AI possesses the capability to make humans realise their roles that are of the utmost value

Have you ever dreamt of a world where machines could perform the tasks that you wanted?

With the technological revolution related to artificial intelligence, this dream can finally turn into a reality. Artificial Intelligence involves machine learning and its ability to think, respond and perform tasks like humans.

Presently, there are thousands of applications that use AI technology to flourish. From Apple to Google, almost every company has its own AI featured technologies.

The implementation of AI in healthcare can lead to some considerable changes. With the ability of huge data storage, AI offers tremendous benefits concerning patient management systems.

Here’s a list of top five ways in which Artificial Intelligence can revolutionize the healthcare and patient management process.

Swift and precise diagnostic tools

With AI, there would be more accurate diagnosis accounts for three-fourths the correct remedy and treatment.

If you’re able to diagnose the disease of the patient, you have accomplished half of the goal. With technology like artificial intelligence, we can use the data storage facilities to achieve the correct diagnosis.

Also Read: SalesCandy’s expansion to 4 Southeast Asian countries prompts new innovations

Not just this, the diagnostic process would be much faster and reliable.

Usually, it takes around two to three days for a normal diagnosis. But using AI, the diagnosis gets faster and more precise.

Eradicates human errors, fully

Being a human, we are bound to make mistakes and healthcare is no exception.

However, by incorporating the high-tech knowledge of artificial intelligence in healthcare, we can prevent such human errors by removing all the emotional disturbances.

AI can fully modify the current healthcare system and mould it into an astonishingly reliable one.

Lesser healthcare service costs and finances

Anything that reduces the cost of the current procedures is ultimately more successful and reliable. With artificial intelligence, the diagnosis and patient treatment become a facile task.

Furthermore, patients can achieve adequate treatment by staying under their comfort zones and homes. AI also reduces the investigation charges that the patient has to pay for the correct diagnosis.

Ultimately, this reduces the cost of healthcare services for the patients. Moreover, AI assistants provide better data storage and management services than humans. Overall, AI in healthcare can achieve even impossible tasks.

Better data storage and management

In the healthcare industry, patient-related data plays a major role in the correct diagnosis and treatment.

Mostly, the reason behind the wrong diagnosis is inadequate data and records. With AI assistance, proper data management and record keeping can be performed.

Not just that, we can also fetch the correct information within seconds.

Also Read: Running a thriving business as a digital nomad

With proper integration of information and storage, the treatment procedure becomes easier. Moreover, this can reduce the mortality rate due to inappropriate healthcare services. AI can make data-driven decisions for the betterment of the patient.

Improved surgical and nursing services

Presently, surgeries can only be performed by specialized surgeons. It requires time, effort and proper qualifications. But, with eloquent AI services and assistance, the surgeries can be performed efficiently.

Robot-Assisted surgeries can make a huge difference in the healthcare industry.

Not just the surgical procedures, AI assistance are also a boon to the nursing services. Virtual nursing assistants are more accurate, attentive and swift. Not only does it reduce human labour, but also leads to higher accuracy in the services.

Overall, Artificial intelligence in healthcare industry possesses the skills to completely transform the patient management. Reduced human labour, fraud detection and cyber-security are guaranteed with AI in healthcare.

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The Singapore-grown SaaS platform for parcel tracking also refreshed its brand and added new features

Parcel Perform, a Singaporean SaaS platform for  parcel tracking announced that it has expanded into Europe with its new office in Germany.

The company partnered with Coureon Logistics, a digital logistics provider for national and international shipping, to offer end-to-end e-commerce logistics management from parcel booking to parcel tracking across multiple carriers.

Along with the expansion, the company also introduces a new feature that includes enhanced real-time reporting to analyse logistics performance and an improved dashboard with more detailed insights and intuitive overview of parcel statuses.

The new feature, the company said, enables e-commerce businesses to improve customer experience, reduce customer service costs, and optimise logistics performance.

“Europe remains an extremely complex continent from a supply chain perspective with a multitude of logistics players across all markets. Our Parcel Perform platform aggregates and standardises logistics data, allowing e-commerce businesses to track, analyse, and predict parcel movements, enabling companies to make sense of their logistics data and better manage their operations.”

“The market for customer experience, personalisation, and tech-enabled logistics management is ripe for growth and we are well-positioned to help companies grow in this area,” says Dr. Arne Jeroschewski, Founder and CEO of Parcel Perform.

Also Read: SalesCandy’s expansion to 4 Southeast Asian countries prompts new innovations

Parcel Perform’s expansion into Europe comes on the heels of momentum for the company as it introduces a global brand refresh along with new logistics intelligence features on its platform.
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The world truly is an oyster for startup founders who are scaling their businesses in overseas markets, and Southeast Asia (SEA) is a hot destination

Home to a population of over 650 million people, Southeast Asia is often heralded as the next big economy. SEA has more than 330 million monthly active and young internet users, making the region incredibly receptive towards new technologies that can potentially disrupt the local ecosystem.

