Listening to Heart Beats is Now Lucrative Business
- By CDOTrends editors
- October 22, 2018
Medical experts will soon follow your every heartbeat soon.
Thanks to M800 Ltd’s upcoming heart monitoring device, medical practitioners will listen into their patient's heartbeat from anywhere. When there is an anomaly, the IoT device will send notifications in real time.
The company is also launching a new Communication SDK Suite, allowing developers to create new health care products and services.
The new product launch highlights M800’s ambitions to enter a highly lucrative and competitive market. McKinsey estimated that 127 new devices connect to the internet every second globally, while Machina Research predicted the connected health market would reach USD 36 billion by 2024.
“We see enormous potential for IoT in health care as the technology is entering a more practical and mature stage. With our long track record in developing industry-leading solutions in the telecom, mobile and software industry, the M800 Communication SDK Suite is well positioned to support businesses who are attempting to harness IoT technology to enhance patient monitoring and health care support,” said Steven Yap, co-founder, chairman, and chief executive officer at M800 Limited.
M800 unveiled the new device as part of its greater IoT strategy at the recent GITEX Technology Week 2018 in Dubai.
The device already won the 2017 IoT Evolution Product of the Year and the Best New Product of the Year in the category of Software - Platform as a Service, at the 2017 Stevie International Business Awards.
The firm is also partnering with some OEMs and other IoT producers from various industries to develop IoT devices for other uses, including the recently launched smart wearables for children, smart cars, smart security cameras and smart set-top boxes.
The IoT heart monitoring device shared the spotlight with M800’s liveConnect platform at the event.
liveConnect is a cloud-based customer support platform that firms can instantly deploy for any existing website and app. It will deliver instant messages and facilitate phone calls, both on-net and off-net, and allow firms to get closer to their customers.