Month: June 2020

A Peek into Indium Software’s Blockchain Expertise

Posted on by Abhay Das

The world has shrunk and businesses today are able to service clients across the globe, source inputs from vendors sitting in remote locations and even outsource the entire production process to a trusted partner in a different geographic location. This has created a need for simple, safe and secure means of communication and transactions such as blockchain technology.

Indium Software, a cutting edge technology solution provider, leverages permission-based blockchain frameworks such as Hyperledger to create safe and secure platforms.

A Growing Need

Blockchain is gaining a sure and strong footing across industry segments because of its high adaptability, transparency, and scalability while keeping sensitive data safe from prying eyes. It ensures performance, scalability and high levels of trust amongst participants who can access it only with the right digital keys.

According to a report by Marketsandmarkets, the global blockchain market is expected to grow at a compounded annual growth rate of 67.3 per cent between 2020 and 2025, from USD 3.0 billion in 2020 to USD 39.7 billion by 2025. The need for simplifying business processes and integrating supply chain management applications with blockchain technology are some key applications of blockchain, that are in demand.

Private blockchains garnered the largest market size in 2020 and is a shared database or ledger that is secured through limited user rights confined to the organization using private keys. While write permissions are kept centralized to a single organization, read permissions may be based on the organization’s usability.

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Blockchain Development

The SME segment has been a fast adopter of blockchain technology as it allows streamlining of business processes at low infrastructure costs and high transparency.

Amongst industry categories, the banking and financial services segment holds the largest market share due to blockchain ensuring secure transactions for customers. Some of the other benefits include high compatibility with the financial services industry ecosystem, rising cryptocurrencies, Initial Coin Offerings (ICOs), rapid transactions, and reduced total cost of ownership.

Advantages of a Blockchain Platform

Some of the key advantages of businesses adapting the blockchain platform include:

  • Assured protection of sensitive information due to the high level of privacy control for business-to-business contracts
  • Easy access to contracts for all parties with permission
  • A depository of assets to initiate trades and acquire information in near real-time
  • Improved audit trail
  • Ease of tracking the supply chain, be it raw materials, during production, at the time of storage or sale and afterward

Use Cases

Hyperledger blockchain has been used successfully in the pharma industry to develop a supply platform that can track drug movement through the supply chain, encrypting trading records. By establishing the authenticity of the transaction, it was able to lower the credit risk of pharmacies, reduced the payment period, thereby improving the creditworthiness of the small and medium suppliers who were finding getting credit and loans difficult earlier.

A blockchain-based platform for trade financing enabled reducing the time for deal processing from a couple of days to just two hours. Document digitization also affected savings on labor costs and reduce transaction and processing costs by providing all parties concerned with a view of the latest shipment data.

In the BFSI segment, it can speed up processing and transaction times in a secure environment.

This can be useful in the power sector to manage the electricity grid by identifying areas that lack electricity or are experiencing an outage and supplying power from other sources.

Real-time tracking of merchandise becomes easier for e-commerce and retail industries using the blockchain platform from the supplier to the shelf.

For logistics companies, it enables tracking shipment as well as simplifying the documentation process, making it transparent and reducing the processing time.

In the legal industry, it can prevent fudging of documents as every change made to it can be tracked and comes with a timestamp that cannot be modified or deleted.

Need for Awareness

There is really no limit to the industries where blockchain technology can be applied. What is needed is greater awareness about its potential and education about the benefits of opting for blockchain technology.

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It can work with any existing systems, including the corporate ERP, AI/ML, IoT, etc., and makes very limited demands on technology infrastructure. It needs a web application to run, and except when an organization wants to set up a node, it doesn’t need any additions to the hardware.

Indium for Blockchain

The blockchain team has successfully developed a proof of concept for a logistics client and is currently working in the legal space. The team has cross-domain expertise along with technology capabilities, making it a true partner in blockchain development services.

If you would like to explore the possibility of leveraging blockchain technology to create a secure network, contact us:

Taking advantage of Mendix’s Rapid Application Development Capabilities with MS Azure

Posted on by Abhay Das

Developers on Azure AD and Microsoft Apps today have a need to meet the ever changing needs of customers while leaping ahead of competition through innovation, timely delivery of new features and products while keeping costs low. There is a clear need for Rapid Application Development.

