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Showing posts from January, 2022

MOBILE HEALTHTECH IS TRANSFORMING THE HEALTHCARE - UNLEASHING THE FACTS

Healthcare is transforming. The change didn't start now, but it began 10 years ago. However, it will be fair to say that the pandemic became a driver and pushed the sector to integrate technological innovations. Surprisingly, what happened in the past two years was supposed to be a target of 2030. That insight itself is proof of the increasing adoption of digital technologies like mobile health tech, robotics, and so much more.  Having said that, the healthcare sector is still full of uncertainties. This is why healthcare facilities leverage mobile technology in new ways. The idea is to drive down costs and offer cost-effective solutions so that more patients connect to the solution offerings.  It won't be wrong to say that technological offerings take the healthcare industry by storm. As per a leading company, the role of mobile apps became quite significant, allowing physicians to monitor physical activity preventing the spread of the pandemic. This is why many people are inv

IMPACT OF DIGITAL TRANSFORMATION ON CUSTOMER EXPERIENCE

 Digital transformation is a new reality that is increasingly being ingrained in enterprises. Companies are gradually adopting the ongoing transformation and seeing results. In this case, though, the customer is driving the transformation rather than the companies. Customers nowadays demand to view quality information on a specific criterion at all times, regardless of the platform they choose, the region they are in, or the time they browse. As a result, organisations' strategy-making must be guided by the journey of their customers. Firms are required to use the latest and best-in-class technologies in order to provide an unrivalled experience for potential customers. Customer expectations and wants are shifting as a result of the best-in-class firms' digital customer experiences. Amazon, for example, has become a leading example of digital consumer experience. Amazon has grown into a global corporation, focusing on long-term growth by emphasising customer service and harness

PRODUCTION LINKED INCENTIVE SCHEME - MAJOR BOOST TO LOCAL MANUFACTURING

  Considering the National Industrial Classification, there are 24 sub-categories in the Indian manufacturing sector. These categories comprise motor vehicles, beverages, textiles, chemicals, food products, electrical equipment, computer, furniture, and electronic products, among others. It is expected that India's manufacturing sector is anticipated to show strong growth over the past few years. Moreover, the sector's Gross Value Added (GVA) at current prices was estimated at US$ 397.14 billion in FY2020 with 0.3% Y-o-Y growth. In November 2020, the Indian government publicized the "Production Linked Incentive Scheme", worth Rs. 145,980 crores (US$ 19.7 billion) incentives to attract companies to established manufacturing plants in the local market. The production linked incentive will be accessible to 10 sectors: automobile and automobile components, telecom, textiles, drug manufacturing, food, white goods like air conditioners and LEDs, advanced chemistry cell batt

INDUSTRY 4.0 - CURRENT PERSPECTIVES & FUTURE OPPORTUNITIES

 Global industry is rapidly shifting towards implementation of advanced technology in wake of fourth industrial revolution (i.e., Industry 4.0). Industrial sector which comprises of chemicals & materials, automotive & transportation, healthcare, aerospace & defence and information & telecommunication among others are witnessing exponential growth. Technology modernization and disruption is being carried out in many countries which effectively transforms the industrial ecosystem comprising of production, management, and governance. While many organizations may still deny about the impact of Fourth Industrial Revolution on their business, several others are implementing changes and preparing for a future where machine escalating their business smart. Pukka Partners offer a comprehensive study which is focused on the impact of transition to 4.0 Industrial Revolution. The study emphasises upon providing insights on the anticipated shift in terms of infrastructure, industry

AI in the education market will reach $5.80 billion by 2025 at a CAGR of ~45%.”

  “AI and ML (Artificial Intelligence, Machine Learning) are creating havoc in several fields and industries, including education. The global AI in the education market will reach $5.80 billion by 2025 at a CAGR of ~45%.” EdTech has emerged as one of the most important sectors right now, thanks to rapid digitization and the use of technology. The phenomenal growth of this industry has attracted vast amounts of investment and funding from all over the world. Although many people continue to question the use of technology from a young age and the effects it can have on children, the sector continues to expand at a steady rate. Artificial intelligence and machine learning have proven to be extremely useful in this area. Artificial intelligence (AI) and machine learning (ML) are increasingly changing the face of education and altering educational technologies and institutions. The future of education is changing, and in a few years, things will look entirely different. Ed-tech is increasin

eSIM Market to Reach $1.8 Billion by 2026.