2018 recorded an abundance of investments with US$17.9B recorded funding raised by SEA-based startups and according to Google’s e-Conomy SEA 2018 report, SEA’s digital economy is forecasted to triple in size and reach US$240 billion over the next seven years.

Navigating Southeast Asia’s Diverse Backyard

A growing pipeline of customers and increased revenue generation are often motivations for startups to begin thinking about overseas expansion. The region’s receptiveness towards technology adoption and magnetism for burgeoning capital funding, make it attractive for startups from outside the region to consider expanding into SEA.

While the market opportunity certainly exists for startups to tap into, establishing a sustainable foothold in a new market has its own challenges, particularly in a region as diverse and dynamic as SEA.

Timing

Is the time right for expansion into an overseas market? Does your startup’s product or service solve an existing problem in the market(s) you intend to penetrate and have the necessary product features that are transferable to meet local customer needs? It is not uncommon for startups to have their business offerings validated in their domestic market, yet struggle to replicate this template in a foreign market where the same product-market fit may not exist.

In the case of SEA, a “one size fits all” business model does not translate well. By leveraging on the expertise of local partners in its expansion plans, Grab’s localisation strategy has seen the ride-hailing company grow to become the SEA powerhouse it is today.

Also Read: Boosting the patient management process, one AI step at a time

Grab addresses the needs of the local market by being culturally relevant – in Indonesia, they utilize bikes to cater to the locals’ preferred mode of transportation while in Singapore, they have begun offering pet-friendly rides to meet the needs of the high number of pet owners.

Understanding the local market and your competition

How do you stand against the other players that exist in the market of interest? A startup might have a few hundred thousand users in Australia or Hong Kong, but that level of traction may not be translated in Jakarta or Singapore.

Understanding the number and quality of existing players in the market puts you in a position to think if it is a worthwhile endeavor to invest into the market and the extent of resources required to gain sufficient market share. It is not to say brands offering similar services cannot co-exist; in fact, we see benefits to having healthy competition.

The e-wallet, travel booking and messaging platforms domains are good examples. However international startups need to be able to present a core competency that can deliver a unique set of the value proposition to the intended customers, and which cannot be easily copied or bought.

Financial and operational readiness

Is your startup financially ready to bear the operational costs of scaling into new markets? Unless you have invested market dollars over a reasonable period of time to build your brand presence internationally, your brand equity overseas is negligible.

Resources have to be allocated to build new partnerships, create brand awareness and build a business process that can sustainably support new international business contracts. Collaborations and partnerships with local entrepreneurs and investors who have a better understanding of the market may be useful for startups to lower some of the direct market entry costs and associated risk.

A clear, measurable plan

Do you have a roadmap for success? It is critical for you to be strategic in pacing the growth of your startup and have a clear, measurable roadmap in place before taking the plunge. Uber’s failed entry into the region, where they took an “enter first, think later” approach did not work to their favour.

Although it is nigh impossible to predict market dynamics in its entirety, learning from the successes and failures of incumbents can greatly improve your startup’s odds of success. Anticipating possible risks and drawing up their mitigation measures can fast-track the decision-making process.

Cultural Diversity

Startups must also understand the various government regulations and infrastructure unique to each jurisdiction. The region presents various forms of bureaucratic red tape, legalities, and infrastructure. By understanding the infrastructure that is available or lacking in the markets, startups will be able to develop business models that comply with existing regulations.

Being culturally sensitive to how business is conducted can sometimes be the sole determinant to your startup’s success in the region. To ease the process or validate observations, startups can turn to neutral intermediaries such as government bodies that assist overseas-based startups for support.

Also Read: SaaS parcel tracking platform Parcel Perform lands in Europe

For instance in Singapore, there are initiatives established by the government and private entities such as Austrade’s Landing Pads program, Enterprise Singapore and ICE71 in which startups can participate in to accelerate their entry into the region. Austrade’s Landing Pads program provides later-stage Australian startups with a tailor made residency program that offers business advice and contacts to successfully launch their business in Singapore and the region.

Once international startups make it out of the maze that is SEA, they can reap the immense opportunities that the region offers. By establishing an understanding of the inner workings of the region, they will then be well-positioned to build a foundation for entry into the global market. After all, SEA is the gateway to Asia and the world.

The post Navigating the Southeast Asia Ecosystem: An Essential Guide for International Startups appeared first on e27.

Also, Philippine Digital Asset Exchange raises investment and Singapore Academy of Law launches accelerator programme

BandLab acquires British media brands NME and Uncut — [Press Release]

BandLab, a Singaporean company that wants to build a gigantic collective of music brands, announced today it has acquired NME and Uncut, two British media companies.

NME is a magazine that has been around since 1952 and grew into Britain’s most popular music magazine in the 1970s.

“We’ve been through a lot of change over the last three years, and it’s extremely exciting to have the opportunity to evolve further as a global media brand, while still maintaining the heart of what makes NME truly the NME. We’re here to be a fearless voice in the music scene, shining a light on the biggest acts and best emerging artists – all the things that have made us essential to pop culture for over nearly 70 years,” said NME editor, Charlotte Gunn in a statement.

