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    Speaking of business, before you start developing a product, you need to form a clear idea:

     

    • What will we earn on, that is, monetization;
    • What will we spend on? Here it is worth paying attention to the Buy VS Build VS Partner model.

     

    Let's take a closer look at possible costs.

     

     

    cloud:

    • Integration with third-party platforms, such as medical services API;
    • Data privacy;
    • Storing history, for example, a month deep.

     

    apps:

    • Applications for major Android/iOS operating systems;
    • Basic functionality for plotting charts, a list of contacts for sending history.

     

     

    ID/MD/Hardware:

    We combined spending on ID/MD and hardware. All items are required if you decide to create a product yourself. The only optional item is a design patent. Many prefer not to spend several thousand dollars. We are in favor of patenting, as borrowings are very common.

     

    Firmware:

    If we calculate the cost of developing the firmware, then they can cover the service as a third-party team, or the work of yours.

     

    In addition, you must purchase a license for software components, if we are not talking about open source. Deductions can take a large percentage of expenses.


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  • For example, take a bracelet with a pulse measurement.

     

    ID/MD design:

    • The case and strap must be made of hypoallergenic rubber;
    • Color variability;
    • Dust and moisture protection.

     

    Hardware:

    • Determination of pulse rate and blood oxidation;
    • Light weight for comfortable wearing on the hand;
    • Display of measurement results on the screen;
    • Battery capacity to keep a charge for at least a week.

     

    Firmware:

    • Real-time data processing;
    • Ease of setup.
    • The list of firmware requirements can be continued based on the main goals and conditions of use.

    communications:

     

    Permanent connection to the network, so as not to lose the moment of changing the pulse or reducing the oxygen saturation of the blood - for this, the device must be constantly connected to the network, without relying on smartphones. We are not talking about Bluetooth, but we are talking about some other protocol that will allow the device to exchange data without a smartphone - an example would be Wi-Fi (but in this case the device becomes dependent on WiFi coverage), a built-in LTE modem (will affect device autonomy and will require additional settings and a prepaid SIM), or something from LPWAN (LoRA, NB-IoT, etc.).


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