Online Drug Delivery System to Take a Toll in India with Decreased Healthcare Costs

Buying medicines online has turned out to be the latest trend among the consumers and patients in India. With this growing trend, e-pharmacies are also increasing at a significant rate. However, in September, the AIOCD (All India Organization of Chemists and Druggists) had protested against the draft proposal of Central government with regards to formalizing online sales of medicines. The drugs association has been feeling threatened to take a step towards pan-India bandh. Nearly 8.5Lakh chemists from across the nation had participated in the protests.

With easy accessibility and lower prices, online drug retail schemes have begun to pose threats for physical drug stores. The prices online are nearly 10 to 20% lower compared to prices at physical drug stores. Therefore, online players are only been facing significant costs on the basis of delivery.

Testimonials on Online Drug Delivery

Convenience is the major plus when it comes to online drug delivery. Especially for the sick and elderly, online drug delivery turn out to be extremely beneficial as it helps them in eliminating the situation where they would have to face crucial mobility issues. Online players are supplying to over 22,000 pin codes across India, which is inclusive of Lakshadweep and Andaman & Nicobar Islands. This in turn has resulted in drastic time reduction taken for delivery in remote areas. E-pharmacies have been taking efforts in delivering on the similar day or in less than 5days.

Online players are of the viewpoint that their model could help in better disease management with increased adherence towards prescribed treatment plans. Digital trials in the online services have been offering greater confidence to the shareholders. Several general insurance companies have been collaborating with the e-pharmacies for outpatient department (OPD) covers owing to the tracking and e-billing facilities that they offer.

Various online players further mentioned that auditability and traceability would be beneficial in government regulation, law enforcement, and the insurance coverage of medicines. Moreover, DHP, the online association is also planning to avoid sales of the habit-forming painkillers as well as psychotropic and narcotic drugs. The main motif of the online players is to cater to the existing and emerging needs of customers and patients suffering from chronic conditions.

Pharmacists have been heavily relying on technology for complex tasks. Online pharmacies provide better pricing compared to the offline stores with growing access, lower product and transaction costs, convenience and better anonymity for the consumers, which in turn is expected to dive in significant revenue growth for the healthcare industry, with notable expansion of customer base on the e-pharmacy platform.

New Strategic Partnership to Drive Blockchain Router Production in MENA Region

Block chain has a come a long way since it has been conceptualized back in 2008. Owing to the potential that it holds, companies are harnessing its capabilities to foster their business growth. OptDyn, a company having the vision of offering IoT, cloud computing, and crypto-currency mining to its customers has entered into a strategic partnership with aSAY Group, an EOH subsidiary which is focused on providing best solutions and assist customers with a tailor-made approach in business.

The strategic partnership is focused on increasing the production as well as adoption of the blockchain router, Subutai in Middle East and North America. The partnership was announced at the seventh Ritossa Global Family Office Investment Summit.

The Subutai Blockchain Router is a ‘green’ and power-efficient broadband cloud router and Internet of Things (IoT) ‘Swiss Army Knife’ gateway with an industrial edition and residential edition. Owing to its great attributes the Subutai Blockchain router earns its users a passive income through several channels of income.

The initial focus of the partnership would be on the production as well as the distribution of the Residential Edition of the Subutai Blockchain Router. This residential edition of the Subutai Blockchain router offers its users with a passive income of nearly US$115 per month, without the need of any technical skills. Furthermore, the cryptocurrency mining and generating passive income becomes simpler with Subutai Blockchain Router as it is easy to connect and use.

Alex Karasulu, CEO of OptDyn, said that the OptDyn team is delighted to collaborate with aSAY and EOH as they are leading companies in the Middle East and North Africa market. Alex further added that OptDyn joining forces with aSAY would provide effective assistance in enhancing the life of million users with the Subutai Blockchain Router, as it expected to revolutionize the cryptocurrency mining market valuing greater than $4 billion.

Osman Koc, General Manager, aSAY Communication Services that with this partnership, they look forward to bring innovative technical solutions that stand essential to the market growth that serve a tremendous customer base. They are eager to recognize the Subutai Blockchain Router impact. The ethical cryptocurreny mining is in uniformity with their goal of becoming a relevant and ethical entity and render a positive role going beyond the conventional business practices, Osman added.

Cryptocurrency mining has gained greater emphasis with time. Moreover, such developments are expected to boost the market for better.

