in times of pandemic. Check if they have local support that you can contact when urgent and provide a resolution quickly. They should also have the capability to give a specific TAT (turnaround time) to not affect your sales and operation.

      3. KNOW EVERYTHING ABOUT THE POS SUPPLIER

      This is very important. Check who are the customers they are catering to, what are their products and services, where are their products deployed, and how far their services have reached. By knowing this, you are putting your business into a safe scenario where you can trust the POS System Solution that you are going to implement. Enlist your other questions and continue to benchmark all the POS Suppliers that you inquired to.

      4. ELABORATELY SHARE YOUR BUSINESS REQUIREMENTS

      It would be beneficial to you and easier for the POS providers if you have an RFP or Request for Proposal. It states your pre-conditions, your requirements on hardware if big or small, software features if basic or advanced and other services that you need, you may also include future expansion plans. Suppliers would be able to respond immediately saving you some time so you can easily have a whitelist and see the demo as a next step.

      Anahaw POS can meet all your requirements when it comes to finding the suitable POS System solution to your business. Whether you are SME or Large Enterprise, we can build a system that is tailor-fit to your business.

      TAKE YOUR BUSINESS TO THE NEXT LEVEL!

      Enterprise-Grade EMRs. Clinic System, and Medcurial (Blog Image)

      Enterprise-grade EMRs, Clinic Systems, and Medcurial

      Enterprise-grade EMRs, Clinic Systems, and Medcurial 800 507 Exist Software Labs

      Electronic Medical Records (EMRs) play a huge role in making sure that enterprise clinics can stay on top when it comes to managing patients. With enterprise clinics, having an enterprise-grade EMR and CMS that can support your clinic’s complex operations is a must! Accessing patient records for clinics that can create a clinic network for multiple branches can be helpful for both patients and the management. 

      For the patients, this allows them to have a freedom to choose which brand is more convenient for them. On the other hand, it increases the clinic’s efficiency and consolidates medical records into a single document as the patient’s EMR serves as a basis for all their current and underlying conditions which affects the clinicians and physicians’ approach in delivering care.

      Enterprise clinics (multi-branch clinics, maritime clinics, mega clinics, etc.) need clinic systems that are designed to address interoperability between several departments and branches to make a network of care much like how different banks work together. 

      Medcurial’s Enterprise-grade EMR & Clinic System

      Medcurial CMS Enterprise is a web-based clinic management system for enterprise clinics, with a DOH-compliant enterprise-grade EMR, is best suited for clinics with multiple departments offering comprehensive medical and diagnostic services such as specialized occupational care centers, maritime and seafarers clinics, laboratories, and clinics with 20 or more users. Medcurial CMS Enterprise can help in increasing the efficiency of clinical processes which leads to better patient outcomes. Here’s some of Medcurial’s features:

      • Access all your patient records through an online, customizable, fully DOH-compliant enterprise-grade EMR system.

      • Deliver care beyond your clinic’s walls by engaging and connecting with your patients through a secure online patient portal.

      • Use telemedicine to conduct secure virtual/remote consultations and regular check-ups.

      • Open for 3rd Party Integration such as LIS, RIS, ERP, etc.

      • Access through any browser on your preferred device.

      • Track the current location of patients inside your clinic (by monitoring which section they are currently queued in).

      Stay tuned to find out more about Medcurial CMS Enterprise in our following blogs! If you’re interested in upgrading your clinic system to Medcurial, reach out to us and we’ll schedule you a free demo. 

      You can also try the free version for single-practice clinics here.

        Schedule a Demo

        Check Out Our Insights on Digital Healthcare

        Click the button to learn more.

        Energy Tech Trends

        2022 Energy Tech Trends to watch

        2022 Energy Tech Trends to watch 800 507 Exist Software Labs

        The COVID-19 pandemic, numerous heavy typhoons, and other unfortunate events affect all business sectors in the country. One of the major industries affected is Energy and Utilities, and it highlighted the necessity for The Energy Industry to adopt a sustainable perspective and improve the technology system.

        With the rising demand for energy in 2022, the Department of Energy will continue its advocacy to produce renewable energy to cut market prices and achieve sustainability. On the other hand, the private sector will continue to develop technology systems to achieve efficiency, high effectiveness and keep up with the continuously evolving energy sector.

        While numerous technology solutions can assist these firms in achieving their digital objectives, only a few are expected to have a significant influence in 2022. These are the 2022 Energy Tech Trends to watch!

        1. Powering Digital Economy Through IoT (Internet of Things)

        IoT, or the Internet of Things, has played a vital role in advancing digitization in several industries, including IT, energy, agriculture, healthcare, and many more.

        It is one of the most advanced technologies, and one of its advantages is that it improves the efficiency of several businesses, including energy. And as for the energy sector, one of the most important functions of IoT is energy conservation. 

        The Internet of Things enables electricity firms to read data in real-time. It enables them to quickly gather, calculate, and analyze data to improve decision-making. It also helps the energy industry transform into an integrated system, resulting in a smart solution that is equipped with advanced technology to increase industry value and maintain asset efficiency for the benefit of the economy.

        2. Fifth-Generation Technology will establish the connection

        Many companies will continue to improve their systems in 2022. The sector will continue to advance the electric grid to make it more reliable and less expensive, thanks to the national government’s directive to push for renewable energy and industry’s developing market demands.  

        These companies rely on Millions of connected devices and digital systems, such as smart meters, sensors, management systems, to communicate data from many locations. And with their objective to digitize their system, they need to have fast and dependable technology, thus creating a need to access 5G technology. 

        5G technology is the next generation of cellular technology after 4G. It has faster speed, lower latency, and the capacity to connect more devices at the same time.

