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YugabyteDB
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YugabyteDB in 2022: What Is Good For?
YugabyteDB in 2022: What Is Good For? 800 507 Exist Software Labs

Why YugabyteDB?

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 in 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!

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Two (2) Ways to Know that your Mobile Banking is Safe
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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. Java, Java Philippines
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Choosing a POS System Solution in 2022 is Like a CAKE. Here’s How.
Choosing a POS System Solution in 2022 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!

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Enterprise-Grade EMRs. Clinic System, and Medcurial (Blog Image) Java, Jav Philippines
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What is Medcurial’s Enterprise-grade EMRs and Clinic Systems?
What is Medcurial’s Enterprise-grade EMRs and Clinic Systems? 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:

  • EMR

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

  • Online Patient Portal

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

  • Telemedicine

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

  • Integrations

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

  • Web-based

    Access through any browser on your preferred device.

  • Patient Tracker

    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.

    Digital Healthcare
    Energy Tech Trends, Java, Java Philippines
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    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.

    Energy Tech Trends 2022

    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, and 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!

    Learn More
    Two (2) Ways to Know that your Mobile Banking is Safe. Java, Java Philippines
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    Will Mobile Banking Ever Rule the World?
    Will Mobile Banking Ever Rule the World? 650 486 Exist Software Labs

    In today’s current trends, mobile banking and digital platforms are 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!

    POS - Losing Opportunities By Not Using a POS Solution
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    Losing Opportunities By Not Using a POS Solution in 2022
    Losing Opportunities By Not Using a POS Solution in 2022 1080 1080 Exist Software Labs

    As the restrictions of Covid-19 became lighter, many individuals including kids, teens, and adults are now going outside their homes – playing in the park, going to the malls, and shopping. Since we are now in the Christmas season, a lot of brick-and-mortar are offering promos and discounts to entice their buyers to purchase more.

    While there are many customers purchasing, businesses should be aware of the efficiency and quality of their products and services. The inconvenience on their end might affect your business. To increase customer loyalty, they must bring a convenient and personalized experience to the customers. There are a lot of opportunities that can be lost by not using a POS, including your sales. 

    To prevent losing these opportunities, here are some areas we can look at:

    CUSTOMER CENTRICITY

    One of the most underrated fundamentals in building your business foundation is Customer Centricity. Some entrepreneurs focus on reaching their target quotas without thinking about the steps in dealing with their customers. When they visit your store, it is essential that they feel valued, and comfortable at a glance. Given the technology and tools available in the market, A POS can help retailers to avoid long queues, slow payment, and inconvenience in the experience of the customers. Customers that are happy with the products, services, and experience will surely be loyal to your store.

    STORE PROCESSES

    Commonly, store processes are shopping, adding to cart, checkout, pay, and go. But on the other hand, how you operate these processes varies the efficiency of your business. If the store processes are likely without standard, they will probably stress your customers and frustrate your employees. Store optimization and evaluating the store’s current situation might also help owners to identify what to implement and improve in their operation. These are some example store processes:

    • Check out process
    • Payment options
    • Product add-ons/Product bundles
    • Advance order
    • Customer loyalty card

    This will go hand in hand with customer-centricity also. Recognizing their value and making them feel special will stand you out from your competitors.

    ANAHAW POS

    Designed to make retail businesses seamless, data-driven, and operate faster, Anahaw POS is a fully integrated retail solution that provides end-to-end functionality. Beyond providing the right tool for your retail business, Anahaw POS is also flexible to make your processes faster and personalize the experience in your stores with cross-selling, customer points, and product recommendations.

    Why Invest in a POS solution?

