Generative AI in Healthcare: A New Era for Patient Care

Sundew
6 min.read
November 11th, 2024
Technology

The concept of AI is not new and has already been used to predict outcomes and detect diseases earlier. However, generative AI in healthcare introduces a new layer of capability.

Generative AI is creating a lot of buzz in healthcare, and it’s easy to see why.

It is reshaping healthcare by enhancing both diagnosis and treatment. In the meantime, it is also helping destress the healthcare system, making services more personalized and efficient.

The Potential Of Generative AI in Healthcare

Generative AI shows strong potential in addressing key healthcare challenges such as administrative burdens, diagnostic delays, and limited personalization.

Its effectiveness is most evident in low-risk, repetitive tasks, where it can safely learn from historical data to identify patterns and support decision-making. As the technology matures, its ability to streamline workflows, generate insights, and enhance care delivery becomes increasingly evident.

These capabilities are now being translated into real-world use cases that improve efficiency and patient outcomes.

The Potential Of Generative AI in Healthcare

Challenges that can be solved by Generative AI in Healthcare Industry

The healthcare sector is under immense pressure, grappling with major issues like:

Workflow Inefficiencies and Resource Shortages: Outdated processes and limited availability of staff and equipment lead to bottlenecks in care delivery.
Clinician Burnout: Long hours, administrative burdens, and high-stress environments are leading to increased mental and physical exhaustion among medical staff.
Worsening Health Outcomes: Delays in diagnosis, fragmented care, and lack of personalization are contributing to suboptimal patient outcomes.
Workforce Training and Interoperability Issues: The rapid pace of technological change makes it difficult to keep staff adequately trained, while disconnected systems hinder smooth data exchange.
Data Security and Regulatory Compliance: Protecting sensitive patient data while adhering to complex regulations remains a persistent challenge for healthcare institutions.
High Operational Costs and Low Profit Margins: Administrative overhead, redundant processes, and poor resource allocation contribute to unsustainable cost structures. Plus, rising costs and inefficiencies across systems are eroding profitability for healthcare organizations, especially smaller providers.

These issues are especially observed in underserved areas and call for a renewed commitment to genuine care and trust in healthcare practices.

Use Cases of Generative AI in Healthcare Industry

So, how can Generative AI make a difference?

While natural language processing (NLP) and machine learning (ML) have already made strides in healthcare, generative AI takes these to the next level.

Here are some of the most practical applications of generative AI in healthcare today that are making the cut for a new era of patient care.

Accurate and Faster Diagnoses

AI models can sift through massive amounts of medical data. This can uncover patterns and anomalies that human clinicians may overlook.

In radiology, this technology excels at detecting tumors, fractures, and infections with impressive accuracy. This facilitates providing faster and more reliable diagnoses.

Generative AI in healthcare diagnostics is also advancing the field of medical imaging. It can enhance image quality and resolution by processing large datasets of radiological images. This can create highly detailed, high-fidelity visuals that enable more precise diagnoses and earlier detection of medical conditions. This will ultimately improve overall patient care.

Advancing Disease Prediction and Prevention with Generative AI

Generative AI models can assess the likelihood of specific conditions developing by leveraging a wide range of patient data. This encompasses genetic profiles to lifestyle choices. With this advanced forecasting, doctors can intervene earlier.

Taking preventive measures can help reduce or even prevent the onset of diseases. This can ultimately help patients avoid or delay the onset of diseases and improve their overall health trajectory.

Accurate Drug Development

Instead of the traditional, lengthy development timelines, pharmaceutical companies can now use AI to predict, simulate, and optimize drug candidates with remarkable speed and precision.

Here’s how:

Predictive Compound Analysis: AI models can rapidly predict how compounds will interact with biological targets, significantly reducing the need for time-consuming laboratory testing.
Novel Drug Candidate Generation: Generative AI helps design entirely new chemical compounds and molecular structures by identifying hidden patterns in disease markers.
Accelerated Screening and Safety Testing: These transformative technologies allow faster identification of viable drug candidates. At the same time, it simulates potential side effects, interactions, and safety risks, cutting down early-stage development timelines.
Faster Market Access with Personalized Medicine: AI in personalized medicine is transforming drug development for complex diseases like Alzheimer’s and Parkinson’s. It does so by forecasting effective molecular structures and streamlining the entire discovery pipeline, making AI-powered medical treatment more accessible and faster.

