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  • Future Of Wearable Health Monitor Post Pandemic

    The COVID-19 has alarmed the health and fitness of the people of every country. This pandemic has now pointed towards the healthcare sector, which is now facing a big problem. Due to this pandemic, the people are now more concern about their health and fitness. This will indirectly going to point on the rise in the IoT technologies in the healthcare sector. Let us see the complete report on- future of wearable health monitor post pandemic.

    Statistics of IoT in Healthcare domain

    There are no. of statistical reports available on the internet which provides you the background story of the fitness bands and we provide you the summarized statistical report on the same domain but also including the use of IoT in the healthcare sector. This report is made with the help of the Becker’s hospital review

    • Nearly three-fifths of healthcare providers in this sector uses the IoT devices in their institutions for better and instant health tracking.
    • 73 % of facilities in the healthcare sector takes the help of the Iot devices to monitor their patients.
    • 89 % of the facilities in the healthcare sector have suffered from a security breach in their respective systems.
    • 87 % of organizations in the healthcare sector are planning to implement the IoT enabled services in their facilities by 2019.
    • Organizations in the healthcare sector feel that IoT has saved expanses up to 57 % for all their facilities provided by them.

    After looking the present statistics in this domain, the Internet of Things (IoT) Healthcare market is now valued at USD 82.3 Billion in 2015 and is projected to reach USD 534.3  billion by 2025, growing at a CAGR of 24.1% over the forecast period.

    Also Read: How To Stay Productive Amid Pandemic

    Features of a Fitness Band

    1) Alerts and Tracking

    The IoT devices in the healthcare sector are providing the facility of real-time tracking. It is one of the crucial feature in the healthcare devices which plays an important role whenever there is a  life-threatening circumstances present in front of us. The IoT devices in this case helps by gathering the vital data and transfer it to your respective doctors which can act as an on-time alerts which become quite critical. Also, these mobile applications and IoT devices can also send notifications regarding a patient’s critical conditions irrespective of place, time with the help of a single app integrated with it.

    2) Analysis and Data Assortment

    IoT devices in the healthcare sector are integrated with the other high-end technologies which help these devices in collecting the data and then report and analyze the data in real-time. This real time analyzation of data helps in storing the important data only. So, this helps in storing the crucial data on the cloud and other sources which used to be a hectic problem with the raw data.

    3) Reporting and Monitoring

    The IoT connected devices makes it easy for doctors and physicians to monitor patients’ health with the help of the modern devices and refined data. This is so much beneficial that the real-time monitoring can save lives in a medical emergency like diabetic attacks, heart failure, asthma attacks, etc.

    The smart medical device connected to the smartphone app, collects the medical and other required health data without disturbing you in your work. These IoT devices collect and transfer health data like-  blood pressure, oxygen, and blood sugar levels, weight, and ECGs and many more.

    Also Read: Impact On The E-Commerce Due To Global Lockdown

    Untouchable Band- A band to tackle COVID-19

    Untouchable band is one of the latest band, which came into existence in the market during the corona virus pandemic. Basically, it is a band specially made for the COVID-19 i.e. it is the special band which will help you get rid of unconscious habits of touching your face. This band will help you in training your mind by giving a mild vibrations whenever you touch your face at any moment of time. This band also helps in changing you many other behaviours like nail biting, hair pulling, thumb sucking and many other. This band will help you to get rid of the habits which are spreading disease around the world. This fitness band comes with a feature which will note down your body temperature continuously.

    Other fitness wearables

    The world of fitness wearables has now started to get recognition in the fitness industry. They have now become an essential part of every individual during their routine workout. Some of the interesting examples are:

    1) Smart Shoes

    This fitness wearable has the same functions as a fitness band, but its USP is just focusing on running, walking, jogging and many other related which are to your legs. A chips is fitted in the pair of shoes which can track the usual data such as distance and speed, and can calculate calories burned and many others which is done by all the smart bands in terms of fitness. One of the best thing about this fitness wearable is that they also make suggestions about, what should be the running style and how you can improve your technique for better output.

    2) Smart clothes

    This fitness wearable is just like a leggings or a socks that can track your movement during yoga or any movement to improve performance. This category of fitness wearable also consist of a sports bra which consist of inbuilt heart rate monitor. Later in the coming years, such type of more fitness wearables can be seen in the market for every specific workouts giving you the precise statistics about your body moment and your body health.

