Software Engineering Insights

In the massive influx of technologies, Artificial Intelligence (AI) has proven its potential with some disruptive solutions. With rapid unfolding of positive possibilities that AI can bring in, it has been revolutionizing the way businesses team up with technology, irrespective of the domain.

By now, you must have heard of the term Bitcoin; the digital currency that made headlines all over for its phenomenal rise (and occasional fall) in value. Bitcoin was the first cryptocurrency that was famed for its computer encryption, preventing many from making fraudulent transactions online.

The digital landscape has changed remarkably over the past decade. Almost every business, irrespective of the industry is realizing the digitization benefits and embracing it as well. With this, digital data is generated, faster than ever. In fact, some of the industries are at a point where manual data analysis is a next to impossible job. This has driven the rise of Machine Learning (ML), which is the ability of machines to analyze big data and extract information, just like humans do.

Chatbots are revolutionizing the customer service space. These stand-alone conversational interfaces that utilizes messaging platforms or apps for conversation are predicted to change the quality and pace at which customer service is rendered. With this, chatbots are not just an innovational window for customers but also a way for businesses to save hundreds of dollars (with fast and automated response rate).

Paper contracts is an old-school approach for binding agreements. Involving multiple intermediaries, several rounds of negotiations, and a lengthy administration of finalized agreement is no more a standard practice. While digital documents are an effortless alternative to these traditional contracts, they are easy to forge.

Technology advancements, healthcare reforms, and ever-changing patient requirements in healthcare poses a number of challenges for the providers. To overcome them and achieve customer experience objectives, it is important to construct a system that supports real-time orchestration of healthcare resources (like data, people, devices, facilities).

Cryptocurrencies are causing a stir with their skyrocketing value. With this, the demand for Blockchain wallets is rising as well. By the end of 2017, over 21 million users were reported to be using the wallets for transactions of their digital currencies (according to Statista).

Electronic Health Records (EHR) is a system that contains patient-centric information, saved electronically. This may include an individual’s health status, demographic data, or clinical information (like lab reports, radiology, or pharmacy data).

Naive companies and startups usually turn to angel investors and venture capitalists for fundraising. In order to receive an initial capital aid, these startups give away a part of their equity to the investors. While this idea has been prominently adopted from years, startups today are more interested in holding on to their ownership, and still secure funds for development. This is where Initial Coin Offering (ICO) comes into picture.

Patient portals can go a long way in bridging the care-delivery gap between patients and providers. This modern technology has a major role in keeping patients informed, involved, and connected with care providers.