Business Approach for IoT based Health Solutions in India with respect to Osterwalder Framework

Internet of Things is an emerging trend that will take existing health care sector to a new dimension. IOT based e-health products like Smart Infusion Pumps, Smart Monitoring, & Health TV will provide the edge over the existing traditional methods used in healthcare sector. The e–Health solutions provided through IoT devices are more accurate and accountable in context of IoT landscape, which provides various challenges along with exciting opportunities in the industry. Healthcare sector is not about just affordability, access & quality but also about financial & social aspects. Therefore, different Business Models have been developed by different enterprises for Transforming Health systems so as to create real time use and impact for the users especially patients, their families & communities where they belongs the centre of care. The main purpose behind every business model is to generate money in terms of profit. It is nothing but an organized structure where a company knows about its key partners, customers, resources, channels & revenue as well as cost structure. This in turns gives a picture about what an enterprise is, what are its strategies, its competitors etc. Better model showcase the enterprise their possibilities, competencies & responsiveness with the customers as well as clients.