A real-world breakthrough example is Insilico Medicine’s AI-designed drug, INS018_055. It is developed to treat idiopathic pulmonary fibrosis and has already entered human clinical trials.

More Efficient Clinical Trials

Generative AI is transforming clinical trials by accelerating processes, improving accuracy, and enhancing predictive capabilities. By analyzing vast patient datasets and medical records, AI-driven systems generate real-time insights that support more precise diagnoses and tailored AI-powered medical treatment plans with:

Data-Driven Patient Simulation: AI models are trained on massive datasets, from past clinical trials to real-world case studies, allowing them to generate digital twins of patients. These simulated representations help researchers test various hypotheses without needing large physical cohorts.
Forecasting Disease Progression: Generative models can predict how a participant’s condition might evolve without the experimental treatment. This counterfactual forecasting provides a robust control scenario, which is especially valuable in trials with limited participants.
Enhanced Trial Confidence: By simulating untreated outcomes, AI increases confidence in results from small-scale or early-phase trials. This leads to better decision-making about whether to advance a treatment to larger phases.
Iterative Learning and Optimization: Just like other machine learning models, generative AI goes through an iterative training process—repeatedly feeding data through algorithms until the model reliably performs tasks like outcome prediction or patient matching.
Faster Hypothesis Testing: Researchers can use AI-generated patient profiles to quickly test multiple trial scenarios virtually, reducing the time and resources spent on designing and executing real-world trials.
Reduction in Placebo Use: With digital twins simulating untreated outcomes, there's potential to minimize the number of patients assigned to placebo groups, making trials more ethical and appealing to participants.

Personalized Treatment Plans

By analyzing a patient's genetic information, medical history, and lifestyle factors, AI can create customized treatment plans that are tailored to the individual. This precision helps maximize the effectiveness of treatments while minimizing potential side effects.

Generative AI in healthcare is particularly impactful in fields like oncology. It can design targeted therapies based on a comprehensive analysis of patient data. This, as a result, will lead to more effective cancer treatments with fewer side effects.

This shift towards personalized care is bringing digital transformation in healthcare by changing how treatments are developed and delivered. It's a great way to ensure each patient receives the most suitable and effective interventions.

Advanced Patient Monitoring

AI is transforming patient monitoring by offering continuous, real-time analysis of lab data and patient vitals.

Wearable devices powered by AI can instantly detect irregularities and notify healthcare providers. This allows for swift, proactive interventions and enhances patient care. Catching potential health issues early and ensuring that medical teams can respond promptly will prevent complications and improve overall outcomes.

Robotic Surgery with AI Assistance

With AI’s ability to process and interpret vast amounts of data instantly, it supports surgeons in making critical decisions. This ensures greater accuracy and minimizes the margin for error.

This AI assistance allows for more delicate and minimally invasive surgeries. Its result is a reduction in patient recovery times and a lower risk of complications. Combining human expertise with AI-driven technology, robotic surgery delivers reliability, safety, and efficiency. As a result, patients can enjoy improved outcomes and faster healing. Integrating robotic processes in surgery is making even the most complex operations more manageable and effective.

Customer Service and Experience

Delivering a seamless and personalized patient experience is a growing priority in modern healthcare. With AI-powered tools, healthcare providers are enhancing customer service touchpoints, from initial contact to post-care follow-ups.

Here’s how:

Digital Frontdoor for Self-Service: AI-powered virtual assistants and chatbots serve as the first point of contact, enabling patients to schedule appointments, check symptoms, find answers to common questions, and navigate healthcare services, quickly and independently.
In-Hospital Engagement: Within hospitals, AI enhances real-time engagement through tools like smart kiosks, bedside devices, and healthcare mobile apps. These solutions offer wayfinding support, multilingual assistance, and personalized health tips.
Contact Center Co-Pilot: AI acts as a real-time assistant for support agents by providing response suggestions, summarizing patient queries, and automating documentation. This leads to faster resolutions, improved consistency in communication, and a more efficient contact center experience for both patients and staff.

Audit and Compliance

In a highly regulated industry like healthcare, maintaining compliance and conducting thorough audits is critical, but often complex and time-consuming. AI introduces automation, intelligence, and foresight to streamline the entire audit and compliance lifecycle.

