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Tech

It’s hardly news that traditional telecom businesses are in a tight spot. Changing their portfolio or gradually fading away – here are the available alternatives.

The reason for this lies within the explosion of new types of services and new delivery methods. To go straight to the point – if video killed the radio star, the Internet gave few chances to the TV and classic telecommunications. Its own stronger and more ubiquitous relative – the IoT, is the final blow to the old Telco industry.

That is, only if the businesses don’t leverage the situation on their side. Since many of the important players in the field are now already implementing their chosen course change, the “if” became more of a “when”. It is to be expected that all Telco operators that want to stick with this industry will restructure their offers.

 

What does upgrading Telco have to do with software development?

 

“Operators need to create dynamic new business models” – article on the systemic telecoms crisis. The new models “could implement the technologies of deep traffic analysis (DPI), service virtualization that cloud models increasingly use. An important trend is the consolidation of the larger industry players and the saturation of the market”.

Same source continues: “However, telecom has a lot to develop. Free services stimulate the use of more complex tools and such services become sponsored. A good prospect, for example, is M2M services, because inter-machine communication can generate huge amounts of traffic”.

 

IoT demands telecom – software development business partnerships

 

Another ReadWrite article tackles the telecom – IoT relationship alone. Smart, intelligent things own the future. Each of them comes with associated software, applications and online platforms. The big effort is to create an integrated global environment.

The telecom players “should redefine their business strategies, including key offerings around IoT”. Also, moving up the IoT value chain is mandatory, and it starts with better, more in-demand offerings.

In summary, the article we browsed lays down a few guidelines:

– Provide IoT-customized offerings;

– Be prepared to protect the IoT data by using blockchain;

– Find out about “smart contracts” and adopt them asap;

– Use partnership for success and survival (examples are in the source-article).

 

Is your telecom company in need of this type of changes? Looking for the right software consultancy & development partner?

 

Remember that at LASTING Software, we:

…speed up the R&D process, reduce time to revenue and reduce burn rate, enabling you to achieve more with less, faster. We give you the ability to extend your reach into customers for only marginal cost, we enable you to access new revenue streams and allow you to manage contingency without growing headcount.

 

…adapt to your business’s needs:

  • We provide IT consultancy services that involve an initial assessment of your operational needs;
  • Our way of working ranges from fixed-cost projects to time & material projects;
  • The types of collaboration available include extension of the team, feature teams or entirely independent product teams;
  • We listen to your story. This way, we establish the issues to fix, the elements to improve and the best software-related choices;
  • Together, we design a plan that would best serve the requirements, and agree upon the software modules or solutions to implement and design;
  • We adapt the existing software, or develop the new software to suit each individual need.
  • We deliver our product on time. Next, we provide support in the implementation, user training, and post-implementation stages.
  • We value same room collaboration. Nothing surpasses the power of personal collaboration.

 

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LASTING Software’s presence in medical IoT and smart healthcare is extensive. We developed wearable monitoring devices that record vital signs and sleeping habits. We have also developed our own air quality measurement solution. Its multi industry applicability includes this particular field.

Also, we worked on Big Data algorithms and analytics processing that underpin 1000’s of FDA/FMA clinical trials.

Remember that our focus and work style makes us suited to speed up the businesses of:

  • Small and Medium Enterprises
  • Large corporations
  • Investment funds and startups

Our working models include:

  • Our team as an extension of our client’s team
  • Full scrum team in Lasting Software
  • Turnkey project delivery


Allowing smart healthcare to gain traction

Infrastructure limitations, lack of standardization or of regulations often stand in the way of development. Still, things are changing for the better. By finding the right solutions, tech specialists enable digital development in more industries.

For example, one of the reasons digital healthcare (still) evolves at a slow pace consists of cyber security concerns. Thinking of the possibility of hackers accessing someone’s medical data is worrying. Malicious entities could also alter the data, or even manipulate devices that are essential for somebody’s health or life.

The industry looks for ways to reduce such risks. This would also enable the fast take-off of healthcare digital solutions. Some specialists recently considered the adoption of blockchain into mobile health data transmissions. Blockchain would bring enhanced security and privacy into healthcare. It’s one of the perfect candidates when it comes to reliable, smart solutions.

 

Blockchain comes to the rescue in mobile healthcare data management

Blockchain is “a data structure architecture kept consistent by ‘blocks’ stored and maintained by every device connected to the blockchain network (that) are permanent time-stamped transaction records where each block links to the preceding block to create a ledger, allowing users to track and verify all submissions to the system”.

When applying this system to healthcare data, a Chinese team showed that users could manage all personal health data in a more secure way. They would be in charge when it comes to designating the level of access to their data. Healthcare providers and other third parties would have the chosen access level to the data stored on a cloud server.

The ledger system – characteristic to blockchain – would enable efficient data processing and authentication.

This could free healthcare applications from the limitations of data vulnerability. It would definitely speed up the rate of development in this field. The blockchain solution could be one answer to a pressing issue.

 

For extra details on this news, here is the source article.