80 Space Exploration Startups from China Enter the Race to Challenge SpaceX

Space exploration is seeing a massive push from China as a number of startups in the country are in preparations to take on industry leaders like Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin LLC head on for a significant share in the space market.

The proposition is a risky one, as there are a number of complex technical challenges that are associated with the business. However, with 80 Chinese startups entering the race in space technology, experts estimate that the increased completion will result in more successes than failures. Most of these new businesses are emphasizing on satellite and software related applications. A few are developing launch vehicles that are anticipated to provide a stiff competition to private outfits such as SpaceX for commercial space contracts.

With no significant sign of space-related business in the past 10 years of Chinese history, the country has come a long way at a rapid clip, displaying a very strong private sector of the country. The country opened its space business to private players in the year 2014, to tap into the lucrative opportunities being presented by the worldwide sector of commercial space technology worth more than 300 billion in the last year alone.

In addition the Chinese government has a very ambitious program for space exploration in the coming months including an unmanned lunar landing in December and a lander for Mars in the year 2020. The same year will also see the launch of the Chinese BeiDou satellite based navigation system, which is anticipated to act as direct completion to the U.S. built Global Positioning System.

After the recent rocket launch failure of Landspace Technology Corp., Other developers such as One Space are anticipated to take up the challenge later this year, and through next year as well. Landspace and One Space have already managed to gather approximately $72 million and $116 million respectively through local governments and private investors. Most of these space startups have some sort of government involvement, even if it is only in the form of monetary investments.

Landspace is developing a large size rocket that will be capable of 4 tons, which is nearly as much as SpaceX’s Falcon 9, at only a fraction of the price. The Chinese space market is anticipated to face some tough challenges on the business aspect as well. The Chinese space sector is facing stiff completion from other developing nations including India, China, UAE, and Brazil. In addition, the U.S. restricts Chinese companies from launching satellites that use U.S. produced parts, which is anticipated to act as a major constraint. China is anticipated to counter this through acquiring cost-effective contracts in Europe, especially with clients in the telecommunication and media sectors to create a new market.

Medical Device Innovations Fostered by New Investments

The Massachusetts Medical Device Development Center is running an initiative, which would be crucial and greatly beneficial for the business owners that work towards improving the patient life and enhancing their independence. The center is a collaboration between UMass Lowell and UMass Medical School that is known for assisting biotech and medical device startups.

The Massachusetts Medical Device Development Center received a grant of over $7 million from the National Institutes of Health with which it would establish an all-new center that would be focused towards providing assistance to the researchers that are pioneering the cutting-edge technology in the development of medical devices such as the point-of-care devices and technologies for the patients suffering from disorders related to blood, heart, lung or even sleep disorders. Patients would gain great help while dealing with the health concerns and manage their health irrespective of where they are, with the help of these innovations that work towards improving the quality of life and reducing the hospital stays of patients.

The businesses that work towards innovating the traditional medical devices and have innovations close enough to undergo tests in clinical settings are encouraged to apply for being a part of the new center that is being developed by Massachusetts Medical Device Development Center. This is expected to provide major opportunities for medical professionals across the United States. As stated, a seed funding and the center’s legal, business, and staff expert support would be offered to the successful applications. The Center already awards seed funding to the best new concept from early stage diagnostic, medical device and biotech firms.

According to officials, the center would bring the extensive skills and brilliance at UMass Lowell and UMass Medical School together for the purpose of offering a robust infrastructure for development in terms of technology in and outside the entities, improve the care and treatment-outcomes for patients, and assist in transforming the economy of the region. The center would be established in the UMass Lowell and UMass Medical School by the year end.

Medical devices are gaining tremendous importance with the changing healthcare landscape and the growing demand for effective healthcare treatments. With such funding programs, medical device providers and manufacturers can gain a greater support for providing effective solutions for effective patient-care and incorporate innovations that simplify the task for healthcare professionals. This is expected to boost the healthcare industry with major developments anticipated for the forthcoming future.

Alibaba to Power up and Centralize Its Cloud Business: Prominence

Cloud business is being dominated by established giants that include Microsoft and Amazon. To head up shoulder-to-shoulder on a business note, Daniel Zhang, CEO of Alibaba had recently mentioned that they have plans to make their business totally powered by cloud. Also, he is of the point of view that cloud computing would be taken up as the main business for the company in the future. Alibaba is seeing a huge growth with regards to its cloud computing business over the last few quarters which is also attributed towards its international business expansion.

