Entering the digital health market
The global digital health market is expected to grow exponentially over the next five to seven years, up to EUR 220 billion by 2020*.
In Digital Health, we are entering the market through our acquisition of Withings with a portfolio of premium, intuitive products designed to inspire the individual to take control of their own health.
Our digital health strategy focuses on the segments fueling the most significant growth:
1) connected devices that go beyond trackers and smart watches to include scales and blood pressure monitors
2) remote patient monitoring.
Connected devices empower individuals to take control of their own health through a portfolio of beautifully designed, medical-grade products that integrate seamlessly into daily life. The data generated by these products can then feed powerful research to produce insights that benefit the wellbeing of society as a whole, so that people can live longer, healthier, and happier lives with their families. We publish anonymized data from our research to create shared knowledge and a source of information for researchers, the medical profession, and other stakeholders.
We see the biggest opportunity to impact health globally in the management and prevention of chronic conditions such as hypertension and heart disease, which are the leading cause of death globally.
In the future, we see opportunities to scale globally by building on the powerful reach of the Nokia brand, expanding into corporate wellness, and assessing opportunities to transition into business-to-business health care, in areas such as remote patient monitoring.
Making cities smart, safe, and sustainable
There are many drivers for making urban areas “smart(er),” and no two implementation paths are the same. Municipalities around the globe are deploying a wide variety of innovative services and applications to streamline their own operations and to change the urban experience for city dwellers and travelers. In an attempt to bring some order to the smart city universe, Machina Research has grouped their projects and activities under the headings “smart,” “safe,” and “sustainable”.
‘Smart’ cities use advanced technology and the Internet of Things to make people’s lives more comfortable and convenient and deliver applications that support innovation, economic and social development — making cities more attractive places to live, visit and do business.
The availability of high-quality and high-speed fixed and mobile data connectivity allows cities to better communicate, interact and innovate — making them more competitive and innovative. As shown by PricewaterhouseCoopers, for every euro spent on broadband infrastructure, 14 euros can be generated for the local economy.
According to research firm Markets and Markets, the IoT market for smart cities and manufacturing will reach USD 161 billion by 2020. The markets will grow as manufacturing companies use IoT to improve productivity in the production process and the supply chain, and as cities with growing populations use IoT to improve operational efficiency, maintain and protect their infrastructure, and operate in a more sustainable manner.
The smart way to save resources and cost
According to The United Nations World Water Development Report 2016, estimates indicate that about 30% of global water abstraction is lost through leakage. Wireless sensor networks can monitor water flows and provide significant savings in water loss, as well as detect and localize water leakage for immediate mitigation. With our technology and solutions, we aim to help authorities control pressure and optimize water pumping throughout the distribution system; provide predictive maintenance of pipes, pumps, and other infrastructure, monitor water quality to ensure safety, and enable smart water metering, by extending the scope of the wireless signal to locations where the water pipe enters the basement of buildings.
Promoting Public Safety
The public safety community has long called for mobile broadband to support its mission to save lives. With the adoption of LTE mobile broadband technology, public safety networks can benefit from the advantages of fast and reliable broadband data and real-time video services, opening up new communications possibilities for rescue missions and disaster recovery situations. Public safety customers require a variety of solutions, ranging from robust broadband infrastructure to rapidly deployable systems for disaster recovery and temporary coverage. In October 2016, for example, we announced we would support MRC Foundation field trial for next-generation mission-critical wireless communication systems.
Nokia is matching the high-availability, security and quality needs of public safety agencies with a comprehensive portfolio of technology solutions, applications, network management, and services expertise.
*Sources: Finn Market Research March 2016 (US market), Machina Research October 2016
Find out more
Chattanooga is the world’s first municipality to demonstrate 4K video streaming over a metropolitan network. The optical network is powered by Nokia and owned by the Electric Power Board (EPB)