Indian Healthcare industry is among those segments, which is smartly using technology to provide benefits to customers as well as the entrepreneurs. One of the hottest sectors currently, carries numerous opportunities for the new generation investors.
Healthcare franchisors are utilizing the disruptive technology in order to provide easier and healthier lifestyle for people.
Opportunities to create smart impact
Healthcare franchisors are using medical equipments with in-built technologies like the Internet of Things(IoT), Artificial Intelligence (AI), and more for solving complex global problems. Entrepreneurs could harness smart technologies like wearables for creating models, which could enhance and evolve the top-class healthcare facilities to the masses.
Dr. BS Ajaikumar, CEO, HealthCare Global Enterprises shares, “A health entrepreneur not only brings a focused approach to his work but also applies his domain expertise which differentiates the business from a system-driven model.”
Harnessing new technologies
With technology emerging as a key component for potential smart healthcare models, the development of smart solutions is generally on the higher side. Franchisors need to learn and understand the opportunity that data science offers, ultimately contributing to the Indian society.
Also, many venture capitalists are observing the healthcare models, to back businesses, offering quality in terms of products and services, both being smart and cost-effective simultaneously.
For healthcare tech, one of the other criteria we like to see is the 10x factor – meaning are they doing something (using AI) that gives a 10x better solution than the current state of the art?” informs Manish Singhal – Founding Partner, Pi Ventures.
