Not so long ago, banking and other industries, like healthcare, were associated with long lines and wasted lunch breaks. For some people, it still is, though digitalization is steadily changing our banking routine. The industry felt the benefits of tech solutions and their efficiency so the rise of Fintech has no reason to slow down.

Fintech includes all innovative digital solutions aimed at optimizing banking and other financial procedures. Online and mobile banking provides customers with the freedom to manage their funds, bills, and bank accounts whenever they want which became extremely helpful during the COVID-19 pandemic.

Digitalization took over lots of industries thanks to the COVID-19 pandemic and various quarantine restrictions connected to it. The Healthcare industry is one of the most prominent on the digitalization list — and the most challenging. One challenge connected to the development of mobile healthcare apps or software for wearable devices (mHealth) is their need for HIPAA compliance.

HIPAA (meaning Health Insurance Portability and Accountability Act of 1996) governs the management, storage, and transmission of protected health information (PHI). Since September 2013, all the software meant for healthcare has had to follow HIPAA guidelines to ensure compliance.

Not only software…

Telemedicine technology and clinical applications are relatively recent milestones in healthcare digitization that mark a whole new level of healthcare services. Telehealth is a broader term that encompasses non-clinical services like remote patient monitoring or medical personal training.

The sudden outbreak of the COVID-19 pandemic significantly reduced the possibility of hospital visits. Thus, the demand for telemedicine applications for healthcare has increased by many folds. In fact, according to projections by Fortune Business Insights, the telehealth market will reach $560 billion by 2027.

With patients becoming more educated as consumers, their demands and expectations also grow. Namely, 93% of patients

Telehealth apps have become extremely popular lately, as Covid-19 has made people around the world over-concerned with their health. Besides, people have been self-isolating and otherwise trying to reduce the risk of infection, so visiting a doctor has become problematic.

Telemedicine apps have become crucial for disease prevention for millions of people around the world. For example, in the last week of March 2020, there was a 154% increase in telehealth doctor appointments compared with the same period in 2019.

The following chart shows some more breathtaking statistics on telehealth apps and lists some of the key features of telemedicine…

Emerging technologies are rapidly changing industries as we know them, e.g. in healthcare, a well-made tailored doctor appointment booking system can significantly reduce patient waiting time and improve the quality of patient care overall.

The role of healthcare digital capabilities is only growing because of the COVID-19 pandemic. In 2020, according to the Accenture survey, 62% of consumers would choose virtual health and wellness advisories.

There are more benefits to doctor appointment booking systems than just reducing patient wait times and increasing patient satisfaction. According to the extensive research “Appointment Scheduling in Healthcare: Challenges and Opportunities”, appointment scheduling problems can…

Today’s healthcare technology is a mix of systems, databases, devices, applications, and processes. By implementing new information technology into care delivery, learning, patient engagement, management, and other processes, healthcare providers are achieving significant outcomes, such as maximizing operational efficiencies, lowering costs, and staying competitive in the field of nursing care. The ability of all the computer systems to connect, communicate, and share each other’s data with no restrictions as well as to interpret the data similarly is called interoperability.

What is interoperability in healthcare? It means the ability of patients, clinicians, and other individuals involved in healthcare services to quickly…

Thanks to the COVID-19 pandemic, even those who previously didn’t care are now engaged in some basic wellbeing activities. The downside is that gyms are off-limits, but mobile fitness apps successfully come to the rescue and steal the spotlight.

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After covering the benefits of implementing computer technologies in the areas of education, travel, and recently, commerce, we dedicate this post to the growing role of technology in the medical field.

The market of digital healthcare is growing rapidly. It was valued at approximately US$88 billion in 2018 and is expected to exceed US$500 billion by 2025. Over the past decade, the digital health industry funding all over the world has grown almost twenty times. These numbers may be evidence of the profound positive impact of technology in the healthcare industry.

As patients are requiring more…

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The COVID-19 pandemic, while challenging to many businesses and industries, has seemed to be nothing but beneficial to the fitness apps market. Due to quite drastic lifestyle changes, more and more people are concerned about their health, keeping fit, and adopting healthy habits. As a result, health and fitness app downloads grew by 46% between the first and second quarters of 2020.

Originally published at

E-commerce has been driven by the implementation of 4G and 5G technology, the growing adoption of smartphones, social media applications that increase the users’ exposure to online shopping, proliferating small and medium businesses and increasing consumer wealth in developing economies, and other factors. Large enterprises have also been increasingly leaning towards online business. The global e-commerce market size was expected to grow at a compound annual growth rate of 14.7% from 2020 to 2027.

COVID-19 has given e-commerce a major boost. According to the latest Digital Commerce 360 analysis, in 2020, consumers spent 861.12 billion dollars


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