    3) E-skin

    This tech is in its very early days, but e-skin is basically Lycra-style clothing, filled with sensors that handle the work of many fitness wearables at once. For example, Xenoma launched an e-skin prototype in collaboration with Hugo Boss, specifically designed to track your activity during a golf game.

  • The Rise Of Video Conferencing Platforms During COVID-19

    The COVID-19 pandemic has adversely affected the market and economies of all the countries. This pandemic has now become a problem for all types of businesses. Growth outlooks for many economic sectors have been slashed due to this COVID-19 pandemic. The present situation is such that the petroleum, chemical, and gas industry are one of those who have seen losses and negative response during this pandemic. Many experts are also predicting that, there might be end of the airline industry post pandemic. The pandemic has banned the travel due to global lockdown. This has limited the reach of the enterprises in the foreign market and this has now leading to the adoption of video conferencing software. Companies are now adopting an alternative for the recruitment process by engaging on video conferences. Let us see the complete report on the rise of video conferencing platforms during COVID-19.

    Present scenario of video conferencing platform

    video conferencing

    The business conferencing apps are having their best time as they are now experiencing record growth in terms of downloads and their usage. This has now resulted as a biggest hit in the week of March. The stats says that these apps has topped with around 62 million downloads during the week of March 14-21 which was the initial period of global lockdown.

    The statistics also reflects the rise of video conferencing platforms during COVID-19 and this shows the jump in business conferencing app downloads to about 62 million across IOS’s App Store and Google’s Play Store earlier in March was up 45% from just the prior week. It was also the highest growth among any category across the app stores that week, the report said. And it was up 90% from the weekly average of business app downloads in 2019.

    The rise of video conferencing platforms during COVID-19 in the category is due to the global lockdown due to which, the companies have now shifted on the video conferencing platforms like Zoom Cloud Meetings, Google’s Hangouts Meet and Microsoft’s Teams. Zoom app has topped the charts, having the maximum engagement worldwide in the month of February and March, and till now getting the highest engagement with maximum numbers of downloads. These countries include U.S., U.K. and some in Europe.

    Also Read: Top 10 Best Video Conferencing Tools for Businesses

    The benefits of video conferencing platforms

    1) Providing users with convenience

    Due to video conferencing platforms there is no need to travel for any meeting with the colleagues or clients. This can also help in setting virtual office anywhere in the whole world. The video conferencing platforms helps you to connect quickly with the colleagues with the help of a internet connection. This helps the user to connect seamlessly with individuals situated in different time zones outside of standard work hours, while doing so from the comfort of their homes.

    2) Saving time and money

    Travel use to be the ultimate source of a good business relationships but, the travel can consume large chunks from your time and budget which can have a bad effect on your savings. Now, the video conferencing platform has provided an alternative of making relations by travelling. This can help you to gain the time and budget which use to get used as a travelling expense. So, the video conferencing platform can provide you the benefit of extra time, attention and investment.

    3) Recording tools

    The video conferencing platforms provides you the facility of recording. Example:- Zoom, allow for meetings to be recorded. Recordings can help to catch all the important points of your, which you missed while attending. This feature can also work as a proof for any type of mistake done in the meeting so that, it can be rectified in the future itself.

    Also Read: Alternatives to Zoom App while Working Remotely

    Conclusion

    According to Fortune Business Insights, the global video conferencing market reached $3.02 billion in 2018. Now, it is projected to double by 2026 with an estimated projection of $6.37 billion. That would exhibit a compound annual growth rate of 9.8% during the forecast period. This statistics shows the upcoming rise in video conferencing platform in the upcoming period of time.

  • Rise of e-learning sector during COVID-19

    The online education is getting a great response. Since, all the schools and colleges are temporarily closed due to the global lockdown, there is a significant rise in the demand of online courses and platforms. Even the schools and colleges are also trying to shift their classes on their online platform in order to continue the process of learning and not to hamper the studies of the students. Let us see the whole case study of rise of e-learning sector during COVID-19.

