IoT in healthcare

Internet of Things(IoT)

Discover the best gadgets that works best for your lifestyle

Prepared by: Nikhil Neema

The next big thing - technology in motion

Connecting anything, anyone, anytime, anyplace by smart network

Defining the next generation (IoT) internet of things

IoT refers to physical devices, such as a weight scale, thermometer and patients’ vital devices to monitor blood pressure, heart rate, diabetes and also helpful for athletes for their activity monitoring

Transforms information from the physical world in to the digital world

Gartner has estimated that there will be nearly 26 billion devices on the internet of things by 2020

These devices gather and share information directly with each other and the cloud, making it possible to collect record and analyze data.

Source: Gartner research, self understanding of the industry

Market segmentation - IoT in healthcare, understanding the dynamics of the business

Source: Self understanding of the industry, IDC reports

IoT in healthcare

Components

Applications

End user benefits

Connecting technology

Geographic presence

Medical devices Wearable external

devices Implanted medical

devices

Software and systems Remote device

management Data analytics Network and

application security

Services

Consulting and training

Support and maintenance services

Clinical operations

Inpatient monitoring

Tele medicine

Medication management

Clinical research organizations

Research and diagnostic laboratories

Satellite Bluetooth

technology Near field

communication

Wi-Fi

Europe

U.K. Germany France

Asia Pacific

China Japan

Latin America

South Africa

North America

U.S. Canada

Image source: Citrix.com

Source: Forbes and self understanding of the industry

Global IoT in healthcare market valued at USD 58.4 billion in 2014. Market expansion include the increasing urge to cure various chronic diseases, rising global population, and a demand for healthcare services

The market is expected to grow with 38% CAGR (compounded annual growth rate) during 2015 - 2020 and forecasted to reach USD 117 billion by 2020

Government/Infrastructure, global enterprises and home segment will fuel the growth - industrial equipment manufacturers are transforming to strategically place their products with the latest technology

Enabling businesses to monitor inventory management system, equipment's, and machinery. Connection motion sensors with alarms help detect unauthorized access.

The future of innovative technology products and the market size at a glimpse with trends

Leveraging the use of IoT to benefit the community by adopting smart and innovative devices

Source: Healthitanalytics, IDC research and self understanding of the industry

Wearable devices

A rich, cloud-based device of prompt

patient information that could be used to track

and monitor Parkinson’s disease to managing

asthma and diabetes, a real time information at

your finger tips

Family care

Devices that analyses urine check hydration levels and innovative electric toothbrush,

devices that also keep a track of pregnancy,

innovative clothes with sensing devices

Clinical support

A heart, BP monitor devices that attaches to your smart phone that is capable of recording ECGs, preventive and helps the user detect

any heart irregular blood function caused due to severe heart

disease

Reducing preventable

hospital readmissions

Healthcare providers realizes the financial pinch of high rates of

patients and have been adopting predictive analytics to keep

patients at home, a noble step to improvise the social community

Ease of handling patients medical

history

Doctors now feel easy as they can track

patients data on their finger tips, with such innovative devices in place it is a win-win

situation for the doctor and the patient

Monitoring chronic diseases

Diabetic patients benefits the use of

wireless blood pressure and blood glucose

measurement devices, connected with the

primary care providers, demonstrates the potential for home

monitoring devices to help patients

Image source: Atooma blog

Changing the landscape of the IoT market with an innovative approach Machine to machine (M2M): Commenced with the intention to interact and taking

decisions, with a concept of combining machine data, with Information Technology. With an actionable insight that can take real-time business decisions

The business to business (B2B) ecosystem: IoT in a context, with the accelerating potential of IoT in B2B applications have created an opportunity for existing and new businesses opportunities. Health care businesses are expected to gain most from the Internet of Things include manufacturing and insurance

The Power of multiple data sources: When you have data only from your devices, the value and usage of it is less. The power actually multiples when the number of data sources are more. This high level of correlation would possibly provide much more relevant and meaningful insights

Low cost devices with high battery life: IoT systems are dependent on sensors or devices to transmit the data in real time. The availability of such sensors has created the possibility to generate more device data than any time in the past

Smartphone penetration: While Smartphones and mobile internet growing , the need to provide data to the clients has become a value added service. Updates are available at a go with an ease, this will embark the future of technology

Increased digitization: Increased digitization is the way companies are exploring their strategies, a technology approach to bring their offering and services closer to the clients.

Source: Nasscom, Gartner, IDC research and self understanding of the industry

Image source: bigdataanalyticsnews

A look into the offerings and key strengths of leading players pushing the IoT market

Source: Gartner business insights and company press releases

Company name Offerings Key strengths

Amazon Web Services

Powerful services to gain insights on data,  launched Internet of Things platform, that uses Kinesis (a real-time streaming service), S3 (a Simple Storage Service)

Massive cloud computing business, as well as in-house software analytics expertise Amazon is the brand to watch

AT&T Banking on its broadband network launched M2X, a cloud based data storage and flow network to connect the fleet management system by 2017

Aims at cutting costs and provide an innovative direction to enhance the fleet management system

Bosch An automotive parts leader visions to connect IoT to ease maintenance and monitor devices to enable better customer care and services

With a wide-reaching, diverse product portfolio, IoT represents a huge opportunity for the Bosch Group to increase business opportunities. Estimated 50 billion devices, appliances and systems to be connected by 2020

Cisco Framed a range of IoT services including switching, routing, wireless access, fog computing services to data analytics, security, management and automation

Deeper understanding and insights to create new business avenues, and explore new revenue streams, Cisco is well established

Dell High aims to build an infrastructure component for a world of IoT by offering endpoint connectivity for devices and analytics platforms to manage data

Effectively navigating the converged systems market by positioning its product portfolio and offering innovative and industry leading products

Image source: Deloitte University Press

Source: Gartner reports and self understanding of the industry

Market entry strategies for a technology firm to enter the IoT space - good connectivity with an innovative approach is the way to go

Deliver

Configure

Define

Enable

Integrate

Innovate

Enable high quality devices to connect wireless network

Define high quality of product lifecycle to ensure flexibility

Configure your devices to ensure product flexibility and goodwill

On-time delivery, tracking the competition is key to win the game

Integrate into mobile operator networks around the globe

Set up real-time controls that provides visibility into your networks to manage data effectively

Thank you!