Proactive Compliance Monitoring: AI continuously scans operational, clinical, and administrative data to detect inconsistencies or deviations from regulatory norms. This allows organizations to uncover compliance gaps early, minimizing risk and maintaining audit readiness.
Intelligent Risk Detection: Predictive AI models raise preventive alerts for actions or trends that may lead to violations. These early warnings empower teams to act swiftly, correcting courses before issues become full-blown compliance failures.
AI-Driven Forensic Analysis: Digital forensics powered by AI helps investigate irregularities by analyzing vast datasets, tracking digital footprints, and uncovering hidden patterns. This enhances the depth and speed of audits, supporting transparent and thorough investigations when needed.

Balancing Innovation and Risk: The Future of Generative AI in Healthcare

The future of generative AI in healthcare industry hinges on balancing innovation with risk. While its potential to improve patient outcomes, efficiency, and cost savings is vast, successful adoption requires thoughtful evaluation and expert guidance.

Organizations must invest in clean, unbiased, and privacy-compliant data, as AI outcomes are only as good as the data they’re built on. With the right foundation and strategic implementation, generative AI can ease clinician workloads, streamline operations, and truly transform healthcare delivery.

Want to know how generative AI can benefit your healthcare organization?

Sundew’s team of experts can help you garner strategies for integrating generative AI in healthcare.

Connect with us today for a consultation.