    Statistics of different countries on the status of e-learning

    E-learning platform

    In India, any online learning platforms are offering free access to their services which includes platforms like BYJU’S, which is now the world’s most highly valued Edtech Company and India’s unicorn platform providing services in the e-learning category. While giving the interview, the COO of the company shared the information that; From the day of announcing the free live classes on its Think and Learn app, BYJU’s has seen a 200% increase in the number of new students using its product which lead to rise of e-learning business in the e-learning sector.

    In China, after looking to the pandemic, the Chinese govt. gave the instruction for the full-time students to resume their studies through online platforms. So, taking the initiative, the Tencent classroom started working in this field. As a result, China is able to see the largest “online movement” in the history of education with approximately and so, about 730000 or 81% of students, attending classes via the Tencent K-12 Online School in Wuhan.

    All this gives a great information about the rise in the e-learning solution in the situation of global pandemic. This rise in the e-learning will also help in the upcoming post pandemic where schools and colleges will able to shift themselves on the online platform so that, they should not get any problem if such situation comes in the upcoming future time period.

    Also Read: Google India launches ‘YouTube Learning Destination’ to Teach Students From Home

    Opinion behind the future of e-learning?

    The online education or the e-learning system has now become a new point for debate. There are two groups in the society having a different opinion for the online education. They are:-

    Opinion 1) The first set of group believes that the unplanned and rapid move to online learning – with no training, and little preparation – will result in a poor user experience and will lead to the poor growth in their respective field.

    Opinion 2) The second set of group believe that a new hybrid model of education will emerge as a best source of gaining the knowledge in their respective field. This is because of the fact that today, we are leading to an era of digital world. So, this initiative will be giving a significant benefits in the future itself.

    Also Read: This is how you can Launch your Online Course to Earn lots of Money

    The challenges of e-learning

    There is always a demerit of every merit source and this online education also has its own challenges which is to overcome. In this case, the upcoming challenge is the internet. Some students without good connection of internet access and without the good internet connection, the technology struggles to work perfectly with digital learning. Example for this case is:-

    According to a survey 95% of students in Switzerland, Norway, and Austria have a computer which can be used for their school or college work but on the other hand only 34% of students in Indonesia have an access of computer for their work.

    Also Read: Notebook – An Edtech Company that is Making Learning Engaging and Fun

    Effectiveness of e-learning

    According to a survey students retain 25-60% more material when learning online as compared to classroom study which helps them in retaining about 8-10% only. This can have many reasons like students can learn at their own pace or reading 2-3 times repetitively by going back and re-reading or choosing their own topics which they like to read or study. These reasons are the main reason behind the faster learning of the students. A fact tells that e-learning requires 40-60% less time to learn than in a traditional classroom setting.

  • Impact On The E-Commerce Due To Global Lockdown

    The e-commerce businesses are one of the businesses which have seen a great ups and downs in the period of global lockdown. The e-commerce business has now become a great necessity in this present situation where we are dealing with such a great solution. Let us see a complete report of the impact on the e-commerce due to global lockdown in this pandemic situation.

    Present situation of lockdown on e-commerce businesses

    As all the countries accepted the global lockdown, the govt. and the people of different countries made social distancing as a new norm. Due to all this, the consumers (consumer) turned to online shopping in order to complete their daily needs. Now some of the facts from different sources provides us a mix information regarding the e-commerce.

    • Situation No. 1) This lockdown has increased the online sales by 52% year on year with an 8.8% increase in online shoppers. So, in this case, the lockdown has become the blessing in disguise for online retailers.
    • Situation No. 2) About 50% of the retailers have witnessed a downward shift in their online traffic on their portal since this pandemic has come into existence. Also, around 65% of retailers have not witnessed any kind of shifts to their e-Commerce stores or platform since this pandemic has come into existence in their country. In this case, the lockdown has become a big problem which, at this moment is not giving any chance of earning a basic amount for their livelihood.

    The two facts are showing a mixed picture for the e-Commerce sector, showing a partial good situation and partial situation of tension.

