Publication Name: Pharmabiz
Date: 29 January 2016
By: Nandita Vijay | January 29, 2016, 08:00 Hrs [IST]
Tata Elxsi now sees the Internet of Things (IoT) in healthcare which covers patient data integration from personal devices to spur the market growth. With the digitization of healthcare sector and evolution of connectivity, there are different devices like wearables and fitness trackers. Likewise, there are smart phone applications that help keep track of various health parameters.
Since the company has already integrated IoT to develop smart sensors, connectivity, mobility, cloud and analytics specifically for the healthcare sector covering diagnostic, surgical and point of care devices, besides telemedicine and medical imaging solutions, it sees the need to offer its expertise on a large platform.
India has tremendous potential to adopt and mature itself for IoT. By 2020, the government of India plans to create US$ 15 billion IoT industry for India. If this will be the way forward, then the number of connected devices in India will reach up to 2.7 billion by 2020 from the existing 200 million. The global telecare and telehealth market is forecast to grow to 21.3 billion by 2016. Tata Elxsi considers healthcare as one of the key markets to be addressed in India and globally, Bipin RR, VP, Digital Services - IoT, Embedded Product Design Division, Tata Elxsi told Pharmabiz.
“For us India is an emerging market in the IoT space. We are taking initiatives to be part of various industry forums, communities, and standardization committees etc. to be connected with the key ecosystem players in the market. We are a one-stop shop solution for customers,” he added.
The company sees that in order to grab a share of the business opportunity in the IoT domain entering into strategic partnerships is critical. It sees that it is crucial to identify these eco-system partners and getting them on board.
Tata Elxsi helps build next generation products from scratch by bringing in a combination of engineering, design and technology. Its domain expertise in communication, medical, semiconductor sectors make it the preferred partner in the IoT space in healthcare. In addition, companies can also leverage its existing cloud platform TETHER to reduce time to market, minimise operational costs and generate measurable business outcomes. Its global footprint will enable catering to all markets with its dedicated team of 100+ for IoT.