May 27, 2018, 5:39 pm
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1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 Zimbabwe dollar

Tech start up makes big data relevant with business experience, deep insights

BY LOURDES C. ESCOLANO

TECH start ups are commonly built up by youthful millennials. Cobena, a big data analytics company however is a “tech start up by old people.” 

This description came from Cobena President and CEO Francis del Val, who despite the humor in the moniker accurately referred to the fact that the company was established by seasoned information technology and business practitioners. The combined experiences provides something that no data analytics company can provide with simply by running data through programs and algorithms—deep insights that break down big data that can grow local industries and economy and guide businesses and government.

Established in April of last year, Cobena offers the tools, means, and right counsel, all backed by information gathered from official sources and experts in the field. Of these functions, right counsel is the above ground translation of all this available data which according to del Val can make a big difference into how data is seen.

“We can provide a deeper look into big data, which in turn provides our customers with a way to magnify their own experiences, not just to see in one dimension but in several dimensions with just one look,” del Val said in an interview.

Cobena’s synthesized thought leaders with data scientists and business geeks. The synergy allows enterprises to digitally transform through the power of big data. 

Chief Analytics Officer John Paul Vergara said that sifting and categorizing big data isn’t enough. The strong point of Cobena’s systems finds the patterns through the sea of data and mine new insights from the correlations. 

“Using specific algorithms, we explore data and find ways to make the data useful for the company depending on the need. This includes business predictability, steps up from simple analytics. There is data in new places and with out software we can further enhance enterprise ability to predict its business future,” Vergara explains.

Del Val emphasized how the country’s business environment performing at a 6.9 percent Gross Domestic Product (GDP) is driven by manufacturing, trade, real estate, rental, and business activities for the third quarter of 2017. The country remains among the fastest growing Asian economies today. 

The Cobena chief said the country is poised to sustain a strong momentum given proper access to data that enables businesses and even government to make smarter decisions. 

“Now is the time for enterprises and government to embrace Big Data Analytics. We offer our partners with interpretative, predictive, and actionable analytics to help them take the right steps in growing their businesses and in turn contribute to the country’s positive economic performance,” del Val comments. 

Big data can be made available to anyone who has the ability to consolidate and access it, thus proper utlization also can expand opportunities for any business, private or public. The question is how knowledgeable and experienced are those that you choose to work with.

“Our method of interpreting data into powerful insights starts with asking the right questions and articulating clearly the problem or opportunity that needs to be addressed. From the insights we gather, we then collaborate with our clients and help them come up with innovate solutions that will help them transform their business,” he adds.

Cobena introduces its proprietary flagship service called Gateway, a geospatial analytics system that leverages on location data. Using a growing database with more than 100,000 establishments and over 250 data layers on socioeconomic and environmental collated from official government statistics and published sources, Gateway helps spot potential growth areas—from regions and provinces all the way to municipalities and barangays.  Gateway also helps in the study of economic trends that affect the performance of business and the economy. 

The layers of data can be cross matched and interconnected to provide insights that otherwise cannot be seen. These insights can then be translated by Cobena’s experts into practical opportunities for implementation.

For example, using Gateway, Cobena has found out important economic factors that could benefit the country. First, it has determined that by projecting the growth rate of the Philippine population and comparing it with the population statistics of its neighbors, the Philippines is poised to enter a demographic sweet spot from 2015-2040 where the economically active portion of the population will increase to about two-thirds of the population while the young dependent population will decline from a third to about only 25 per cent of the population during the same period. 

This could mean unprecedented economic expansion for the Philippines with the proper investments being placed in the development of infrastructure and human capital.  Cobena can help point these “sweet spots.”

Economies within the demographic sweet spot have opportunities for increased government investment in infrastructure  and  economic  development  as  a  result  of  a  decrease  in  spending  on  government  services primarily  necessitated  by  dependent  populations,  such  as  basic  education  and  primary  healthcare.  These economies also have opportunities for accelerated economic growth when individuals accumulate savings.

“We are proud to offer Gateway and our other services for the best interest of our partners, may they be private or public institutions. Big Data Analytics is a key tool in making smarter business decisions, engaging stakeholders, and formulating and executing policies that all Filipinos can benefit from, with the potential to significantly contribute to the growth of the Philippine economy,” del Val concludes.
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