According to a study by MarketsAndMarket, the market size for rapid application development is expected to grow from USD 7.8 billion in 2018 to USD 46.2 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 42.9% during this period. Mendix integrated with Microsoft is designed for this opportunity.

Enterprises need solutions that can integrate legacy systems with modern Azure environments to develop innovative mobile, web and IoT applications. In other words, there is a crucial need for a complete cloud stack that is built for agility, speed, scale and insight.

Mendix is a low code, rapid application development platform that allows developers to quickly and continuously transform their ideas into valuable business propositions. The app platform augments Microsoft developer tools like C# and Visual Studio, to facilitate collaboration between different teams seamlessly over the application lifecycle by iterative cycles,  working in short.

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Integrating Azure AD with Mendix enables instant provisioning, auto-scaling and deployment. Applications can be made intelligent and contextually aware as developers get access to a wider portfolio of algorithms and component services.

Visual Mapping

Since collaboration could be with internal or external teams, Mendix allows visual mappings for defining how to convert external data to internal data. This makes it easy to collaborate even with non-developers or low-code development teams.

Automatic generation of documentation and contracts is another feature that makes Mendix integration for Azure AD and Microsoft Office Apps intuitive. Every time REST API is implemented, an OpenAPI document describing the resources and methods provided by the API is automatically included. This increases the ease of use of the API for the customer.

Authentication & Authorization

By integrating Azure AD with Mendix, the workflow is simplified as developers do not need a special authorization module to support resetting and changing passwords. It also allows the creation of multiple applications using the same sign-on mechanism.

The default implementation for user administration in Mendix SSO is yet another advantage for teams requiring customized user administration.

Extending Legacy Systems

When working with legacy systems, integrating with Mendix helps in the faster development of modern UIs and mobile apps. As the Mendix platform provides comprehenshive support for mapping Mendix entities to  complex XML messages, the web-service support allows the use of SOAP-based web services when working with legacy systems.

The Database Connector provided by Mendix runs SQL queries on existing databases directly which is another advantage when you integrate it with your Azure AD and Microsoft Office Apps. And one of the common practises is to build applications right on top of legacy databases. The Connector Kit for custom protocols provides easy access from Mendix applications.

REST is also used to expose third party services used by Azure for text to image recognition, address validation and entire business process automation services.

Expose a REST API

Since in a cloud-based world, businesses are increasingly becoming a part of digital ecosystems, REST is used extensively to implement APIs that expose data, algorithms, transactions and business processes.

Build Complex Solutions

DevOps teams achieve agility and speed by breaking down customer solutions into small components. But as sharing logic and data between multiple applications can prove to be a Herculean task, integrating with Mendix can be used effectively to generate the necessary APIs based on customer domain model entities and microflows.

The use of a message bus or iPaaS for decoupling the components for microservices can improve scalability and uptime. Mendix enables this very well.

It also can easily define visually the way to transform message formats from one application to another. Successful integration of Mendix with Azure AD and Microsoft Office Apps also requires control, agility and collaboration. Mendix has the following tools that facilitate this:

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  • Web services – An out of the box support for publishing and consuming SOAP-based web services
  • Rest services – REST publish and consume for Microflows and entities.
  • oData – Publishing entities for use in BI and data analytics tools based on the OData standard.
  • Connector Kit – Integration through custom Java logic.
  • Connectors – Custom integrations using the Connector Kit available through the App Store.

Indium Software’s expertise in both Mendix and Microsoft Azure can help immensely

Indium Software, with decades of experience in cutting edge software technologies and solutions, is a Mendix partner that can help you integrate it with Azure AD and Microsoft Office Apps. We have a qualified and experienced team that understands Mendix as well as Azure. If you would like to make your development process more seamless and efficient, give us a call.

Recently, we’ve helped a global, diversified conglomerate in the energy and industrial space with a range of digital transformation solutions using Mendix’s rapid application development platform, on the Microsoft Azure platform.

