The
Sky is the Limit - #CloudComputing Boosts Fitness and Health (NASDAQ: $FIT)
(OTC: $TXHD) (TSXV: $RHT.V) (OTCQB: $RQHTF) (CSE: $PHGI.C) (OTCQB: $PHGRF)
Point
Roberts, WA and Delta, BC - March 14, 2019 (Investorideas.com Newswire) Investorideas.com, a global investor
news source covering tech and cloud stocks, releases a snapshot looking at how
cloud technology is playing a leading role in the future of health and fitness.
According to recent research,
“The global healthcare cloud computing market is expected to register a CAGR of
18% during the forecast period, 2018 to 2023. With the increasing adoption of
healthcare informatics, the healthcare information system service providers are
significantly implementing the cloud-based software, as it comprises less
investment and minimal support requirements, in terms of technology.
High-volume storage capacity and accessibility provided by cloud-based
applications are also favoring the market.”
With headlines
like, “Microsoft and digital health: AI, IoT and cloud computing point the way
to personalised care,” investors can take note that most of the tech giants are
in the space.
Read this
in full at https://www.investorideas.com/news/2019/technology/03141Stocks-CloudComputing.asp
Fitbit (NASDAQ:FIT),
one of the most well-known health solution technology companies and leading
global wearables brands announced four new products as well as its recent
partnership with Solera Health to help improve health culture and prevent
type 2 diabetes.
From
recent news; “Fitbit Versa
Lite Edition™, Fitbit Inspire HR™, Fitbit Inspire™ and Fitbit Ace 2™ are
designed to help make health and fitness accessible to more consumers across
the globe.”
“Since
founding Fitbit almost 12 years ago, we’ve focused on making health fun and
achievable for everyone – regardless of fitness level or goals. Today we have a
growing, supportive community of more than 27 million active users around the
world who are getting more active, sleeping better, reducing stress, managing
weight and getting healthier from being ‘on Fitbit,’ which is a testament to
the power of our platform and our consistent innovation across our devices,
software features and mobile app experience,” said James Park, co-founder and
CEO of Fitbit.
Smaller player Textmunication Holdings,
Inc. (OTC:
TXHD),
a cloud-based communication technology holding company is also looking to marry
cloud technology and healthy living, having
just announced that they will be
attending the 2019 International Health, Racquet & Sportsclub Association (IHRSA)
Convention, March 13-15 in San Diego. IHRSA represents over 10,000 for-profit
health and fitness facilities and over 650 supplier companies in 71 countries.
TXHD is also moving forward with its plan
to acquire ‘Off Day Trainer’ from The RELENTLESS Management Group (“RMG”), a
technology management firm based in San Luis Obispo, California. The ODT
platform focuses on mobile engagement for the personal training industry. The
patented platform will be integrated with Textmunication’s Smart Automated Messaging
(SAM) platform allowing for a best-in-class scalable fitness mobile marketing
platform with access to more than 300,000 personal trainers and more than
35,000 North American health clubs.
While cloud technology companies may be
influencing healthcare, the same can also happen in reverse. Premier Health
Group (CSE:
PHGI)
(OTCQB:
PHGRF),
a company focused on developing innovative approaches that combine human
skill-based expertise with emerging technologies for the healthcare industry, recently
announced
that it is growing it's development team at Cloud Practice Inc., which PHGI
recently acquired, to support the Company's focus on digitizing health care.
"The
future of healthcare is digitally driven and this strategic investment in
growing Cloud Practice's team will enable us to fast-track the build out of our
app – a much-needed technology innovation in healthcare," said Dr. Essam
Hamza, CEO of Premier Health. "Our goal is to tackle the accessibility
bottlenecks by putting the power in the hands of patients. Not only will our
app enable patients' access to their health care providers, but also allow for
cohesive patient care by coordinating and connecting all members of their
health care team."
In
other recent news in the sector,
Reliq Health Technologies Inc. (TSXV:RHT) (OTCQB:RQHTF), a technology
company that develops innovative mobile health and telemedicine solutions for
the community-based healthcare market reported that it is collaborating with
Fitness and Wellness Consulting Services, LLC in Princeton, New Jersey to
provide a white-labeled version of Reliq’s platform to collect and analyze
population health data for participants in Fitness & Wellness Consulting
Services’ medically-supervised Wellness Programs.
Cloud technology has been integrating into
healthcare and healthy living for the past 3 years but now it seems the
momentum has caught up to the potential, which means a brighter, healthier
future with all of our heads in the cloud.
Investorideas.com
has created a directory of tech
stocks,
including cloud stocks for investors following the sector.
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