In developing country like India, IoT can play a very important role in years to come especially in a post-COVID world which has catapulted the world into another dimension altogether. Following are some of the advantages of using IoT in a developing country like India:
- Less per capita income means a majority of the country has a limited medical budget. IoT can significantly reduce the medical expenses by –
- facilitating doctor appointments online and allow patient monitoring remotely.
- providing mobile medical facilities like pathological testing
- reducing recurrence of health incidents by leveraging alert mechanisms in wearable monitoring tools.
- Due to access to real time information, medical professionals can cut costs by minimizing wastage and improving workflows.
- Real time and accurate information can also empower insurance companies to settle the claims quickly and address grievances easily which in turn reduces overhead costs.
- Developing countries also face unique challenges which can be addressed more efficiently using better feedback and real time inputs from an IoT enabled medical ecosystem.
- Improvement in bureaucratic process like standardization of medical practices, pharmaceutical guidelines and norms.
- Greater population density leads to overburdened health care sector. The burden on the healthcare sector can be reduced by normalizing remote home care, online visitations and mobile medical facilities. Reduced burden will empower the health care sector.
In last few decades, there has been a significant IT boom in developing countries like India, Indonesia, Vietnam and has created an infrastructure which is agile and scalable. This, along with low broadband costs, has made developing countries fertile ground for IoT innovation at a considerably low cost.