    • Payment options – A POS helps the payment process faster. By scanning the codes at the back of the product’s package, the system automatically calculates the total price of the customer’s purchase. Moreover, there are payment gateway integrations that allow them to have an option if they want to pay cashless.
    • Inventory Management – Businesses can easily track their product stocks in real-time. It would save a lot of time in tracking your inventory instead of manually tracking it.
    • Loyalty cards – By having loyalty cards, this can be used in multiple ways, not just incentivizing their loyalty in your store. It could also document their contact information, purchase history, and buying behavior so that you can thoroughly understand your customers and create better business decisions.
    • Avoid Errors – Using POS can help businesses to avoid errors during operation. For example, if a cashier mistakenly scanned the item, you can easily control and correct it into the system by just putting a pin or swiping the manager’s control card.
    • Personalized shopping – With the use of POS, it can provide personalized experience to the customers. According to the Mastercard-sponsored Harvard Business Review survey, 8 in 10 respondents said that personalization is a critical driver of revenue and profits. In line with this, personalized shopping experience could lead to customer satisfaction, loyalty and increase sales because it matches their taste and preferences.

    Lucky for you, Exist offers Anahaw POS that is a fully integrated solution that provides today’s retailer with end-to-end functionality. You can book a free consultation and free demo with us to understand how Anahaw POS is set up and how we can tailor-fit the product to your business.

    TAKE YOUR BUSINESS TO THE NEXT LEVEL!

    CHECK OUT ANAHAW

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    POS Solution 2022: How can it help prevent opportunity loss? Java, Java Philippines
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    POS Solution 2022: How can it help prevent opportunity loss?
    POS Solution 2022: How can it help prevent opportunity loss? 650 486 Exist Software Labs

    Retailers without the right technology like POS Solution could waste some records that can be used for inventory, marketing, etc. As the restrictions due to Covid-19 change regularly, many individuals including kids, teens, and adults are sometimes going outside their homes – playing in the park, going to the malls, and shopping. Brick-and-mortar businesses now offer promos and discounts to entice their buyers to purchase more.

    While there are many customers purchasing, businesses should be aware of the efficiency and quality of their products and services. The inconvenience on their end might affect your business. To increase customer loyalty, they must bring a convenient and personalized experience to the customers. There are a lot of opportunities that can be lost by not using a POS solution, including your sales. 

    To prevent losing these opportunities, here are some areas we can look at:

    CUSTOMER CENTRICITY

    One of the most underrated fundamentals in building your business foundation is Customer Centricity. Some entrepreneurs focus on reaching their target quotas without thinking about the steps in dealing with their customers. When they visit your store, it is essential that they feel valued, and comfortable at a glance. Given the technology and tools available in the market, A POS system can help retailers avoid long queues, slow payment, and inconvenience in the experience of the customers. Customers that are happy with the products, services, and experience will surely be loyal to your store.

    STORE PROCESSES

    Commonly, store processes are shopping, adding to cart, checking out, paying, and going. On the other hand, how you operate these processes varies the efficiency of your business. If the store processes are likely without standards, they will probably stress your customers and frustrate your employees. Store optimization and evaluating the store’s current situation might also help owners to identify what to implement and improve in their operation.

    Here are some examples of store processes:

    • Check out process
    • Payment options
    • Product add-ons/Product bundles
    • Advance order
    • Customer loyalty card

    These will go hand in hand with customer-centricity also. Recognizing their value and making them feel special will stand you out from your competitors.

    ANAHAW POS Solution

    Designed to make retail businesses seamless, data-driven, and operate faster, Anahaw POS system is a fully integrated retail solution that provides end-to-end functionality. Beyond providing the right tool for your retail business, Anahaw POS system is also flexible to make your processes faster and personalize the experience in your stores with cross-selling, customer points, and product recommendations.

    Why Invest in a POS Solution?