Thoughts and Trends
Across Our Focus Areas

Blog

How To Create a Digital Transformation That Lasts

Technological advancements and economic trends drive the business world's dynamic and constant evolution. To stay viable in this fast-paced business environment, the need for digital transformation has become more relevant than ever. The rise of new-age technologies like Artificial Intelligence, Web3, and Metaverse has made the message loud and clear.The rapidly changing digital landscape has made digital transformation one of the top corporate agendas for the past few years, with no signs of slowing down. The Google Trends search volume also indicates that businesses should focus more on digital change to gain a distinctive edge in this cut-throat competition.Deploying next-gen technologies at scale continuously helps them create value and respond better to market changes. While digital transformation seems exciting, most businesses feel overwhelmed and need help figuring out where to start. This article is a comprehensive guide to starting your transformation journey through a planned and holistic approach while identifying the key challenges. Furthermore, considering the budget and time constraints, it is ideal to outsource it to an experienced digital transformation company to make the transition efficient and smoother.What exactly is the Digital Transformation Process?Digital transformation implies companies utilizing modern and cutting-edge technologies to modify business processes or create new processes to drive fundamental changes. The benefits? Improved customer experiences, enhanced business efficiency, reduced costs, and better business agility.Digital transformation refers to adopting new-age technologies and redefining business processes to stay competitive and relevant. For most business entities, digitization necessitates a shift from conventional thinking to a more collaborative and experimental business approach.Why is Digital Transformation necessary?Digital transformation drives positive changes in the organization's operating model, workflows, and cultures. Accelerated digital change by embedding advanced technologies helps a business outpace its peers and stay ahead of the curve. So, tech investments such as Artificial Intelligence, data analytics, machine learning, and cloud computing are the need of the hour.To simplify further, we list the five most prominent reasons for your organization's digital transformation strategy.Automating workflowsArtificial Intelligence and Machine Learning can help automate repetitive manual tasks and accelerate the work process. AI is an automation technology that trains machines to imitate human-like intelligence. AI-powered tools continuously learn and update themselves to act and produce responses like humans.Improved efficiency and productivityLeading-edge technologies like AI, ML, and cloud migration streamline business operations and reduce inefficiencies, boosting productivity.Encourages competitivenessEmbracing new technologies helps an organization adapt to rapid market changes and lead the market with novel offerings.Data-driven insightsData analytics tools can help businesses predict and identify market trends and make informed decisions. You can move beyond instincts and guesswork and make business-critical decisions based on concrete insights and data on past customer behaviors and trends.Enhanced customer experienceBy introducing technical innovation, you can personalize customer experience, offer tailored solutions, and elevate customer satisfaction. If you are still deciding whether technology adoption should be on your priority list now, here is Statista's latest report to clarify your thoughts. As of 2023, more than 92% of the global digital transformation leaders, both small and large, have adopted cloud technologies. The second most popular adopted technology is Big Data analytics, followed by the Internet of Things (IoT) and Robotic Process Automation (RPA).Source: StatistaDigital Learning Curve - The Three Phases of TransformationBefore beginning the transformation journey, every business must walk through the digital learning curve comprising three distinct phases - modernization, enterprise-wide transformation, and new business creation, to ensure a successful transformation. Let's get into their details one by one.Step 1: ModernizationAs the name implies, modernization implies digitizing existing business processes or workflows to make them more efficient and user-friendly. One example is creating a mobile application for your customers or introducing new touchpoints for self-service to drive conversions faster. Furthermore, automating HR processes through an easy-to-use employee portal modernizes the employee experience and simplifies HR operations.Step 2 - Enterprise-wide TransformationThis stage primarily involves a company's fundamental shifts in the value propositions, mainly how it operates and competes. Enterprise-wide digital transformational efforts aim to improve existing processes and introduce new processes while aligning with traditional silos.Real-world examples are Adobe and Microsoft, which offer digital subscriptions to their software applications instead of CD-ROMs.Step 3 - New Business CreationStep three is about expanding or scaling your business and opening new revenue streams. It could involve integrating big data analytics to forecast market trends and patterns to optimize business performance or shifting to a new business model using new tech-driven strategies.Transitioning from traditional operations to new ones is challenging, but with the right kind of leadership, a business can rethink its boundaries and push itself to new limits.Four Areas of Digital TransformationA successful digital transformation opens doors to significant growth and expansion while enhancing customer experience that was previously thought impossible, especially for small and mid-sized businesses. However, with proper planning, digital transformation strategy, and execution, this type of transformation is easy to achieve.There are four key areas that you need to consider to give your business a digital change.Process TransformationProcess transformation is a thorough assessment of your existing business processes or systems to identify the prime areas for improvement and find better ways to address the challenges. This transformation aims to boost the company's efficiency and streamline operations by integrating emerging technologies.Planning new result-oriented strategies, establishing baseline metrics, and mapping out the best-case scenario are three fundamental steps in process transformation. Following this roadmap can bring drastic changes and modernize your business processes quickly.Business Model TransformationTechnology-enabled business models create new customers' value propositions and generate