The cloud business of the Chinese e-commerce giant has been expanding at a significant pace and also saw a revenue growth of over $800 million in the quarter ended on Septembver30, a 90% Y-O-Y growth. Cloud accounted for nearly 7% of the total revenues in quarter versus 5% in the same timeframe year before, focusing on indicating how their business is concentrated but still holds considerably more share.

Expansion Strategy of Alibaba

Alibaba has already firmed up on expanding its cloud business across new territories but outside China, which was more than two years ago. The company has opened up new data centers in Europe and Asia along with others. Recently, the company opened up a novel data center in U.K., which is country where Amazon, Alibaba’s rival holds a strong presence. Alibaba is taking up cloud computing in a way that it would help in diversifying their business beyond retail. With the launch of “New Retail” by Alibaba, the company is gearing up to combine its entire online properties with the brick-and-mortar supplies. This also includes the company’s food delivery and logistics network.

CSS Insights’ senior vice president, Martin Garner had mentioned that Alibaba has been making heavy investments at a significant rate for developing its cloud services. The company has firmed up itself in a way that it is considered as one amongst the hyperscale cloud players of the world, making it up for neck-to-neck competition with Google, Microsoft and Amazon. Alibaba is trying to expand its global footprint with innovations and advancements in its portfolio of cloud services, at a notable pace. Also, the company is experiencing a strong push in the field of IoT (Internet of Things). In the long run, the company will also design on its new AI (artificial intelligence) chips.

Cloud-based services are seen as being pervasive for some associations because of which, in today’s modern world, it is hard to envision using applications as well as innovation foundation workings without the cloud. Business world in the long run will be seen significantly increasing the adoption of cloud computing as it helps in enhancing efficiency, improves cash flow and also offers various other benefits such as flexibility, disaster recovery, automatic software update, capital-expenditure free, increased collaboration, work from anywhere, document control, security, competitiveness and most of all, is environment friendly.

Leadless Pacemakers: Help reduce complexities in arrhythmia patients

Pacemaker, an undoubtedly savior for patients suffering from arrhythmia, which is a disorder that causes irregularity in the heart beats. Pacemakers, therefore, help patients to cope up with irregular heartbeats. It is also seen evolving with the enhancement of technology in the healthcare sector. This electrically-charged device regulated the electric system of the body to control the rhythm of the heart. Its unique capabilities of recording the heartbeat help doctors know and understand the condition of the patient better.

Pacemakers are implanted under the skin by the surgeons with wires stretching from the shoulder veins and attached to the heart. Various patients have faced complications due to these wires and the surgical implantations according to the previous study.

Changing technology helps develop a better device

An addition to the family of this clinical medical device are the leadless pacemakers. They are small and require no wires. They are directly placed into the heart. A recent study said that patients found leadless pacemakers better than the conventional pacemakers resulting in overall reduction in the complications faced by patients traditionally. The fusion of technology with medical expertise has resulted in providing better clinical care to the patients in the form of leadless pacemakers. This small, self-contained medical wonder could reduce the complexities of managing arrhythmia.

With technology taking over the traditional methods of medical treatments, pacemakers are also expected to evolve with time. Pacemaking technology with a dynamic approach could be seen implemented for the forthcoming artificial hearts. Various technological advents could support this technology to improve the way arrhythmia would be taken care of. Technology has been allowing enhancements to manage and monitor pacemakers after their implantation inside the body. Pacemakers like microprocessor pacemakers, dual-chamber pacemakers may also witness developments with the changing need and requirements of the new-aged patients.

Researchers are constantly trying to improve the way pacemakers are developed to ensure that they could perform better and help patients as well as the doctors. Pacemaking technology is strategically developing with newer discoveries that is changing the healthcare sector with better ways of diagnosis and treatment.

Leadless pacemakers may not be more effective than the traditional pacemakers but considerably reduce the complications of the patients implanted with them. Researchers are working on addressing the complications with a greater insight in technology. Leadless pacemakers would not completely outgrow the conventional ones but definitely mark the beginning of a transformation for the betterment of the arrhythmia treatment.

Tech Trends Reshape the Banking Industry; Innovations Dictate the Future of Banking Operations

Started off with the concept of taking care of finances of people and handle their cash, the banking industry has grown to new heights. The banking industry is valued for giving credits to let people have the opportunities to start new businesses, introduce new innovations in the form of start-ups. Hence, banking sectors are always on the verge of innovating and adapting newer ideas to improve customer experience.

