Magic Leap!

Digital Phone, watch and even I read an article about digital ring some time back.

Didn’t think it can even go beyond that.

Want to know, what’s next? It is Magic Leap. Just Google it and you’ll be amazed to see what you get as the first link.

I just got to know about this amazing technology and couldn’t control myself from sharing it.

It’s rare that a company can stay relatively secretive while raising a huge amount of funding, but Florida’s Magic Leap has managed that. But what is Magic Leap? It’s a question that the startup isn’t answering in details yet.

Magic Leap is combining that inherent visual ability with mobile computing, which will give you a visual output equivalent to when you step outside into the world, but powered by the mobile tech you carry around. It will be a lightweight wearable that merges physical and digital world.

Google is one of the key investors ($542M). Could it also lead to a world just led by Google?

What do you think? What is next now? Will it be successful? Will you be willing to pay any price for it?

http://www.magicleap.com/#/home

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Medical Goes Digital!

I read about a startup called Rx Vault, which aims to provide electronic health record solutions to consumers by digitalising the bulky paper medical files. This will provide access to the patient health records both to the patients as well as the doctors anytime and anywhere. It will also consist of an online platform to connect the doctors and patients virtually where appointments could be booked online.

The first known medical record was developed by Hippocrates, in the fifth century B.C. He prescribed two goals that a medical record should accurately reflect the course of disease and a medical record should indicate the probable cause of disease.

These goals are still appropriate, but electronic health records systems can also provide additional functionality, such as interactive alerts to clinicians, interactive flow sheets, and tailored order sets, all of which cannot be done be done with paper-based systems.

The first EHRs began to appear in the 1960s. “By 1965, Summerfield and Empey reported that at least 73 hospitals and clinical information projects and 28 projects for storage and retrieval of medical documents and other clinically-relevant information were underway.”

These early projects had significant technical and programmatic issues, including non-standard vocabularies and system interfaces, which remain implementation challenges today. But they lead the way, and many of the ideas they pioneered (and some of the technology, such as the MUMPS language) are still used today.

Now these digitalised health records can also be called a platform mediated network, which connects doctors to patients.

I saw a tweet one week back on similar lines. A new startup – Curofy has also got funding through YoungTurks @CNBC.

What do you think should medical be also digitalised in today’s world?

For more information:

• https://www.rxvault.in
• http://www.curofy.com

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Platform Mediated Networks – KINDLE VS BLENDLE

Technology of the Week- Group 39

For the technology of the week, our team (Team 39) decided to compare two players that are examples of platform mediated networks- Amazon Kindle and Blendle. In our two cases, Amazon Kindle and Blendle, we have two distinct groups i.e. the readers and the publishers.

E-book platform Amazon: KINDLE 

The Kindle was first introduced by Amazon Inc. in 2007 and changed the way people read books, newspapers and other written work. A Kindle is an e-reader that allows a user to read published work on a small and easy to use handheld device. The Kindle platform is a perfect example of a so-called two-sided market, connecting readers to publishers

Media platform: BLENDLE

Blendle is a Dutch news aggregator, a combination of a newsstand and social media, where people pay for articles from newspapers and magazines. As a two-sided market, Blendle connects journalists with the readers. Users can then buy articles on the website with the use of an online wallet and read those articles on their desktop, laptop, tablet or smartphone. It is also possible to share articles, comment on them and ‘like’ other user’s comments, as with Facebook and other social media.

KINDLE vs BLENDLE 

Two-Sided Market: While Kindle connects users of books to publishers, Blendle connects readers to journalists and newspaper publishers.

Revenue: Users pay a fixed price to buy the reader device to access Amazon’s online platform, but it can also be accessed via mobile devices. Users pay a small price for each book that they buy in the online shop. Amazon receives a commission on each sold item. For Blendle Users can register and then buy articles on the website with the use of an online wallet and read those articles on their desktop, laptop, tablet or smartphone. To pay for articles, users can transfer money via iDeal, credit card or PayPal to their online Blendle wallet.

Advantages:  Kindle allows users to find and read books they like on a small piece of technology. Customer is able to store many titles on the reader and take them on the go. Good use during holidays. Publisher can easily distribute a new title and reach a large audience. In Blendle, Users can register through their Facebook account, share articles, and comment on them and ‘like’ other user’s comments. Blendle users also get refund for articles they do not like.

Limitations: Kindle does not allow re-sell or to pass along the book that a customer has bought. For Blendle the limitation is that they offer content only in Dutch.

Conclusion:

The likes of platform mediated networks have experienced huge growth in the past decade due to increase in strength of internet and online connectivity. Both Kindle and Blendle have their advantages as they provide a platform to users to access and store their favourite contents online and hassle-free. With increase in number of users shifting to digital reading, both of the platforms show extreme growth potential​.