new market opportunities. Simply put, a business transformation redefines how an organization operates and delivers customer value. The process involves adapting to market changes, encouraging competitiveness, and enhancing performance. Take the case of leading brands with platform-based business models like Amazon and Uber. They are leveraging digital technologies to connect buyers and sellers or service providers and create new marketplaces for higher revenue generation.Domain TransformationDomain transformation works when there is any area in your business that receives less attention yet holds enormous potential to create new business value. Implementing new technologies and redefining those areas of services or products results in a domain transformation, opening up new growth opportunities. The best example here is the launch of Amazon Web Services (AWS) by top online retailer Amazon, using which it entered a whole new market domain. AWS's reliable and cost-effective cloud services have made it the world's largest cloud infrastructure service provider in today's time.Organization or Cultural Digital TransformationA successful digital transformation is more than just implementing new technologies, modernizing work processes, and redesigning products. It includes acceptance by the organization's culture to align perfectly with its internal values and cultures. Negative repercussions might result in slow technology adoption and loss of productivity and, thus, revenue. So, what do you need to do? While venturing into your digital transformation journey, you make a collaborative and comprehensive effort to smoothly shift your organization's culture to comprehend, advance, and adopt technology transformation. 7 Keys Steps To Creating A Lasting Digital TransformationDigital transformation is not a cakewalk! It is a challenging process that requires time to show results. However, with the correct attitude, planning, and implementation, technological change can be brought about and evolved along with the process.So, here's a rundown of the steps to creating an ideal transformation plan.Identify your ObjectivesAs we already discussed, digital transformation can affect four areas of an organization. So, first, pinpoint the exact areas that need special attention and set specific goals for business transformation. Identifying your transformation objectives will help you develop an efficient plan of action. Any business plan works on two pillars: a mission to define its purpose and a vision to steer the path it serves. When the answers to these questions are clear, you are all set to go!Reevaluate your Existing StrategyYou already have a business strategy that states your core functions, goals, and mission for the next few years. But is it still relevant, given the fast-paced evolution of the digital landscape? You need to reevaluate your existing strategy and see whether it is still right in place. Carefully review your existing model, challenge it, and make way for innovative and advanced transformation to boost productivity and efficiency.Focus on Customer NeedsThe ultimate goal behind digital change is to enhance customer experience. To do this, you need to rethink your customer value proposition, figure out how to add more value to your customers and reach a broader market. Considering customer requirements first plays a critical role in driving the business transformation's success. Digital interactions through effective user management and communication channels improve customer experience with products or services. For instance, IoT sensors for washing machines allow users to remotely adjust water temperature and be notified when a cycle finishes.Set up a New Business ProcessPursuing digital transformation efforts is difficult with the old or existing business strategy. Hence, plan and develop a new business model that aligns with your transformation needs.To achieve long-term success, your business process must be in sync with your digital business transformation goals.Choose Technology that Transformation RequiresDigital transformation is only possible with digital technology adoption. So, the next thing you need to do is identify what technologies you need to integrate into your business process to achieve your goals. It could be anything, from cloud computing to artificial intelligence and data analytics to blockchain. Whether you want to streamline operations or stir up business workflows by gauging time and cost, choose the technologies that fit perfectly with the requirements and meet the organization's standards.Execute your Business PlanThis is the phase when you are ready to put your intent plan into action after completing all the preparatory steps. Also, once you have all the technology infrastructure you need, you can jumpstart your transformation process. Remember, it is not a one-day task. It comprises several stages, each of which may take weeks or even months. Most importantly, follow a collaborative approach in which every team member comes together to evaluate progress, analyze problems, and find ways to address them.Keep Space for AgilitySustaining your transformation model for the future is essential to continue reaping its benefits later. Strategic planning and adaptation to changing business environments are necessary to ensure high performance and successful results in the upcoming years. During the transformation, your business can face challenges that might give a setback or get opportunities that will drive its success. In both scenarios, you need to learn from the lessons that you can use later to create foolproof business strategies for the future.The Bottom LineThe path of transformation is not a race you must finish in a single stretch. It is an incremental process involving several stages, and it is natural for businesses to face obstacles or challenges for the first time. However, this should not refrain from embracing the idea of transformation and continuing with the age-old process.Digital transformation takes time, but the results are certainly worth waiting for. If you focus on the right digital transformation technologies, have the best team, and have a perfect long-term vision, results will follow automatically. Once you master the skill of digital transformation strategy and identify the channels through which you need to put them into practice, there is no looking back. Looking to embark on a digital transformation journey?Our expertise in digital transformation ensures a seamless transition, enhances end-user experience, and keeps pace with the ever-changing market landscape. We have successfully transformed esteemed digital brands like Liberty Homeguard, P.C Chandra Jewellers, and Grid. Backed by over 17 years of hands-on experience and twenty prestigious global awards, Sundew is your go-to partner for all your tech aspirations.