  Since its launch back in 2016, the eSIM technology is only rising in popularity. In fact, amidst the pandemic, the eSIM market skyrocketed tremendously. With a current share of 24.6%, it will grow at a CAGR of 28% in the coming years.   The graph is impressive since it was created back in 1991. It has shrunk from credit card size to Nano-SIM, a popular way of using a SIM even today. However, with technological advancements moving faster than light, it will further shrink and somehow vanish altogether. That's what gave birth to eSIM. In layman terms, the physical card will be replaced entirely by a virtual card, eSIM. This is a module built right into the mobile device.  While this might sound like a tiny change, it can completely revolutionize the telecom value chain. Google Pixel 2 became the first smartphone to sport this technology. And now this technology is being used by Apple Watch Series 3. You can expect other industries to follow this trend soon.  At the same time, it is

IOT IN INDUSTRIAL MANUFACTURING: ITS IMPACT AND USE CASES

    “What if you could utilize advanced analytics to anticipate events before they happened, use real-time actionable insights to boost output, and help your operatives know the appropriate decision to take at any given time? Industrial IoT is driving such capabilities enabling unmatched operational efficiency, productivity, and performance like never seen before. Industry experts estimated that the $225 billion IIoT markets will be available by 2020 to create a new age of industrial growth and competitiveness, with a major impact on modern manufacturing, including increased efficiency, improved maintenance, and asset monitoring.” The IoT uses networked sensors and smart devices. It uses these technologies directly onto the production floor, collecting data to promote artificial intelligence and predictive analysis. In a sector that struggled over previous years due to a shortage of skills, the IIoT drives enormous disruptions, offering optimism for the future of the business. IIoT can

MED-TECH TRENDS THAT WILL DOMINATE MOST OF 2022

  Pandemic isn’t ending anytime soon. With the Omicron variant spreading like a fire, the healthcare industry is witnessing an upward trend in med-tech trends. They are growing to either counter or benefit from the pandemic. Clearly, the healthcare industry has to cope with a myriad of challenges like:   Delivery of mass vaccination programs. Dealing with the diminishing workforce.  Increased burden of non-communicable disorders.   These led to an increased reliance on digital transformation to encompass data-driven decision-making. Many believe that the following areas will become the critical drivers of the med-tech revolution and innovation in the coming years.  Sustainability will become more crucial. Digital modalities and other approaches will cut down unnecessary hospital visits, which will eventually help attain sustainability while decreasing carbon footprint.  With digital technologies becoming more prominent in this sector, security will become a subject of growth and intere

WATERPROOF CARBON FIBRE DRONE TECHNOLOGY - A COMPREHENSIVE REVIEW

  “Drones are lightweight aircraft platforms that can be purchased "ready to go" or assembled and customised by the consumer and fitted with integrated sensors, such as cameras or laser scanners, in the sense of conservation and research. Occasionally, the platform is purchased without integrated sensors and then modified to hold sensors for various applications, such as thermal imaging for detecting nocturnal animals or multispectral/hyperspectral sensors for use in plant science. Drones come in a variety of shapes and sizes, and they're made by a variety of companies.” Many models can be configured to fly along ‘waypointed' (GPS-guided) routes for conducting comprehensive aerial surveys, similar to what a piloted survey aircraft would do. Many modern consumer drones have autopilots, which enable non-expert pilots to fly the aircraft because they have excellent control and stability in flight. Drones may have multiple rotors or have a fixed wing. What type of platfor

INDIAN AVIATION MRO RATIONALIZED TAX RATE TO BOOST THE DOMESTIC MRO INDUSTRY

The Aviation Industry has recently seen a beacon of hope, amidst the ongoing global Covid-19 crisis. The maintenance, repair, and overhaul (MRO) segment of the aviation industry is set to get a boost with the recent change in government taxation policy. The Finance Ministry has reduced the Goods and services tax (GST) rate from 18% to 5% with a full input tax credit and also treating MRO services provided to a foreign recipient as part of Indian export. The change in policy decisions was taken in the 39th GST Council Meeting held on March 14, 2021.  The earlier rate of 18% GST, for MRO services in India had adversely affected the domestic MRO industry. High tax rates indirectly incentivized the dependence on imports for MBO services. The current rate of 5% will yield great benefits for the industry. The earlier rate of 18% GST for MRO services was much higher than the GST applicable to airlines at 5% on output services, thus making the cost of 13% unrecoverable. Furtherly, the business