In order to improve how they serve customers, the banking sector is seen adapting to various transformations in technology. This helps them give best-in-class experience to their customers. Banks are getting more tech-savvy which lets them communicate and interact with the customers more easily. There are various technological trends that are taking the banking sector to another level with their convenience, easy deployment and quick approach.

Artificial Intelligence to carve innovations in banking

Similar to other industries, artificial intelligence has played an important role in transforming the financial and banking sectors. The growing need for smart solutions and convenient handling has given rise to this innovation. The growth in the banking sector has also given rise to the amount of data that needs to be managed.
Endless customer query phone conversations, emails, articles and important documents are to be managed on a daily basis. Dealing with such a cluster of data is no simple task, which is where artificial intelligence comes to rescue. Private cloud-based machine learning systems help analyze and manage the data much easily and helping them reduce cost and save time.

Smart payment cards change the way you pay

With banking taking an all new turn, there is a smarter approach to handling money. Powered by fingerprint sensor technology, the new smart cards are sure to revolutionize the way people pay. The Chinese payment network is all set to witness the arrival of dual-interface biometric cards that can be applied for identification access control and faster payments. This card brings the ‘tap to pay’ concept to life along with an added security for their customers.

Mobile: Your digital bank

With compact and portable technologies advancing in the new digital era, there is no doubt about mobiles becoming the new digital banks for customers. The convenience of enjoying banking functionalities all in your palm is quickening the entire banking process for the customers. Mobile banking lets customers carry out basic functionalities within minutes without the need to visit the bank. All thanks to the technologically driven approach adopted by banks today.

With the deployment of these trends in the real world, the banking industry is sure to reach new horizons.

Why Customer Service Matters While Meeting Your Business’s Bottom Line?

When it comes to customer service, the key to every successful business is the proverb – ‘Treat them mean, keep them keen’. For growing and establishing the business’s bottom line, a high-quality customer service is vital, as it drives profits and allows businesses to compete against rivals with more funding and resources in their pocket. The reasons on why customer service matters are listed below.

You’re Evoked

When the customer service you provided, reaches at the end, your standing and customer interaction lives on whether you like it or not. But due to human nature, customers tend to remember their poor customer service experiences more than their positive ones, as it is hard to shift a negative image. According to a study, 12 positive experiences are necessary to requite for one unsolved negative one, hence you need to get it often and right.

A Testimonial of Business

Your entire business is reflected by the customer service you provide. Your customer service whether good or bad is related to your product or service and is assumed rightly or wrongly by the people. A same attitude should be adopted as a business owner by devoting time and money to your support team just as you give it to your products or sales.

Showing Care

It is significant to treat your customers with genuine courtesy and respect as they like if you show some care towards them. By doing this they will be far more likely to invest their faith in your business. For customer service it will not be difficult for you to solicit some genuine appreciation for them.

A Lucrative Marketing Strategy

As word-of-mouth is the divine strategy for marketing in customer service, doing more than the most marketing experts, your customers speak favorably and widely about your business. It is a brilliant trend to start as advertising your business’s customer satisfaction standards is an excellent technique. By using customer testimonials and happiness ratings it will help you to show superior in customer service.

Substitutions are Always Available

The most risky strategy is undervaluing customer service because in this world of competition there is always a competitor who is doing the opposite. According to a survey, it was found that approximately 78% of consumers have backed out of a transaction because of sub-par customer service.

Unswervingly Striking Retention

As retention matters, attracting new customers is a difficult task while keeping hold of current customers costs considerably less. Unless you prioritize customer success, the worth won’t pan out from loyal customers. It is significant to consider the costs such as time money and many more of onboarding new clients, if you are a service based operation.

Impacting the Conversion Rates

It is not only important to drive traffic, but it is also important to generate this traffic into leads and ultimately sales. Eased along with customer service, adapting someone from consideration to commitment is a careful balancing act.

Extensive Real Estate Strategies for Medical Device Companies

All signs point to growth in the year ahead for the medical device companies. More medical device companies are turning to a new source of hidden value to give them an advantage of real estate, as competitive and pricing pressure is intensifying. To extract more value from real estate investments, we anticipate that leading medical device companies will increasingly examine their real estate portfolios with these three perspectives in mind listed below.

