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TCS enters medical devices segment
Business Standard
June 28, 2005
Tata
Consultancy Services Ltd (TCS) is foraying into the
medical equipment segment in India, estimated to be
over $1.5 billion, with the development of a patient
monitoring system. The global software major, along
with IIT Mumbai, is developing a wearable electro cardio-graph
(ECG) monitoring system. The Embedded Systems Research
Group of TCS is developing the ECG system named `Silicon
Locket'. The portable device can record, store and download
the ECG signals of patients onto a personal computer,
sources close to the development told Business Standard.
This would be the country's first
indigenously developed patient-monitoring system, which
utilises signal processing techniques to detect conditions
such as Arrythmia (abnormality of the heart beat) in
real-time. The beta testing of the product has been
completed, while tests for conformity of safety standards
are currently under way, they said. The product would
be "aggressively priced", to facilitate an
early adoption, than similar products that are being
imported into the Indian market. The imported products
are priced at around Rs one lakh.
If successful, TCS would
roll out upgraded versions of the product that can send
diagnostic alerts to a hospital or a doctor through
a mobile phone interface. Earlier, TCS has ventures
into bioinformatics by developing software solutions
for genome sequencing and comparative genomics. The
company also developed India's first `Biosuite', a software
tool for drug discovery in association with Council
of Scientific and Industrial Research.
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