CALCIUM SILICATE AS INSULATION MATERIAL FOR GREEN BUILDINGS

  “Although calcium silicate insulation is lightweight and provides excellent heat insulation, its thermal conductivity increases at high temperatures when radiant heat transfer is more significant. Green Feather Silica Boards, which regulate radiant heat transmission, have very low thermal conductivity even at high temperatures, allowing for significant energy savings and carbon dioxide emissions reductions.” History of Calcium Silicate Around 1950, calcium silicate emerged from older high-temperature thermal insulations such as 85% magnesium carbonate and 100% asbestos insulation. Originally, asbestos fibers were used to enhance calcium silicate insulation. Most North American industries had shifted to glass fiber, plant fibers, cotton linters, or rayon by the end of 1972. Calcium silicate made in North America now contains no asbestos. Asbestos-free calcium silicate was widely used as a replacement material on piping and equipment at oil refineries, petrochemical plants, power plant

WATER-BASED ADHESIVES: FLEXIBLE, DURABLE, AND ECONOMICALLY FEASIBLE SOLUTION FOR INDUSTRIAL ADHESIVE APPLICATIONS

  “Water-based adhesive technology is a type of glue that is favorable to the environment. Water-based adhesives contain no volatile organic compounds (VOCs), making them safe for both people and the environment.” Once the water in the formulation evaporates or absorbs into the substrate, the adhesive forms a bond between the two substrates. They're a common choice for attaching porous substrates because of this procedure. When the water evaporates or is absorbed by the substrates, these adhesives solidify and gain strength. The substrates must be connected while the glue is still wet after it has been applied. Allowing time for some of the water to evaporate before bonding (set time) frequently improves the initial strength of the adhesive bond and allows for faster assembly. Natural and synthetic polymers that dissolve easily in water are used to make these adhesives. They harden as a result of water evaporation or absorption into the porous substrate. They're mostly utilized

PU ELASTOMERS: ONGOING TREND OF REPLACING CONVENTIONAL MATERIALS FOR VARIOUS INDUSTRIES

  The creation of plasticization of PVC by B.F. Goodrich scientists in Akron, Ohio, launched the history of thermoplastic materials in the 1930s. This discovery piqued people's interest in flexible polymers, which led to the development of blends... Have a rubber-like appearance and feel when appropriately manufactured, and bridge the gap between liquid plasticized PVC and typically cured elastomers. As a result, they can be considered the forerunners of today's thermoplastic elastomers. TPEs can be found in several industries Consider how antique washing machines have evolved over the years, with softer curves and more appealing design aspects. The usage of thermoplastic elastomers in product development has resulted in this shift. TPEs are employed in a variety of industries, including consumer goods, industrial, medical, and healthcare, among others. Because TPE goods are generally less expensive than the alternatives and can be recycled, you'll see them replacing materi

DEGRADING QUALITY OF CRUDE OIL: AN OPPORTUNITY FOR FUEL ADDITIVES

  “The petroleum sector is one of the world's largest and plays a critical role in a country's economic growth. However, the exploration and extraction of heavy crude oil have resulted in a slew of environmental issues, as well as heightened anxiety in the communities near oil refineries. Acid rain, climate change, and pollution of soil, water, and air have all been caused by activities such as gas flaring and oil spills, which have resulted in the release of harmful organic and inorganic pollutants, resulting in acid rain, climate change, and contamination of soil, water, and air. These environmental risks have had negative consequences on the ecology, either directly or indirectly.” For generations, heavy oil has been a part of the natural ecosystem. It is a substance thought to have evolved over millions of years as a result of the death and decay of plant and animal remains embedded in shallow sea sediments and later overlaid by a sequence of strata of sedimentary rocks. Th

DRONES WILL REVOLUTIONIZE HEALTHCARE DELIVERY SYSTEMS IN THE FORESEEABLE FUTURE

  Order preparation, inventory management, delivery, patient care! The healthcare industry is undergoing a significant technological evolution right now. Industry 4.0 is paving the way for streamlined and customer-friendly healthcare service offerings once ruled by provider-centric rules and guidelines.  While everyone is quite familiar with big data and artificial intelligence, did you know that drones are also becoming fundamental working tools in this sector? Yes, these Unmanned Aerial Vehicle (UAV) options aren't only helping the security, surveillance, and energy sector, but they are also becoming quite a deal in the healthcare sector. In fact, the SARS-COV-2 outbreak caused quite a hassle concerning drug distribution and sending medical supplies in the areas of distribution. Since then there have been a lot of talks about using this technology to ease and streamline the process.  But how is it revolutionizing healthcare delivery systems? Let's find out below! Drones and T