    • Payment options – A POS solution helps the payment process go faster. By scanning the codes at the back of the product’s package, the system automatically calculates the total price of the customer’s purchase. Moreover, there are payment gateway integrations that allow them to have an option if they want to pay cashless.
    • Inventory Management – Businesses can easily track their product stocks in real-time. It would save a lot of time in tracking your inventory instead of manually tracking it.
    • Loyalty cards – By having loyalty cards, which can be used in multiple ways, not just incentivizing their loyalty in your store. They could also document their contact information, purchase history, and buying behavior so that you can thoroughly understand your customers and create better business decisions.
    • Avoid Errors – Using a POS system can help businesses to avoid errors during operation. For example, if a cashier mistakenly scans an item, you can easily control and correct it on the system by just inputting a PIN or swiping the manager’s control card.
    • Personalized shopping – With the use of a POS solution, it can provide a personalized experience to the customers. According to the Mastercard-sponsored Harvard Business Review survey, 8 in 10 respondents said that personalization is a critical driver of revenue and profits. In line with this, a personalized shopping experience could lead to customer satisfaction, loyalty, and increase sales because it matches their taste and preferences.

    Lucky for you, Exist offers Anahaw POS system that is a fully integrated POS solution that provides today’s retailer with end-to-end functionality. You can book a free consultation and free demo with us to understand how Anahaw POS system is set up and how we can tailor-fit the product to your business.

    TAKE YOUR BUSINESS TO THE NEXT LEVEL!

    CHECK OUT ANAHAW
    Exist Data Solutions: The Elephant Behind the Excellence. Java, Java Philippines
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    Exist Data Solutions 2022: The Elephant Behind the Excellence
    Exist Data Solutions 2022: The Elephant Behind the Excellence 650 486 Exist Software Labs

    The preceding year, 2021, was an eventful year for EXIST Data Solutions: new team members were added, new technologies were learned, and new projects were implemented.

    In the enterprise database front, PostgrEX was implemented in a prestigious 5-star hotel and casino, a state university, and a major security agency handling the biggest mall in the country.

    YugabyteDB, the No. 1 cloud-native, distributed SQL database in the world, was implemented in 3 government projects, and premium EnterpriseDB support was rendered to the country’s primary energy market corporation.

    On the Exist data solutions front, Greenplum was also successfully implemented in 3 government projects, thereby enabling these entities to turn their data into actionable insights.

    But what do all these business-transforming technologies have in common? In a word: Postgres.

    Postgres is the database engine upon which PostgrEX, YugabyteDB, EDB, and Greenplum are based. With most of them, modifications in varying degrees were done to core Postgres to deliver a product that is still Postgres, but better!

    As indicated in the article, Databases in 2021: A Year in Review, the dominance of Postgres in the year 2021 was undeniable:

    The conventional wisdom among developers has shifted: PostgreSQL has become the first choice in new applications. It is reliable. It has many features and keeps adding more.

    In 2010, the PostgreSQL development team switched to a more aggressive release schedule to put out a new major version once per year (H/T Tomas Vondra). And of course, PostgreSQL is open-source.

    PostgreSQL compatibility is a distinguishing feature for a lot of systems now.

    Such compatibility is achieved by supporting PostgreSQL’s SQL dialect (DuckDB), wire protocol (QuestDB, HyPer), or the entire front-end (Amazon Aurora, YugaByte, Yellowbrick). The big players have jumped on board.

    Google announced in October that they added PostgreSQL compatibility in Cloud Spanner. Also in October, Amazon announced the Babelfish feature for converting SQL Server queries into Aurora PostgreSQL.

    One measurement of the popularity of a database is the DB-Engine rankings. This ranking is not perfect and the score is somewhat subjective, but it’s a reasonable approximation for the top 10 systems.

    As of December 2021, the ranking shows that while PostgreSQL remains the fourth most popular database (after Oracle, MySQL, and MSSQL), it reduced the gap with MSSQL in the past year.

    Another trend to consider is how often PostgreSQL and Exist Data Solutions is mentioned in online communities. This gives another signal for what people are talking about in databases.

    What does all this mean for you and your business? It means you can entrust your most mission-critical applications to Exist Data Solutions, Postgres, and its derivatives.

    It means you can break free of vendor lock-in and redirect cost savings to core business initiatives. It means your company can be a better version of itself–a more profitable version–in the year 2022!

