This is the future of healthcare: The below snapshot shows how your daily health timeline might look like in 2020.
Some of the technologies shown in the illustration might sound fictitious, yet as indicated on the right hand side column they either are already commercialized or are in advanced stages of development.
The companies working on these technologies are mostly start-ups. Nevertheless, some big names such as Apple, IBM and Facebook have also entered the fray, making the stakes higher for such medical advancements.
IoT is the common thread: The common thread weaving across all these technologies is the internet. Internet allows these technologies to seamlessly integrate into daily usage, providing useful information to improve the overall quality of the healthcare provided.
This calls for a suitable IT partner
Such IoT ecosystems will generate immense opportunities for healthcare companies. To benefit from this, either they can delve into the technologies themselves (like some of the start-ups) or they need to find a suitable partner in an information technology company. Through partnerships they need to exploit opportunities in the following areas:
Cloud storage: Cloud will be the obvious choice for storing the humongous amount of data generated from all these processes. IT companies need to ramp up their cloud based offerings to benefit from this opportunity.
Data security: Medical data is one of the most private and sensitive categories of data generated. Unauthorized access to such data might lead to serious trouble. So there will be an increased demand for sophisticated security layers ensuring that the immense data generated does not fall into the wrong hands. IT partners will play a vital role in building these strong security layers around these systems.
UX/UI design and Data analytics: As the usage of such technologies grows on mobile devices, organizations need to create a very simple and efficient user experience. Not only do the interfaces need to be highly interactive, there will be also a requirement to create a surreal experience capable of replicating the physical one. Similarly, the demand for real time analysis of the massive healthcare data generated is also expected to grow exponentially.
Tie ups: Why not? Some IT partners will definitely prefer getting their hands dirty by entering the fray through tying up with the start-ups developing the technologies. They can play the role of software solution providers and have a share of the pie.