Blog

Upcoming digital transformation trends in real estate

The global real estate market is estimated to have reached US$ 7,063 billion in 2022, and the IMARC Group predicts that this market will exhibit a CAGR of 1.8% from 2023 to 2028, reaching US$ 7,954 billion by 2028.The advent of spring marks the beginning of the busiest season in real estate. Most buyers initiate their search by going through the listings available online. Consequently, despite being slow to adopt digitization, real estate is currently poised for a massive technological transformation. This is predicted to help this industry overcome upcoming cyclical headwinds and steer it toward long-term growth with profitability.The need to stay relevant and aligned with changing market trends drives the real estate sector to evolve and adapt to new paradigms. Staying ahead of the competition is imperative. Adopting disruptive digital technologies and leveraging data analytics are the only ways to achieve it. Other reasons that justify the need for digital transformation in real estate include increasing global audience outreach, changing customer demands, improving operational efficiency, streamlining organization structure, and achieving cost efficiency.The inroads made by AI technology into real estate have already made this sector lucrative for investors and customers. It has also increased the productivity of people associated with it, like real estate employees, agents, and brokers. Enhanced adoption of the latest transformative technologies will amplify them and add on a few more.Deloitte's latest report on real estate lists six key expected outcomes of real-estate digital transformation. They are:Elevated, frictionless customer experienceEmpowered employeesUnique personalized relationshipsData analytics-based decisionsTech-enabled processesOn-demand deliveriesThese key outcomes, once accomplished, will help foster growth through meaningful interactions and collaborations.Data AnalyticsUser activities online leave a digital footprint or data trail. With an exponentially growing customer base looking for online convenience in real estate, Big Data generation is an obvious outcome. Traditionally, the real estate industry has only used data for transactional purposes and to determine the value of a property.Now data is analyzed to help buyers, realtors, brokers, and agents optimize their operations by gaining better market insights into trends capable of influencing future consumer behavior. Further, Data Analytics can streamline associated workflows for property listings and help people make informed decisions on critical real estate metrics like property value, its physical attributes, and rental rates.It can also enhance real estate investment portfolio management by identifying niche audience segments and targeting potential customers with concentrated sales and marketing efforts. Buyers can now calculate investment ROI to understand the feasibility of their real-estate investment. This enhances buyer confidence. Other benefits include proactive implementation of risk management efforts by identifying potential vulnerabilities from the data analysis of past transactions.Data Analytics will have a significant influence on current and future real estate transactions. From lead generation to workflow efficiency and reporting, data analytics will help unlock new potential levels for all aspects of the real estate industry. Virtual ToursTypically, buyers visit at least 5 to 7 houses before zeroing in on one. While physical tours are time-consuming, virtual tours are time-efficient. A virtual tour is a comprehensive “3D walk” through a property put up for sale. Accomplished with just a few clicks by using technologies like AR and VR, potential buyers can view properties irrespective of their location, making the whole process convenient and easy.A Goldman Sachs research predicts that the market for VR in real estate alone will generate approximately $2.6 billion by 2025. Real estate virtual tours typically start with giving buyers virtual directions to reach the property. They unlock the front doors virtually and walk through the property to better understand its layout, size, and features. No agents or appointments are required. Buyers can even decorate the homes virtually.Virtual tours make for an interactive and engaging experience. Buyers can make immediate decisions, and realtors and brokers can capitalize on this to enhance cost-effective conversions.Real-time tracking softwareConventional legacy systems cannot cater to the growing demands of this sector. Several aspects of real estate need real-time tracking, like agent output, transactions, and customer relations. Implementing ERP or Enterprise Resource Planning software is already driving real estate digitization in a big way.Real-time tracking will enhance its significance by improving transactional data management and streamlining deal closing with smart contracts and eSignatures. The resultant seamlessness achieved will augment the buyer-seller relationship. Other benefits include improved efficiency in monitoring property listings, generating leads, and augmenting transactional accuracy.BlockchainTraditionally, the real estate industry has been plagued by transactional fraud. Adopting disruptive blockchain technology can reduce instances of fraud by providing a host of safe options like better data accessibility, zero intermediaries, enhanced process transparency, reduced business costs and risks. In addition, it will empower buyers and realtors to close deals quickly and securely. Statista reports forecast the worldwide spending on blockchain solutions to grow from $4.5 billion in 2020 to about $1.9 billion by 2024.The viability of this forecast is evident from the benefits that blockchain technology usage will bring to the real estate industry. For example, by creating an immutable ledger of all transactions, blockchain technology makes it easy to track property ownership and transfers. Encryption and decentralized record-keeping make this technology resistant to tampering and fraud. This will further help to enhance the security of these transactions. Intelligent chatbotsReal estate witnesses a relatively higher number of customer interactions and can benefit significantly from integrating this technology. AI-powered chatbots can augment the efforts of live agents by enhancing lead generation, building customer profiles, answering customer queries, resolving customer issues, and scheduling virtual property viewing.Automating repetitive tasks will help free-up live real estate agents so they can focus on other complex and important tasks like formulating marketing and sales strategies. The need for customer service staff is also greatly reduced, leading to a decrease in the company’s operational cost.Additionally, Chatbots can add value to real estate customer service with their round-the-clock availability, real-time, ultra-fast, personalized customer engagement, and excellent time management.ProptechShort for property technology, proptechs are touted to be real estate technology drivers and disruption power centers. They rely on information technology to help buyers and realtors research properties, match buyer needs with available listings, and buy, sell, rent, and manage real estate.Even though a relatively new development in real estate, its rapid acceptability is powered by the convergence of technologies associated with digital transformation and the cloud. Proptechs will benefit this industry by minimizing individual transaction costs and resources, maximizing efficiency and accessibility, saving time, and customizing property management.  Space-as-a-concept(SpaaS)At its core, SpaaS deals with helping corporates create upgradable and adaptable office spaces aligned with their evolving needs. It proactively enhances productivity by transforming experiences within an organization’s real estate portfolio. This concept challenges the norm of conventional asset ownership by offering physical space access monetization as a service. Corporates save on operational costs by paying only for the area currently in use. ConclusionWith technology playing an integral role in enhancing the efficiency of the real estate industry, all processes from property search to financing will become streamlined and frictionless. Taking advantage of the trends mentioned above will be a major competitive differentiator.