    Be a Data-Driven Organization.

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    Why are Traditional Banks afraid of the Truth? Java, Java Philippines
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    Why are Traditional Banks afraid of the Truth?
    Why are Traditional Banks afraid of the Truth? 768 487 Exist Software Labs

    Have you noticed that more and more businesses are accepting online payments using bank transfers, mobile payments thru phone numbers, or via QR Code?

    That is because the new trend of banking is mobile and internet banking. Banks are now accelerating and scaling their assets in capitalizing on digitization. But there are some traditional banks that still don’t want the idea of digital transformation. For them, Digital Banking is still unstable. However, Bangko Sentral ng Pilipinas is encouraging traditional banks to enable digital banking and explore innovative ways to reach customer expectations and have seamless transactions.

    Before the pandemic, it was usual for customers to go to the bank to deposit their savings, apply for a loan, or pay their insurance. But in the new normal, a lot of customers shifted to do it online. It’s easier, convenient, and effortless. Digital Banking paved the way for customers and banks to get connected closely. And it shocks the traditional banks to face the truth that online banking dominates the competition.

    But before that, let’s see what Digital Banking is.

    DIGITAL BANKING

    Digital Banking is doing everything that a traditional bank can do — Online. More than that, there are many features that digital banks can offer more than normal banks can like shopping, promos, micro-personal offerings, and more! It bridges the customers and other institutions by getting their essential needs and their normal purchases.

    To understand more why traditional banks are afraid of the truth, let’s get to the point here.

    The truth is:

    1. DIGITAL BANKING IS FOR EVERYONE

    The rise of technology taught us that having a mobile phone is important. Why? Not only does everyone now have a smartphone, but also the benefits that smartphones give the user such as communication, entertainment, etc. are within easy reach. Now, mobile internet banking is one of the most essential things that a person must have. Everyone can now enroll online even in their busiest time; it’s because they don’t need to go to a physical branch. Before, we thought that having a savings account is expensive but now, some banks offer an account for free or for a small balance! It is not exclusive nowadays, it is now for everyone!

    2. EVERYTHING THAT LEADS TO FINANCIAL TRANSACTIONS IS INSIDE AN ONLINE BANK

    As long as there are transactions, your online bank will be relevant. With the power of technology, you can pay and purchase online at a click of a button. You can shop, do groceries, pay bills, and send money to your loved ones all in one place! Because of this, digital banks are helping their customers manage their financial lives at their own convenience.

    3. CUSTOMERS WANT A REAL-TIME BANKING EXPERIENCE

    How easy is it to manage your finances using a mobile bank? EFFORTLESS. We don’t have to go to an Automated Teller Machine (ATM) to check our balance. Customers want a real-time banking experience because they want to manage their money anytime, anywhere, whenever they want. Imagine you are hungry and you want to go to a drive-thru to get your food as fast as possible when in fact, you can just get your food at a click of a button via food delivery app. It is also the same with sending money to your account. You are getting it instantly and comfortably.

    4. DIGITAL BANKING IS POWERFUL

    The points above prove why traditional banks are afraid of the truth. Digital banking is powerful because of the technology implementations inside of the application like Big Data, eKYC, Cloud & Etc. These technologies enable the bank to monitor their customers, do real-time reporting, offer personalized promos, and engage clients in a more personalized way. This is a win-win situation on both ends. Customers can do banking, Banks with digital banking satisfy their customers!

    FINAL THOUGHTS:

    Digital banks and banks that also present digitally have a huge advantage over traditional banks. They are advanced in creating promos and monitor what to improve because of data analytics, being flexible in fixing errors, and trying new features if their customers leave reviews on their applications. 

    Traditional Banks must think outside the box in taking a step forward to shift their practices in banking. This season is the right time to unlearn other knowledge and accept the fast-paced changes in the environment. In order to compete, traditional banks need to be part of digital transformation and create innovative & competitive advantages. Technology has a lot of things to offer that both banks and customers can benefit from.

    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!

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