    Positive side of lockdown for the E-Commerce Industry

    • The e-Commerce sector has calculated a great rise in pharmaceutical product  purchases due to corona virus pandemic with the use of e-commerce facilities. This includes the basic items i.e. (protection essentials) like masks, gloves and personal hygiene products like hand sanitizers, antibacterial sprays, etc. According to some analysis, online pharma stores have registered a whopping increase of about 800% in their purchases due to this pandemic.
    • The online sales of medicines have been increased significantly after seeing the spread of this outbreak. People are generally looking for medicines for cold, cough and flu, keeping a small amount of backup at their houses. Online purchases of medicines have increased by at least 200% from the time this pandemic has entered in the country.
    • The people are ordering from online pantry to meet in the case of worst-case scenario. The food items have seen a jump of around 70% in their sales, whereas, shelf-stable items like oatmeal, rice and pasta sales grew by 58%.

    Also Read: How Big Basket Became India’s Largest Online Grocer

    Negative side of lockdownfor the E-Commerce Industry

    • COVID-19 has affected shopping patterns across the globe. It has also changed consumer behavior or in other words the buying habits. The present situation is that the consumers have shifted their focus to meet their survival needs. They are focused on getting the essentials in this problematic period. This has brought down the demand for other products in this period where there is no proper business.
    • Production and supply of goods have created a fear of a spread of coronavirus. Factory production has completely stopped due to compete global lockdown and distribution channels are busy in supplying the essentials according to the present need of time. And, governments have restricted movements, which have created a big problem for the delivery boys.

    Also Read: Flipkart – Bringing Products at Your Fingertips

    How to revive your e-commerce business

    1. Constant Touch with Customers

    Your e-Commerce shouldn’t be dead during this problematic situation. You can be in constant touch with your potential and regular customers. You can send notifications to customers in the form of Push Notifications, SMS, and emails reminding them how much you care for them and how much important, they are for you. You can send messages like Resuming Supply Soon or Let Us Help You, which can show that their health is more important for you.

    2. Regular Updates from Distributors/Suppliers

    The distribution and supply chain has been in a very dramatic condition right now. Al though the authorities are making their level best to maintain the efficiency of supply chains but, the virus fears have slowed down the speed of every service including the delivery services. So, remain in touch with your suppliers and get to know when they will be starting the delivery of other goods.

    3. Work on your own Mobile App

    A study says that the average time spent by each user on smartphone has increased in the COVID-19 outbreak. So, give your online store a whole new avatar by transforming it into a mobile app. Get in touch with a mobile app development company which can help you in achieving this plan.

  • Cryptocurrency and Blockchain: How can it change India?

    The world is evolving at an expeditious speed, so is the world of money and business. The up to the minute development is money in the form of cryptocurrency. A cryptocurrency is a form of digital or virtual currency created to work as a medium of exchange. Cryptography is used to carry out and verify transactions. The creation of new units of a particular cryptocurrency is also controlled. Collectively, cryptocurrencies are finite entries in a database that no one can modify unless specific conditions are fulfilled.

    Introduction
    Market Size and Overview
    Scope of Cryptocurrency
    Growth and Future of Cryptocurrency in India
    Conclusion

    Introduction

    Blockchain is irrefutably an inspired invention – originated from a person or group of people known by the alias, Satoshi Nakamoto. In the easiest way, blockchain can be understood as a time-stamped series of inflexible records of data that is managed by a cluster of computers rather than any single entity, every single block of data is secured and bound to each other using cryptographic principles. This forms a blockchain.

    Market Size and Overview

    Bitcoin holds the paramount supremacy in the cryptocurrency market with around 45% of market share & a massive market capitalization of $142.2 Billions  (Rs  9.25  Trillion).  Altcoins, is the term used for other cryptocurrencies which includes other 1550 currencies that are traded.

    India’s crawl into the cryptocurrency market coincided with 2017’s massive spike in prices, when 1 Bitcoin became worth $20,000 in valuation. The immense popularity and massive movement, caught the attention of the Reserve Bank of India (RBI) and the government, leading to an official warning in December 2017, with the then Finance Minister Arun Jaitley confirming that the government did not see Bitcoin, or any other cryptocurrency, as legal tender.

    Soon after the dazzling start, came the downfall. From a whooping 15,000 units per day towards the end of 2017, cryptocurrency trade in India lost almost 90% hitting a mere 1,500 units as of March 2018.

    The individual values of such currencies also perished. Bitcoin, the most famous virtual currency, rose from $1,000 a unit at the start of 2017 to over $20,000 by the year end ripped off back to below $8,000.