Blog

A Few Merits & Demerits of WordPress for Your Business

In case you own a business, it’s imperative for you to have a website for the same in order to withstand the competition and to grow your business. But how to actually create a website in the first place? If you do not have any clue about the intricacies of the same, you will have a lot of queries in your mind, which is natural! You might think which platform to use to create one and even if you have an old website, you might need to know the ways of revamping it for escalating your business growth and to make sure that it doesn’t become obsolete in the coming months.There are numerous platforms available on the web which will promise you to provide free websites for your business. However, you must always choose the right one and WordPress is the most common of all. In order to create a website on WordPress, you need to get in touch with a website development company or individual developers who specialise in WordPress website creation. However, before you do so, you must learn the merits and demerits of having a WordPress website for your business.But before that, here are a few facts about WordPress:1. More than 75 million websites depend on WordPress.2. WordPress powers 23% of the entire websites, almost.3. In WordPress, there are more than 45,000 plugins.Now, here are a few advantages of using WordPress platform:1. It’s Open-Source: The best part of WordPress is that it’s an open –source platform which means that the developers can make use of the code written or used already without modifying the same or having to start from the beginning. This is quite a relief, isn’t it? Also, there are large communities of developers available for WordPress and they can share codes among themselves thereby saving the time for writing new ones and implementing the same.2. It’s Easy to Operate: Websites need to be refurbished occasionally to be on track with the technological advancements happening over the web. So, to do this in your WordPress website, you do not need to get in touch with designers or developers to modify your website. This is because you can make all the changes yourself without having to write a single code. This will save you a lot of time as well as money!3. It’s Simple with Higher Usability: With other frameworks, you will need to have some kind of understanding of the technicalities and knowledge but this isn’t true for WordPress. Even with zero technical background, you can still use it and that too, quite effortlessly. So, with WordPress, there’s no need to be aware of the programming languages like PHP, HTML, CSS, and so on.Here are a few demerits of WordPress:1. It’s Open-Source: An advantage can also be a disadvantage at times! So, when we said that it’s open-source and hence, it doesn’t need any code, it can also be a reason for your website’s downfall. It is being used widely and therefore, is an easy target for the hackers. Your website can be vulnerable to cyber-attacks as the code that you would have used for your website can be written by someone else and so, there can be a possibility of your website carrying malicious bugs which can hinder its overall functionalities.2. Excessive Plugins: Usually, plugins are meant for enhancing the functionality of a website but too many plugins can work differently as well! Too many plugins can also affect the overall performance of your website and make it slower with a decreased response time. Hence, it’s better to refrain from using such plugins and with every new update, try and uninstall the ones which are not in use anymore.3. Decreased Speed of the Website: As the WordPress websites need numerous generic codes and plugins for uniting the several functionalities into the website, the website is more likely to respond slowly and the loading time can also get decreased. So, when users will find that your website isn’t responding well to their command, they might consider going for other alternatives!4. Security is what matters: As the most popular CMS for websites WordPress is easy target for hackers and spammers. WordPress is though being one of the most user-friendly website development platform available to us, it is terribly vulnerable to attacks. A study says that more than 70% installations that happen are vulnerable as the developers do not practice proper security protocols for the platform.Although, it’s not at all easy to outline every single merit and demerit of using WordPress framework and to know firmly whether you should go for it or not, the above-mentioned points are the most common ones that every business owner must consider while thinking about making use of WordPress for building a website. Also, this blog is just a general informative one which is meant for letting the readers know about this particular framework in detail. This write-up doesn’t provide an argument for or against the usage of WordPress. It’s for you to read this and decide whether or not you should make use of WordPress for creating a website for your brand / business. The decision and choice is yours completely.