 

 

 

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The LASTING Software mobile development portfolio and expertise range from delivering cloud-based solutions to dedicated embedded SoC controllers and mobile apps.

Our track record in successful delivery across industries & mobile platforms enables the companies that partner with us to provide best-in-class mobile solutions for their customers.

At LASTING Software our software engineers have created productivity apps, calendars, contacts management apps, games and other types of apps by demand. Our customers’ ideas materialized efficiently and seamlessly with the help of the designated team for each project.

Over 2 million users already use our apps. We can’t wait to hear your idea and gear up for a fantastic launch!

 

Can mobile development even exist nowadays in a separate digital space from the IoT?!

 

In addition to our projects mentioned above, we are experienced in B2B IoT projects, and we always keep an eye on the anticipated next step in mobile IoT development.

In a hyper connected world, it will soon be impossible to separate mobile from IoT. Be it business -destined, or end customer – destined, any viable mobile solution that aims for success is IoT compatible, at least. The big race targets progress and expansion in the hottest segment of this market.

Big tech companies have predicted that in 2018 the driving force for IoT would be the B2B industry. The investments destined to embed IoT capabilities into B2B products would surpass by far the funds associated with the consumer market.  

With the industrial machines coming out of their so-far isolated environments and connecting into platforms and apps, IoT will gain traction even more.

 

The paradox in numbers: less developers than the future demands

 

Looking at the numbers, Forbes signaled in the spring of 2018 that the few existing millions of software developers have to meet the demand for the billions of connected devices in the years to come.

A massive market expansion is at the horizon, the ideas are here, the infrastructure is in progress. The standards and the cyber security solutions adjust to meet the new challenges.

There is a need for more efficient software development to “address the disproportionate growth between devices and developers”. Achieving this “will result in getting IoT devices to market faster”.

In this fast paced, thriving perspective, there is no place for “prolonged development timeframes and work cycles, subpar product quality, or an outright failure of a project”. Organizations also face a critical necessity for “more productive, dynamic and cost-effective” software development.

 

Keep ahead of the competition with the LASTING Software mobile development expertise and skills – we code for the future!  

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Tech

Before seeing what IoMT stands for, we’ll ask you a question. Do you know that LASTING Software developed solutions underpinning 93% percent of the pharmaceutical companies’ trials?

Our company provides fast prototyping, and links your business intelligence to the real world, via connected systems and the cloud. Healthcare solutions are a field we are experienced in. Our solutions are greatly appreciated. They place us right in the middle of the digitization movement that takes place in this industry as we speak.


What is IoMT?

IoMT translates as the Internet of Medical Things, a specialized branch of IoT. It comprises all web-connected medical devices.

Expected to reach $136.8 billion worldwide by 2021, according to this report by Allied Market Research, the IoMT is expanding, with the patient monitoring application segment in lead position.

With scientific & technological advances, such as these smart pills that notify an app whether the patient took them as prescribed or not, the healthcare devices are set for a spectacular growth rate in the short to medium future. Subsequently, so are the apps and software solutions that will collect, process and analyze the resulting big data.

As Forbes put it, “the IoMT can help monitor, inform and notify not only care-givers, but provide healthcare providers with actual data to identify issues before they become critical or to allow for earlier invention”.

A sub-segment of the IoMT consists of pharma IoMT – involving drug development & treatment processes digitization.


The reason for IoMT’s slower evolution

It is well known that the healthcare industry adopts the Internet of Things technologies at a slower pace, compared to other industries. As the certification/approval procedures prove it, each device, software solution, innovation and generally each new piece of technology needs to undergo a thorough process of verification and validation in this industry.

The reason is in fact simple – people’s lives may depend on it. By consequence, there is no place for faulty hardware or software in an industry such as healthcare. Of course, the question of trusting someone’s life entirely to AI is still in its theoretical debate phase. Nevertheless, all products that officially form the IoMT have to successfully pass the trial and certification phases.

Combining the fact that software engineering is now a global activity, with the lower prices-better quality phenomenon, allows for skilled engineers to program efficient hardware in this field. As mentioned above, we are looking forward to a vast increase in the number of medical devices in the next few years.

 

Turning healthcare data into powerful insights

Once collected, the IoMT data holds a vast potential. It’s also Forbes that mentions the “healthcare’s cultural metamorphosis”, in the article we quoted above.  Turning this data into useful insights medical professionals can act upon is the next big step.

Here enter the efficient software solutions. Bringing AI algorithms together with cyber-security features, the healthcare software solutions make sure to link patterns and interpretations with the initial raw information.

It’s a wonderful world of possibilities.

Also, it is a field where discipline, data privacy, efficient work procedures and compliance are all of highest importance. Cost-efficiency in the healthcare software solutions field means working with the best professionals. Providing experience, a customer-minded work style and respecting the commonly agreed procedures are important during the development stage. Going with the cheapest partners may prove costly over time, endangering the solution’s approval or being a potential liability.

Having a rock-solid digital technology foundation lists as one of the best ways of to combat security risks within medical devices.

 

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