This vendor-written piece has been edited by Executive Networks Media to eliminate product promotion, but readers should note it will likely favour the submitter's approach.
The proliferation of connected devices is transforming the way we interact with each other and with objects around us. While the number of connected devices is already impressive, the key to business success lies in being able to use the data streamed from each device to extract insights that are both practical and intelligible.
Asia is expected to be at the forefront of the connected ecosystem revolution within the next five years, with analyst firm IDC predicting the Internet of Things (IoT) to be a US$678 billion market opportunity for Asia-Pacific, excluding Japan (APEJ).
In fact, in the APEJ region alone, there will be 8.6 billion connected "things"*. Recognizing this opportunity, a number of governments across Asia have pushed ahead with digital economy initiatives that involve connected devices and the Cloud. Many companies in Asia Pacific are taking the initiative to innovate and disrupt their industries with the Cloud.
Digital connectivity is changing how healthcare services are being delivered. Remote areas that lack modern healthcare facilities and experts now have increased access to them. Lifetrack Medical Systems, an innovative healthcare solutions provider based in Manila, is addressing a shortage of radiologists by leveraging advanced cloud computing technologies.
Specifically, Lifetrack Medical Systems pairs resident radiologists with experienced local and international practitioners through the Cloud. Resident radiologists analyze medical scans in a browser-based viewer that supports their assessments with interactive educational content. A senior radiologist then reviews the report and provides comments. This cloud-based approach has greatly accelerated the learning process and raised the standard of resident radiologists.
Location-aware technologies and their sensors in our mobile devices, cars, and the environment have become ubiquitous. But the key to improving location services is data - lots of it. By analyzing data collected about users' preferences, location-based services providers can develop offerings that let them improve customer experiences.
A great example is Grab, the Southeast Asian ride-hailing app. Grab leveraged the Cloud to create and deploy a system that matches customers to the nearest ride. Location-based services also afford Grab's customers a sense of security as the driver is tracked by the system throughout the journey. Using the Cloud enables Grab to manage up to 1.5 million bookings in a day across six countries in South East Asia (Malaysia, Singapore, Indonesia, Philippines, Vietnam and Thailand) and analyze data related to the usage, location and trip experience of both the passengers and drivers to continually improve their customer experience.
In the quest to make financial services available to more people, a new breed of financial-technology companies are tackling the challenge of assessing creditworthiness. Traditionally, individuals who do not have a bank account or credit history will not have receive credit. Lenddo, a provider of credit scores for financial institutions with offices in India and the Philippines, is introducing thousands of new variables, such as social media data, to more accurately assess one's ability to pay. The analysis of vast numbers of data points is enabled by big data analytics, powered by today's most advance Cloud Computing technologies.
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