IdeaHUB 2.0: On Centralized Log Management and Changing Budgeting Approach with OrangeNXT

It all started some 14-15 months ago, from an idea, a conception. The team at FoneNXT, always thinking about the new innovations, wanted someplace where the team could grow their ideas without any friction and utilize all its capacity. From that thought came the conception of IdeaHUB 2.0, a platform where you could share new ideas, but the idea need not be concrete. IdeaHUB 2.0 is a place where you can streamline any idea and build it into a concept, a prototype, develop and research it, and when you want to, share it with the team. There are no time restrictions, no regulations, IdeaHUB 2.0 is a place where you can follow your passion and interest.?

At IdeaHUB 2.0 with distinct perspectives and innovative methods the? team members at FoneNXT become agents of change. This was aptly illustrated during the first session of IdeaHUB 2.0, where the FoneNXT team members shared their most recent concepts for advancing our journey to democratize digital finance.?

?The first concept was presented by Trishant Maharjan , Associate DevOps Engineer on Centralized Log Management and the advantages of combining data for log analysis and monitoring utilizing a centralized system.

As an application, each module logs its own data—developers work with one module, there's another for transactions, another for account binding, and yet another for personalization. Developers use a distributed architecture to manage these modules, so if one module stops working, the others can continue to function, albeit with some hiccups. This system generates log files for each module, for the database, and so on, resulting in multiple log files scattered across various servers.

In this setup, tracing an issue can be time-consuming: you check one log file, which points to another module’s log, and then that leads to yet another module’s log, creating a lengthy troubleshooting process. To streamline this, Trishant proposed a centralized logging system. By consolidating all logs in one place, and centralizing data, this makes monitoring and analysis much easier.?

This management system presents benefits like saving resources and time. It went into production recently, and the team has managed to minimize the disk space for storing logs and efficiently managed storage space.

For the second presentation, a Proof of Concept (POC) was presented by Nitesh Ghimire , Lead Engineer-Innovation Lab and his team including Sushil Dhakal, Ayush Acharya, Shishir Acharya, and Mihir Sharma on reinventing expense tracking by introducing a budgeting system for OrangeNXT. In this idea, all scanned payments were categorized into 12 different groups like housing, education, health, and such to create a thorough overview of expenses and budgeting. With OrangeNXT, there is a personal finance management module that includes the expense tracker, where payments can be differentiated into categories, providing a basis for the budgeting categories.

With existing OrangeNXT users, tracking their spending habits is possible to see which categories they spend most on and provide a budgeting plan based on their expenses. For new OrangeNXT users with no expense tracking, the group they fall into, such as a student, will be analyzed, and a budgeting plan will be recommended accordingly. With this idea, spending patterns can be analyzed and personalized budget plans can be recommended through AI systems. At the end of the month, budget summaries will also be given to users, displaying what went into negative or stayed as allocated in the budget. With this, it becomes possible to set a budgeting habit in users and essentially analyze and change how users approach budgeting.

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