Improving Operational Efficiencies Is Imperative

Medical device companies are seeking ways to achieve efficiencies and gain access to new markets and innovations. Some medical device companies are recognizing that the real estate portfolio of the combined company should be a major priority with regard to value creation. Evaluating the real estate portfolio to identify the right places for consolidation must be done with care. Operational costs are only one of numerous factors to weigh.

A big concern for medical device companies right now is optimizing the inventory they have in the field and being able to move it around the country with ease to get as much product turned as possible with as little inventory in the field as possible. The surgical trays are expensive and can be costly to ship, so finding ways to transfer product or restock quickly without incurring significant shipping costs is an increasingly important factor in real estate decisions.

Medical device companies are using the strategy of outsourcing facility management, to become more agile and realize greater efficiencies from their real estate. But the practice of facility management operations is becoming increasingly common as medical device companies are becoming laser-focused on innovation. With deep experience in managing sensitive and complex production, today, several medical device companies are turning to seasoned facility management providers with complex production and R&D environments, as well as office workplaces.

Attracting Talent for Future Growth

There is a high demand in medical device companies for talent pool, which includes researchers, data scientists and engineers. To find them, they are setting up shop near the source. The medical device companies aren’t settling on one location, either. They are placing their bets across multiple markets. Big names are investing in small R&D labs inside several major markets while keeping other employees at less expensive properties. Being in the center of the action can have a significant influence not only on talent and innovation, but also on customer relationships.

Getting More Customer-centric

Real estate strategies are getting a fresh look because medical device companies are pushing to make their business models and innovations more customer-centric. In the race to get to market, being physically close to the customer can make a big difference. Last year in November, Johnson and Johnson’s Medical Device Companies (JJMDC) opened a Center for Device Innovation at Texas Medical Center in Houston. It facilitates collaboration between the JJMDC and a leading medical center. The Center for Device Innovation gives the medical center access to emerging medical technologies and gives JJMDC a place to rapidly prototype and test new developments.

The key for maximizing real estate investments is the tight alignment between the real estate strategy and corporate goals. A well-planned future strategy provides a strong foundation upon which your business can scale appropriately, build a strong customer base and secure the best talent.

IoT Changing the Face of Mobile App Development Realm

It is for the first time that controlling from a central device, individuals and companies can create an interconnected ecosystem of devices. Internet of Things (IoT) is spanning a variety of devices ranging from the wearables and fitness devices to household goods and utilities. Each having their own mobile app development ecosystems, large tech companies such as Apple, Google, and

Amazon serves as a base for third-party developer integration. In order to allow for their system to be used by a large number of people, the mobile app developer is then free to choose an ecosystem to integrate their hardware with or support all ecosystems in mobile app development.

Integrated Services

In mobile app development, the ecosystems in the large companies are based on prebuilt APIs, which allows the developer to integrate with the main central device and this has affected mobile app development. It has shifted the focus of developers from the need to focus on the features developed in an independent mobile app development to utilizing a service to integrate well with a voice assistant or central smart home application. As Alexa, Google Assistant, and Siri have already gained popularity, for both control and effective access, the development of hardware like light fixtures and thermostats must be designed with voice assistant integration in mind.

Unified Ecosystem of Devices

In mobile app development industry, a number of appliance companies have already started to create smart appliances that connect to a central app and voice assistant. It provides a unified experience if each of these devices is able to connect with other devices in the mobile app development ecosystem. Many refrigerators have begun to ship with touch panels integrated on the doors. This can enable functionality of being able to display reminders and notes from a phone, display a recipe that you want to bake, or connect to your phone and, through built-in cameras, can show a live view of what’s inside for when a user is at the grocery store. That same company could design an oven that connects with the refrigerator via an internet connection. This will allow the user to maintain full control of the kitchen without being near the oven or fridge by communicating with a mobile device.

Connecting the Virtual World with the Physical

The integration between the software and hardware is an additional way IoT is changing the mobile app development landscape. Wearables and microcontrollers can be programmed and controlled through an application. Similar to what smartphones and tablets allow, the smartwatch industry also allows for third-party mobile app development. The user interface and application designs must be significantly different from applications developed for the phone or tablet due to the size of their displays and their location on the wrist.

The IoT technology is already changing the mobile app development strategy. IoT has made an integrated mobile app development ecosystem to control the devices around a user with third-party apps already serving as extensions to already existing frameworks. As the IoT market is young, there is still quite a lot of innovation yet to come.