The Mendix platform is designed to serve customers in the following industries:

1. Automotive & The Future of Mobility

2. Aerospace & Defence

3. Financial Services

4. Education

5. Insurance

6.Energy & Utilities

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For each of these industries, there are a range of custom digital transformation solutions that can be developed rapidly, by using the Mendix platform integrated with Microsoft Apps. If you’d like to speak to an expert, give us a shout.

Source: https://www.mendix.com/blog/flexible-integration-options-to-support-next-generation-low-code-applications/

Data Aggregation from Multiple EHRs holds the key to effective Digital Healthcare

Posted on by Abhay Das

For over a decade now, big data has played a pivotal role in the healthcare industry. For starters, there has been a massive increase in healthcare data on the supply side. According to Allied Market Research, the market size for big data analytics in healthcare was US $16.87 billion in 2017. And, it is slated to touch US $67.82 billion by 2025.

Broadly, data analytics has influenced decision making at three levels: One, it has enhanced the ability of the healthcare professional to make better, informed decisions using data analysis. Two, insights from data have certainly helped key stakeholders from pharmaceutical companies and medical device players to insurance companies and even the government make systemic decisions. Three, healthcare enterprises make better business decisions on financial planning, marketing, operations, quality, and even risk management.

But there’s one thing that is a core process of any healthcare analytics project. And, that is data aggregation. The quality and robustness of the data aggregation process can make a major difference in the process of delivering insights.

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While this may very well be the case in most sectors, in the healthcare sector, data aggregation often becomes even more important and challenging. The key reason for this is that – individual patient data must never be shared and cannot be compromised. Unless, of course, patient-specific data is used to deliver care to the same patient.

The data picked up from EHRs (Electronic Health Records) must be aggregated as a group, without compromising on any healthcare regulation, HIPPA rules, and even medical ethics.

Additionally, for true insights to be drawn, data must be captured from multiple EHRs. Once captured, this data must be aggregated and prepared for analysis. While Data Quality Validation (DQV) is certainly a critical aspect, even more important is the adherence to rules and regulations, while still running a seamless data preparation process for analytics.

In this post, we focus on how Indium Software can play an important role in helping various companies in the digital healthcare industry run a seamless, cohesive data aggregation process from multiple EHRs.

Specifically, we can support companies in the following areas within the Digital Healthcare Landscape

  1. Digital Therapeutics
  2. Pharmaceutical supply chain
  3. Genomics
  4. Consumer health & wellness
  5. Administrative Departments of Care Providers
  6. Specialty Care
  7. Primary Care
  8. Clinical Tools
  9. Diagnostics
  10. Drug discovery & development
  11. Clinical trials
  12. Real-world developments

Companies within each of these segments need data aggregation from multiple sources.

But, the quality of this data aggregation process must be top-notch and, more importantly, fit in with their current workflow.

Broadly, the following are the 4 pillars that make Data Aggregation extremely important:

  1. Higher Quality Clinical Outcomes: This is probably the most important of all factors in the equation. Irrespective of business models, technology usage, and other key factors, access to the right data at the right time can certainly save lives.
  2. Patient Safety: But one step even before the outcomes is to ensure that doctors and care professionals have access to specific patient’s medical records, in addition to broader data-driven insights from a large data set. This comes in handy, especially in cases of complicated illnesses. 
  3. Interoperability the Key: The primary challenge often lies in building an interoperable system. We need to build a workflow so providers can leverage and access multiple data sets from various sources.
  4. Tackling compatibility issues: Lack of compatibility between systems can often cause problems in the workflow. Indium’s data aggregation process will ensure that combining information from multiple sources will produce cohesive, shareable information.

Indium Software has served the healthcare and related industries for over a decade now, offering Data Analytics, AI, Digital Transformation and Software Testing services. We serve companies of all sizes – from mid-size growth companies to Fortune 500 companies.

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As we further embrace Digital Health with renewed enthusiasm, now may be the time to leverage its full potential by deriving key insights from data.

If you have a specific query around our data aggregation service for the digital healthcare ecosystem, give us a shout.

For more information, visit: Healthcare And Life sciences