    Also Read: Recent Trends Fueling Investment in the Indian Market

    The investor sector took the hardest hit. The top e-currency exchanges of India who were shaking hands with around 2,00,000 and 3,00,000 investors a month; came down to around 50,000 maximum.

    But, to everyone’s wonder, Bitcoin made a profit over 44% in value nearly 16 months RBI banned virtual currencies.In July, 2018, Bitcoin was at $6,541.79 which rose upto $9,450.68 in October 2019, securing a rise of 44.47% during the period.

    Scope of Cryptocurrency

    Even after the initial slowdown in India, cryptocurrency is now back in the ring. Demonetization strengthened people’s faith  in virtual currency

    The cryptocurrency market is estimated to rise upto USD 1.40 billion by the year 2024, at a CAGR of 6.18% during the forecast duration. It has become a new favourite of  entrepreneurs, SMEs, start-ups, are taking an interest in cryptocurrency due to its revolutionary concept to counter transactional conformity.Owing to factors like safety and reliability, the scheme attracts extensive venture funding, partnerships , collaborations, and amongst cryptocurrency solutions providers to provide end-to-end solutions.

    The Indian market has about1548 cryptocurrencies which are currently functional in the market as an alternative to Bitcoin.

    For a country like India, where everything is weighed on a scale of monetary worth, the only way to beat cash is to make a currency that is more worth than cash.

    Other than that, native companies know more about the Indian consumer mindset than anyone else. The only way crypto economy can be established, is letting the population step into game, with a crypto exchange and a wallet. This would prove to be humongous difference for the blockchain community.

    Also Read: What is algorithmic trading?

    Growth and Future of Cryptocurrency in India

    India underwent a relationship of sorts with blockchain. On the one hand, the Indian government has shown tremendous inclination towards blockchain technology, initiating government-sponsored blockchain projects in nearly half the Indian states.

    At the same time, the government has displayed amounts of indecision towards cryptocurrency, it wanted to control its growth by enabling measures for the same.
    As per recent reports, the adoption of bitcoin might see a significant boost in 2020. According to research company Arcane Research, Bitcoin trading volumes have increased more than 100% in just a week’s time.

    In the report given on the 9th of January, the company states that the 7-day average for Bitcoin rocketed upto 126% in 2020’s first week. $1.5 billion were traded just on the 8th of January.This is a huge development, considering that only $192 million was traded on Jan 1.

    The governments and the central banks might be more affectionate to digital currencies, taking the demand to a new zenith. The cryptocurrency market alters everyday, with new currencies in the game proving to be more profitable than the existing. According to crypto traders, Bitcoin would climb to a new peak of $20,000 in early 2020.

    Conclusion

    Despite India’s curious stance, there is a ray of cautious optimism towards the cryptocurrency domain. Positive regulations by the government  seems to be gathering significant momentum, and most experts are convinced that India won’t be saying goodbye to cryptocurrencies anytime soon.

    India is undergoing an economic slowdown, and cryptocurrency can effectively help. The blockchain domain has seen a tremendous rise in the number of jobs, other than jobs it can help in attracting new foreign venture capital investments into Indian startups, evidently, the total amount of funds raised globally in ICOs in 2019 is over $346 million. It can also offer the opportunity to bank the massive 300M+ unbanked people in India.

    It can be assumed that cryptocurrency is here to shine, so as a developing nation rather than taking a step back we might as well consider a progressive approach to a sector that is nascent, growing multitudes and has transformational potential.

  • Virtual and Augmented reality and its impact on India

    In the 21st century, technology is everywhere, its replacing blackboards in the classsrooms, paper models in projects, videogame controllers to VR headsets, it has brought the pokemons from our television screens to the floor in our house. All of this has been made possible using AR and VR which stand for Augmented and Virtual reality respectively.

    The technology which supplants your surroundings completely, takes you to a new environment altogether, irrespective of your physical location is called virtual reality. This is now popularly being used in apps and gaming.The variety of locations you might end up using VR is endless.

    Virtual reality overlaps your vision, augmented reality is addition of elements to the same vision.The technology enables hassle free movement while projecting images over whatever you look at. This opens new avenues for apps.Dedicated AR headsets like the HoloLens, enable you to virtually keep different apps as floating windows around you, effectively giving you the instant Ironman vibe of instantly modular multi-monitor computing setup.

