Techiexpert.com
No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain
No Result
View All Result
Techiexpert.com
No Result
View All Result

PharmEasy uses Machine Learning to build One-Stop Solution

Srikanth by Srikanth
February 27, 2019
in Startup news
0
PharmEasy uses Machine Learning to build One-Stop Solution 1
10
SHARES
145
VIEWS
Share on FacebookShare on Twitter

India begins to achieve an exponential growth as the world’s third largest producer of drugs in terms of volume. Back, with three decades, the pharmaceutical sector in India has seen an enhancing growth. According to a report, India has now ranked up among the top five emerging pharmaceutical markets of the world. The pharmaceutical sector in India was valued at $33 billion in 2017 and is now expected to reach $55 billion. Given the recent update in growth, the country is also expected to become the ranker among the top three pharmaceutical markets and the sixth largest market in size by 2020, worldwide.

AIM clarified with Bhaskar Raju Konduru, Chief Engineering Officer who is now also leading the consumer and data platforms at PharmEasy to accept how the health tech platform is lending a hand on developing technologies like machine learning and AI to demanding competition and rank up the operations beyond top metros in India. Konduru, a well-known technologist, as was reported, was tied up, the previous year to set up and lead the technology team at PharmEasy and mount the operations. He has not only built world-class solutions at new age companies but also has architected the B2C and B2B divisions of consumer internet companies from scratch. He was also the founding member at redBus where he developed the international, inventory system and hotel platforms (with multi-language and currency support) from scratch to a massive scale presently.

Konduru shared that the E-pharma market is noticing a lot of notions, buzz and a continuous investment. “We have seen a similar phenomenon in the recent past around e-commerce, but today we are in a consolidated market of e-commerce and the similar thing will happen in the e-pharma market as well as few years down the lane. The market is big enough for three big players and I’m pretty sure that we will be one among them,” Bhaskar Raju Konduru, shared.

The E-pharma companies have also been operating in a grey regulatory area, lately. In the previous year, in December 2018, the Madras High Court enforced a blanket ban on the sale of online medicines until the regulations were drafted which could have affected the investor interest also. Stating about the regulations, Konduru also shared, “Indian Government has already started the process of bringing a regulatory law for e-pharmacies as well. Once that’s out. I don’t think we will be having any regulatory issues further. Investor interest was always intact even when the regulatory challenges are at a peak. Now that they are about to come to an end very soon and the interest may increase”.

On the present scenario, PharmaEasy has up to 80 engineers out of which 15-20 people are specifically focused on analytics. The company has also been continuously summing skilled, dedicated and improved talent to its engineering team to formulate customers’ demands and needs. “In fact, we are adding people to our team and would like to invite all cool tech folks to apply for amazing openings at PharmEasy,” he claimed. Steping forward, the company shall also focus on the evolution from a simple medicine delivery platform to a one-stop solution for all health care needs. In this process of furthering and building a one-stop solution, they have specific dated plans to build excellent rated products on their platform using AI and ML techniques.

Tags: Epharmacy startupsML usecasesPharmEasy
Share4Tweet3Share1Pin1

Popular Sections On Techiexpert

5G AI News AI Services AI Startup AI usecases Amazon Bangalore startups BigData analytics Business Chatbots cloud services CryptoCurrency custmer experience Cybersecurity Data privacy Delhi startups digital marketing digital payments eCommerce Electric Vehicles Facebook Fintech Fintech startups Funding News Google Healthcare Inflection Point Ventures Instagram IOT services Marketing strategy Microsoft Mobile Apps Mobile Tech Mumbai startups Press Release Robotics Saas search engine optimization Smartphones startup stories Tech Stories Tech Trends Virtual Reality Voice assistants WhatsApp

Latest Stories on Techiexpert

Report Reveals Cloud Infrastructure as Top Cyber Risk for Indian Businesses

Report Reveals Cloud Infrastructure as Top Cyber Risk for Indian Businesses
Share4Tweet3Share1Pin1

Spade Secures $10M to Revolutionize Merchant Data Accessibility for Card Issuers

Spade Secures $10M to Revolutionize Merchant Data Accessibility for Card Issuers
Share4Tweet3Share1Pin1

Gujarat Sports Startup Conclave Reveals Top 7 Finalists

Gujarat Sports Startup Conclave Reveals Top 7 Finalists
Share4Tweet3Share1Pin1
  • Privacy Policy
  • About Us
  • Contact us
  • Cookie Policy
  • Write For Us
  • Newsletter

© 2016-2022 All Rights Reserved

No Result
View All Result
  • Tech
  • Startup
  • Artificial Intelligence
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • Machine Learning
  • Blockchain

© 2016-2022 All Rights Reserved

Cookie Law Notice
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
SAVE & ACCEPT
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.