Role of S-Health in Smart Cities

Health is the basic necessity of life. With rise in inflation rate, the cost of health has been rising. According to an article, overall U.S. health costs are still expected to climb 6.5 percent in 2016 which is more than thrice the rate of inflation. Healthcare systems are trying hard to deliver quality care in limited costs. By embracing smart healthcare systems, healthcare organization both in private as well as in public sector can provide cost-effective quality healthcare services with less IT setup costs and reduced risk. Cisco in its recent analysis estimated that hospitals and pharmaceutical companies in private sector realized $67 billion in digital value last year, which is last as 16 percent of what they could have achieved in 2015. Thereby, losing 84 percent, which is $350 billion in potential value.

There is a vast opportunity to create potential revenue through smart health over the next decade. Cisco has already identified 31 smart health use cases with the potential to drive $1.4 trillion in private sector healthcare value from 2015 to 2024. This “value” defines the industry’s ability to serve more patients, improve the quality of care, and reduce healthcare costs.

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What is the Network Architecture of Smart Health Systems?

A cost-effective and quality healthcare information system relies greatly on ability of the system to collect process and interpret the data into useful information so action can be taken. Reduced operational costs, improved quality and efficiency of care, decreased inpatient volume, value-based reimbursement, and improved relationships between clinicians and administrators are some key priorities that should be considered by healthcare providers. Electronic health records, mobile apps, Smart Health and social media are some of the technologies that can help address these concerns.

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Smart Health is an important case in point. It can save money, improve service and also save lives. The Smart Health program at Lucile Packard Children’s Hospital in Palo Alto, California, helps fill the gap in rural areas that have a shortage of pediatric specialists. With high-quality video conferencing, instant access to patient records, and network-connected medical devices, the hospital’s virtual visits provide care for 300 pediatric patients. The hospital is also a part of the Virtual Pediatric Network, which uses advanced collaboration technologies to help physicians across the country work together on difficult cases.

What is the importance of Data Analytics in Smart Health?

Pharmaceutical companies face a different array of issues. Like other manufacturers, they must fend off low-cost competitors, improve supply chain management, and increase production efficiency. To bring new drugs to market faster and more cheaply, they also need to manage all kinds of data more effectively. Data analytics, social media, cloud, and mobility play an essential role in improving customer engagement, developing personalized medicines, collaborating seamlessly with new partners, and reaching new markets.

What are the future challenges of Smart Health?

Some of the biggest sources of digital value are not unique to healthcare. Areas like cyber security, payments, and connected marketing drive 86 percent of Digital Value at Stake. The largest of these categories, next-generation workers, uses many of the same technologies that make Smart Health possible. They can make all healthcare workers more productive, to the tune of $838 billion over the next decade.

To know more about Smart Health Applications in Smart Cities, Security Challenges and Smart Cities Technologies, you can join our Smart Cities Essential Courses here.

The Role of Smart Cities in Global Economy

With the introduction of Internet of Things (IoT), smart city technologies have made a dramatic impact on the prosperity of a region. Based on a global estimation by Cisco, we estimated roughly for Australia that the value of having an IoT infrastructure is worth around $5 trillion dollars to the smart cities. The potential revenue of smart cities depends upon increased efficiency and productivity, as well as reduces costs through the deployment of new technologies.

Smart city plays a vital role in global economy. In order for the societies to maintain the standard of their living and in order to raise the standard of those who have not reached it yet, it is essential to take significant amount of outlay out of the public sector structures that have built over the last 50-70 years, without losing the value that has already been obtained from them.  An over view of smart city verticals distribution in global market is illustrated below in Figure 1.

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 From the economic perspective “smart city” is cost efficient, productive and reliable. With the deployment of IoT, smart cities can get new revenue opportunities but in general they are only a fraction of the overall that can be made. With IoT we can go much farther into such cost savings.

How revenue streams can be generated through smart cities verticals?

Smart cities will be more attractive to people, businesses and investors based upon the potential revenue generated by the smart cities. These cities will be more transparent and responsive towards the needs and requirements of smart businesses and investors. Consequently, in the emerging connected, sharing, digital economy, only smart cities will allow for the creation of new value-added jobs and businesses. From time to time huge number of people moves towards cities. In order to maintain their position among the competitors, cities have to compete with each other for people, businesses and investments. As a result, the truly smart cities will be winners and will be able to attract more investors and businesses.

In regard of smart city industry, no city in the world can claim to be the leading city in this domain. Probably there are thousands of examples in the leading cities around the globe. Specifically in Australia, it has very impressive scores on the board. Most cities around the globe have realized the potential of smart cities in economy, they are now developing strategic smart city plans in order to make economically viable smart city projects, a solid business reality.

What is City-as-a-Service model?

It has been concluded by considering the way people are adapting to smart phones, internet and apps that people are more than ready to live in smart cities. Smart city industry can help in generating commendable gains when we find the right investment and business models that allows us to generate potential revenue streams in a collaborative way between industry and public sector. The foundation of these models should be laid on city-as-a-service models, whereby cities will have to operate their smart city services based on an Operational Expenditure (OPEX) rather than Capital Expenditure (CAPEX) model.

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About Author:

Dr. Hafiz Yasar Lateef – one of the founding members of TelXperts – has several years of experience on Smart Cities and Internet of Things (IoT). He is a Member of IEEE Communications Society and frequently features as a keynote speaker at various international conferences and workshops. His expertise encompass Internet of Things, Big Data Analytics, LTE radio network planning and optimization, Small cells & DAS planning & Optimization, Self-Organizing Networks (SON) and Green cellular networks. Dr. Hafiz Yasar Lateef’s Biography has been featured on Bristol Who’s Who famous personalities registry for his excellent research work in the field of Telecommunication. His work on the areas of MIMO techniques for wireless networks, Green Cellular Networks and Self-Organizing cellular networks have already found their way into telecommunication standards. He has authored and co-authored numerous international journals and conference papers in the field of LTE/LTE-Advanced wireless networks.

Dr. Yasar holds a Doctorate degree in the field of Telecommunications from University of Leeds, UK. He has participated in various international projects on future wireless networks in collaboration with ZTE Corporation, Texas A&M, Politecnico Di Torino Italy, King’s College London, CTTC Spain and CCSR University of Surrey. In the past, he held various roles at ZTE Corporation, University of Leeds, UK, University of Bedfordshire, UK, Qatar University, QMIC and Texas A&M, Curtin University, Australia.