    Apart from the gaming and app scenario, education is another sector throttling on the above technologies. Be it skill-building programmes in colleges, real-world technical training and learning of abstract concepts in schools. The shift from the traditional methods to experimental learning has driven the markets of these new age technologies.

    Market Overview and size
    Scope of Augmented and Virtual Reality
    Growth and Future of AR/VR
    Conclusion

    Market Overview and size

    About 200 startups have emerged in the AR/VR space. The top 15 AR/VR start-ups have collectively raised under $3 million in funding. Entertainment, manufacturing and healthcare are expected to be prominent shareholders in the AR/VR market by 2020.

    TechSci released a report recently, named “India Augmented Reality and Virtual Reality Market By Product Type, By End-user, Competition Forecast and Opportunities, 2011 – 2021”,as per the report the markets for AR and VR in India are estimated to record a CAGR of 55.3% during 2016 – 2021. Growing ratification of AR & VR based products such as head-up display, head-mounted display, etc., are being used in sectors of defense, automotive, consumer electronics, etc. These are believed to direct the growth in the country’s AR & VR market.

    The Indian gaming market was over US$ 501 million in 2015 and it is projected to cross US$ 792 million by 2021. Globally, from 2013 to 2017, the AR segment has managed to  receive $2.5 billion in funding, and VR $2.7 billion.

    The defense industry was the largest benefactor of AR & VR products in 2015 , given to the rise in use of head-mounted display for training purpose, and head-up displays for displaying various pessential parameters like aircraft speed, altitude, horizon line, etc.

    Also Read: Curating top-notch technology advancements to create a better world!

    Scope of Augmented and Virtual Reality

    Despite the humble beginnings, the emerging Indian AR/VR market is expected to rise at a rate of CAGR 76% over the next five years, fuelled by demand from business and consumer sectors.

    Defence, education, healthcare, gaming, real estate  and e-commerce industry are the major shareholders in the domain, the future looks promising when one imagines the limitless possibilities of making use of AR/VR in the above industries.

    The increase in the defence budget of the country is expected to further boost adoption of AR & VR based products over the next five years. Also, use of VR in the e-commerce industry shows tremendous scope as this particular industry has been on a growing graph for years. AR embedded luxury cars are also another source of growth for the AR and VR based products.

    The productivity of AR/VR with US, the UK and China, tightens hope for India , considering the healthcare and manufacturing sectors prominently, where intricate hands-on work is needed while surgeries or  machine work. These can be made more efficient by wearing AR/VR headsets to provide free flow of real-time information, images and analytics.

    -A Delhi-based start-up, Scanta has worked on AR technology-based marketing solutions using Apple’s ARKit, to enable brands to interact creatively with customers through the use of mobile apps.
    -ShilpMIS, a start-up in Surat provides VR experiences, apps, 360-degree videos, interactive holograms to be used in real-estate sector. Their clients include Mercedes Benz and The Advantage Raheja Group.
    -Another Delhi-based start-up Smartivity sells AR enabled STEM (science, technology, engineering, maths)-based educational content kits in the form of toys etc.

    Also Read: Facilitating the Establishment of Digital Footprints for Companies

    Growth and Future of AR/VR

    The AR/VR industry in India is at a thriving stage. With the number of start-ups growing and big players like Google, Facebook stepping into the industry, it can be expected that the future is full of opportunities.

    With brands looking for means to give the consumer an experience of their products rather than the bare details, there might be only a few exceptions to companies not seeking assistance in the AR/VR technologies.

    The increasing understanding of the significance of interactive user engagement to cut across the clutter, AR & VR experiences could be more of a necessity than a trend.

    According to reports, the markets for these technologies are expected to grow at an estimate of 6.5 billion by 2022.

    NASSCOM published a report stating  that the advent of 4G and high speed data communications have become key drivers for adoption of VR/ AR. With 5G and above technologies in the line to be applied, one can only imagine the humongous growth this sector can achieve.

    Conclusion

    The opportunities in the augmented and virtual reality industries are ever growing. Education, defence and healthcare can majorly be benefitted from the efficiency and real time environments that these technologies can provide. The future scope of these advancements can bring more prospects beneficial for the consumer. It would be an interesting show to observe how the pioneering competitors like Facebook, Google, Amazon make use of the technologies to prove their extent of creativity and  amazing user experience.