Looking back over the years of the last decade, it’s clear that technology in general has greatly exceeded expectations. It’s evident everywhere from our daily driver smartphones to the software we use in industrial systems.
If we talk about the software of today, it has changed dramatically. The systems in place today have taken the weight of entire industries on their shoulders. Just look at enterprise resource planning (ERP) software which enables organizations to straighten out their business processes.
As you can imagine, a large organization would have its processes divided into different pieces. One such area is finance, while another is supply chain and operations. With these areas separately functioning in the organization, it’s essential for something to interlink these so the whole business process has a single source of truth. This is exactly what ERP systems do.
As time goes on, so do these software evolve further. This is because the requirements for industrial processes are often changing and management needs to remain ahead. Additionally, another factor for improvement is because of advancements in technology. If such a software functionality is implemented which could bring further ease, its importance cannot be overstated.
Today we have numerous software in place in every industry from delivery to finance. We’re here to look at a few software that are considered the backbone of their respective industries.
Casino Management Systems
Previously, the casino industry functioned in an offline capacity. This means that you had to go to a physical casino to be able to play. Due to this, the need for a software system to manage operations was limited. Players could game traditionally and winnings were given on the spot.
However, once the casino industry evolved to meet the demands of the Internet era, online live casino platforms were established. Now gamers can enjoy their favorite casino titles online through the use of browsers. However, this comes at a cost. As online live casinos function by player-controlled accounts, it became clear that a more effective way of managing operations was needed.
Enter Casino Management Systems (CMS). For online live casinos, they are one of the most important matters of the industry, used for overseeing all kinds of operations. They give casino management a suite of tools that can analyze and handle all casino functions in an organized manner. As we mentioned online live casinos work through player accounts, the CMS can track these accounts as well as be notified of any winnings a player earns.
Additionally, the financial structure of the casino can be handled with ease, ensuring nothing goes amiss. The game titles can be managed, with new games being added and modifications to the old ones being made. All this aids the online live casino to provide a smooth gaming experience which is a top priority.
Without a Casino Management System, online live casinos would be in trouble. There would be no way to determine how winnings should be awarded, and which player accounts the winnings should be deposited to. Security features could also be thrown into disarray.
Retail: Point of Sale Software
If you’ve made any purchase online or physically using a card, you have likely used the Point of Sale system. It’s what handles any financial transactions when you pay through your debit or credit card.
A PoS system is configured as per the needs of the business. They are pre-loaded with the inventory and so these systems help businesses handle their inventory and track sales. Additionally, you can identify which items are top-selling and get reports and analytics. Without these present, it would be impossible to deliver a seamless checkout experience.
The PoS systems of yesteryear have changed and new ones now support a range of payment options that have popped up. Among these are the popular ones of Apple and Google Pay. Additionally, now that cloud-based systems are gaining traction, some PoS systems have moved their functions to the cloud for easier usage.
Healthcare: Epic Electronic Health Record
It’s of utmost importance for hospitals to save their patients’ healthcare records. They need software for managing these records and everything related to it. This is where Epic’s EHR system comes into play.
In America, over 1,700 hospitals and 34,000 clinics use this software. Its functions include storing patient information, scheduling visits, and handling payments. With a quick click, doctors can view a patient's full medical history. Having this info lets them provide improved care.
To keep up with the digital age, Epic has introduced artificial intelligence to its software and has partnered with Microsoft to power it using the latest GPT-4.
Finance: Bank Management Software
Over on the financial institution side of things, we have bank management software. As the name suggests, they are mostly used by banks to manage their operations. The bank can use such software to handle customer accounts, assess transactions, and ensure compliance. This ensures their customers get a smooth experience.
New advancements in this software include automation and integrating AI services. Additionally, invisible banking is being explored, where banking services can work in the background while you carry out your everyday activities. This will better embed this software in our lives.
There’s no doubt in the fact that without software we would be lost and helpless. Our entire society is dependent on them matter it be huge financial institutions or small businesses operating over the Internet. As time goes on and new leaps in technology are made, the current software would further change to incorporate the needs of that time.