        Fifth-generation wireless technology will provide new features and more efficient smart grids. New 5G mobile networks will assist the integration of unconnected devices into new smart grids; it will also help the development of new electricity load forecasting software for accurate energy monitoring and forecasting. Organizations will now be able to receive and process the massive volume of data at quicker speeds with no chance of downtime.

        3. Companies in the energy industry will continue to migrate to the cloud

        The cloud holds the potential for endless growth, system efficiencies, and digital integration in any business industry.

        With the Power industry’s continued growth, it needs a system that can handle its complex process and massive data efficiently, effectively, and precisely; this is where the cloud can help.

        The cloud has the potential to change every aspect of the energy value chain. Connectivity, scalability, analytics, and automation can all help you save money and increase profits in countless ways.

        Thanks to Exist’s strong foundation in the power industry, with its business solutions to industry market leaders and cloud services to other business verticals, we can now quickly apply tailored advancements to your company.

        4. Artificial Intelligence will revolutionize the game.

        Artificial Intelligence (AI) is becoming relevant in the energy industry and has great potential for future energy system structures.

        Digital technologies such as Artificial Intelligence (AI) will make energy sector systems more intelligent, efficient, dependable, and sustainable, which benefits the entire energy sector chain, from generation to transmission to distribution to the consumer.

        In terms of alignment with the government’s ambitions, AI would also benefit Renewable Energy. With the growing use of renewable energy sources, it is becoming increasingly difficult to regulate the megawatts that are fed into the grid; with this, power networks will be unstable and prone to blackouts.

        With this technology, renewable energy sources may now provide real-time, accurate data that allows AI to predict capacity levels.

        5. Energy Sector will embrace the power of Machine Learning

        With Machine Learning (ML), it’s as if you have a sophisticated human mind monitoring your system, complete with advanced self-learning algorithms, taking your data to a whole new level by making human-like decisions based on current AI data.

        ML employs approaches that can be applied to predictive maintenance. Power lines, machines, and stations, in essence, are outfitted with sensors that capture operating time series data.

        With enough data, your system can now forecast if a failure will occur in your system, allowing you to more efficiently monitor maintenance, reduce downtime, and avert system failure as soon as possible; thus, lowering your system expenditures.

        6. Taking Advantage of Big Data

        It’s one thing to get your data, but it’s quite another to use it to your advantage. 

        Big Data Analytics has the potential to be a key driver in achieving optimal company performance in the energy sector.

        Big data can help the energy business in many ways, including improved supply chain management, enhanced customer satisfaction, optimizing business efficiency, analyzing future risks and possibilities, and much more.

        As a result, more and more energy companies are becoming more competitive. A superior business strategy that incorporates a large amount of data and efficient processes is assisting them in developing company value and increasing customer satisfaction.

        So, how can you achieve the advanced system and follow Energy Tech Trends?

        Whether you like it or not, the energy sector will continue to advance its technological innovation.

        In this regard, it is important to look for an innovative partner who can add value to your organization, and this is where Exist Software Labs can assist you! With our extensive experience in the energy industry, we could bring you the innovation you deserve.

        Empower your system today!

        Learn how to fully automate your processes to create a more competitive, transparent, and efficient system.
        Take your power system to the next level!

        Two (2) Ways to Know that your Mobile Banking is Safe

        Will Mobile Banking Ever Rule the World?

        Will Mobile Banking Ever Rule the World? 650 486 Exist Software Labs

        In today’s current trends, digital platforms are the most preferred and most used due to the convenience and faster process it offers with just a click of a button. As far as digital platforms are concerned, banks and financial institutions are also shifting their focus in capitalizing on adopting new technologies like mobile banking to modernize their systems into digitalization. In our era, having a mobile phone is essential since this is the primary gadget that people are using in contacting their friends.

        But the story does not end there. When the pandemic started, businesses embraced the changes and opened their minds to digital transformation. From brick-and-mortar to e-commerce, restaurants to food deliveries, and physical banks to mobile banking. Why? Because it allows the users to perform their needs and get what they want in just a few clicks. 

        Primarily, customer behavior is one of the significant factors why the majority of the Banking, Financial Services & Insurance (BFSI) industries are positioning themselves where their customers are present – the internet. Hence, financial institutions are creating digital roadmap and strategies to better understand the behavior of their customers as they create their digital platforms.

        AVAILABILITY FOR EVERYONE (MOBILE BANKING)

        Thinking about the advantages that mobile banking can offer to people, it’s about enrolling in a bank account online. In the 2019 Financial Inclusion survey, 51.2 Million Filipino adults are still unbanked. That is 71% of the total adult population! Having said that, with the long queues in the physical branches of the banks, it is very difficult to cater fifty million people to enroll them in a bank account. The good news is, fintech companies and digital-only banks are providing account onboarding in their mobile banking app for the people who want to open a bank account.

        Moreover, Filipinos are now using digital wallets as part of their day-to-day transactions. This can also be observed by the banks that want to capitalize on digital banking. The point is, if financial institutions can be present where their customers are, there is no reason to be afraid.

        DIGITAL ROADMAP

        To strengthen their online banking, the banks’ goal is to create a highly personalized customer experience with their users. For that to happen, there should be a digital roadmap that can be presented in order to visualize the progress of their desired outcome in their banks. Digital transformation is not an overnight process, it comes with adopting new technologies that will emerge systems and integration with other institutions and third-party applications to have inter-connectivity.

        Exist Software Labs, Inc. is committed to extending our assistance to several banks with their Digital Onboarding requirements. We have been in the business for 20 years, and the mission to enable corporations to go on digital and have a competitive advantage in this fast-changing world is at our core. Go where the possibilities are boundless!