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CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY

  Many people have been surprised by the spike in interest in crypto-assets. India is projected to have over ten million bitcoin users, with the number rapidly rising. The task is challenging and hard for a wider audience seeking to comprehend this new world and its lingo. This article aims to shed light on a few topics that have received a lot of attention recently: blockchain, a disruptive technology on which these assets are built; the role and adoption of crypto assets for payments; and, finally, the emergence of crypto-assets as a distinct asset class. Blockchain: A Disruptive Technology Blockchain, a distributed ledger system, has evolved as one of the most revolutionary and pervasive technologies of our time over the previous decade. Simply said, blockchain is a distributed network of different users sharing an encrypted digital database. When a transaction takes place on the blockchain, it is broadcast to all network participants, resulting in an unchangeable transaction record

EXCITING INNOVATIONS ASSISTING PEOPLE MANAGE THEIR MENTAL HEALTH CONDITIONS

  Mental health is the talk of the town. Or should I say "talk of the world?" It was something that was talked about under the wraps or "closed doors." However, after the pandemic hit the world quite powerfully, the scale of the mental health crisis escalated by multiple folds. In fact, 2021 was all about "mental health in an unequal world."  The President of "The World Federation for Mental Health," Mr. Dr. Ingrid Daniels, highlighted in this theme the importance of access to mental health services which often remain unequal. In fact, between 75% to 95% of people suffering from mental health issues aren’t able to access proper medical care at all, especially in developing countries.   Usually, the less investment in the mental health sector causes this gap, resulting in a rising number of mental health cases. Is that all? No, there's more! What is it? Let's find out more! Technology And Mental Health Services- What's More? Mental hea

IMPROVE PATIENT ENGAGEMENT BY HUMANIZING TECHNOLOGY IN THIS VIRTUAL HEALTH CARE ERA

  Covid-19 triggered a massive acceleration in the use of virtual health. Surprisingly it was just 11% before the pandemic hit the world in the US alone. And now it skyrocketed to 46% within no time. Providers are scaling offerings, and the number is increasing around 50 to 150 times than what they did before.  It's no more a surprise that virtual health enables continuous and connected care. But more than that, it allows the providers to give their patients access to personalize, accelerate, and augment care offerings. But let's not forget that virtual health isn't just about video visits.  It is helping the healthcare organizations to provide in-person care depending on the resource availability. The idea is to increase: Access to critical health services Clinical outcomes Customer engagement Care coordination  Reduce costs Overall efficiency But if you think only the care services can help you garner attention around virtual health care, you are highly mistaken. Then wha

WEARABLE TECHNOLOGY IS HERE TO STAY: DECODING ITS ENDLESS POSSIBILITIES IN HEALTHCARE!

  The rising share of the aging population and skyrocketing benefits of wearable devices are contributing to the growth of the wearable technology market. In fact, as per a survey, the global leaders are valued at around $116 billion by the end of 2021. Many anticipate that it will reach around USD 265 billion by 2026.  And with the advent of factors like IoT, AR, and machine to machine (M2M), this technology is a growing trend as a part of smart living amongst end-users. As of now, Asia Pacific is leading the regions when it comes to the wearable technology market.  Their importance isn’t just for recording the daily fitness scores. Instead, they are an innovative solution that could help manage a variety of healthcare problems. But the industry is using this technology as a part of preventive healthcare management or as a part of patient/ disease management.  Here’s how it helps healthcare providers be at the top of their game. So, let’s get started! Wearable Technology: Its Role in

EDOT TECHNOLOGIES FOR MEDICATION ADHERENCE ENSURING BETTER HEALTH OUTCOMES

  When you visit a clinic or a hospital, the directions are pretty basic. The doctor diagnoses your health condition and gives the medical prescription that you need to follow. For instance, take one tablet a day for “n” number of days.  It’s that simple! For eons, the providers thought that patients were following these instructions. After all, you can’t keep following your patients around. Keeping an eye on when they are at is simply out of the question. That’s how medication adherence comes into existence. In fact, as per the WHO, it is something related to a person’s behavior concerning the recommendations made by a healthcare provider.  But did you know that patients stop taking medications the moment they think their health is improving? Medication non-adherence or non-compliance is a big problem. In fact, it results in around 10% hospitalizations and approximately a million deaths annually in the US alone. It could cost hundreds of billions of dollars from complications and hosp

CLOUD COMPUTING AND IT IN BFSI SECTOR

  In recent years, cloud computing has gained a lot of traction. Cloud computing, as one of the most important and fast evolving technologies, has enabled a slew of other disruptive technologies, including big data, artificial intelligence, the internet of things (IoT), and others. It has transformed many key banking activities, bringing with it a slew of benefits such as cost savings, usage-based billing, business continuity, agility, interoperability, and safe storage, to name a few. Previously, companies in the BFSI ecosystem were wary about cloud infrastructure, citing worries about privacy, security, regulatory requirements, and the complexity of integrating internal and third-party legacy systems. Financial organizations are aggressively pursuing cloud computing solutions as a result of an increase in banking services such as payment gateways, online transactions, digital wallets, and omnichannel customer service, among others. Why is Cloud Computing Important in BFSI? For an eff

STARTUPS DISRUPTION IN THE GLOBAL CHEMICALS AND MATERIALS INDUSTRY

  Climate change and digital transformation will have significant consequences, with waste plastic becoming the most lucrative feedstock as the chemicals industry struggles to adapt to the circular economy. This will result in a more decentralized sector that will rely on economies of scale more frequently. Simultaneously, digital sales platforms will commoditize personalization, blurring the line between speciality and commodity industries. For decades, the chemical industry has grown faster than the overall economy, and innovation has been a key engine of that expansion. Materials with new performance attributes, new applications, and new solutions have been introduced to the industry's customers—and their customers' customers—through innovation. In a nutshell, industry growth has always been intimately connected to innovation. However, today's need for innovation is stronger than ever before. Governments have set lofty goals for sustainability, greenhouse gas reduction,