Uncut is more niche and focusses exclusively on Rock & Roll.

Parcel Perform expands to Europe with launch in Germany — [e27]

Parcel Perform, a Singaporean SaaS platform for parcel tracking announced that it has expanded into Europe with its new office in Germany.

The company partnered with Coureon Logistics, a digital logistics provider for national and international shipping, to offer end-to-end e-commerce logistics management from parcel booking to parcel tracking across multiple carriers.

Along with the expansion, the company also introduces a new feature that includes enhanced real-time reporting to analyse logistics performance and an improved dashboard with more detailed insights and intuitive overview of parcel statuses.

BitMEX Ventures invests in Philippine Digital Asset Exchange — [BlockTribune]

BitMEX Ventures, a VC arm of HDR Global Trading, has invested an undisclosed amount into Philippine Digital Asset Exchange (PDAX), a crypto exchange.

The money will be used to improve the platform so that PDAX can handle a multitude of digital assets. The company is not limited to coins and facilitates trading of commodities, real estate equity and debt securities.

PDAX is licensed by the Philippines Central Bank.

Supahands raises Series A round — [Tech In Asia]

Supahands has closed a Series A financing round led by Patamar Capital and Cradle Seed Ventures, according to Tech In Asia.

Supahands is a Malaysian startup that helps companies integrate machine learning by providing micro-tasks to help facilitate the learning process. It is essentially helping companies outsource a painful data collection process.

Singapore Academy of Law launches accelerator programme — [Business Times]

The Singapore Academy of Law today opened applications for its new accelerator called GLIDE (Global Legal Innovation and Digital Entrepreneurship), according to the Business Times. The accelerator is part of a larger strategic shift within the academy to integrate innovation into the local legal industry.

The programme will last 90 days and is open to any startup with a minimal-viable-product and pilot.

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Photo by Ana Grave on Unsplash

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The energy industry is slanting towards a distributed yet connected future, pun intended

With the digital age comes numerous digital optimization opportunities, be it the Artificial Intelligence (AI), Internet of Things (IoT) or blockchain technology.

Accordingly, utilities are increasing their digital initiatives to stay competitive in the developing energy landscape.

What’s more, the utility associations’ interest in blockchain is rising.

Blockchain’s potential for utilities

In the utility sector, blockchain technology has that potential to enable new methods to manage how energy is secured, distributed and accounted for.

Utilities are testing the potential of blockchain for creating new business models across the world based on micro-transactions enabled by blockchain’s ability to make trust between unknown peers.

These sort of disintermediated transactions develop the possibility of boosting the economic growth by leapfrogging the need to create large-scale centralised infrastructure for tracking commodity-related transaction or asset-related events and process payments.

One possible industry vision for the digital business is for utilities to be a provider of energy sharing economy platform. This platform can be managed by a single entity. In this centralized model platform, the provider is free to use a permission ledger-focused blockchain to track micro-energy transactions as well as orchestrate financial settlement.

This model will help be helpful in easier interaction with the digital distribution platform that is managed by IDNO (Independent Distributed Network Operator) that would validate the technical feasibility of proposed energy trades and calculate delivery charges depending on the congestion prices.

Managing energy exchanges between consumers and prosumers and creating cryptographically verified distributed P2P energy exchange platforms are among the most continuous use-cases assessed in a few early trials across the globe.

Various instances of blockchain’s use in the utility area have been accounted for up until this point.

Notwithstanding, those are in a trial and beginning period. Like this, they are for the most part utilised as signs of business potential or as technology feasibility pilots.

A look beyond the hype

Early adopters must have sensible assumptions regarding what can be picked up by setting out on energy-related blockchain activities. This can, in some cases, be a challenge, particularly as blockchain’s journey continues to be jumbled by hype, inflated expectations, miscomprehension, misinformation, and questionable prompt esteem.

Also Read: Today’s Top Tech News, June 03: BandLab acquires two brands and Parcel Perform lands in Europe

Both the tech media and merchants have fuelled off base assumptions that blockchain is as of now being effectively deployed across the enterprises and that a bigger change is in progress.

This isn’t the case!

Truth to be told, as indicated by Gartner’s 2018 CIO Survey, just a single per cent of CIOs showed any sort of blockchain adoption inside their associations, and just eight per cent of CIOs were in momentary arranging or dynamic experimentation with blockchain.

Even though blockchain’s adoption is in the beginning stage, there’s still a strong indication that there will ultimately be an assortment of approaches to using this technology.

With its promise of transforming transaction streams, better approaches of managing as well as operating distributed assets and operations, blockchain will continue to pick up gain traction in the utility sector.

But, utilities should oppose “fear of missing out” and must initially assess the disruptive nature of blockchain, evaluating whether this technology is promptly required for their organizations or not.

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e27 publishes relevant guest contributions from the community. Share your honest opinions and expert knowledge by submitting your content here.

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