BOT Model: How Global Companies Are Expanding in this Pandemic Times

The covid-19 pandemic of 2020 has had an indirect positive effect on the adaptability of major companies. According to a recent study by McKinsey, companies have accelerated the digitization of their internal operations by three to four years. Many have not only adopted remote operations but are also innovating in products thanks to the change–the share of digital or digitally enabled products in their portfolios has accelerated by a shocking seven years.

This fast-evolving ecosystem for growth has pushed IT companies to look for tools and tactics that maintain their competitive edge. One of the most adopted tactics to boost their growth with a minimum time span is the BOT Model. But what exactly is the BOT model and how does it work? 

Build-Operate-Transfer (BOT)?

BOT is a business model. According to Gartner Research, it’s a contractual relationship in which an organization hires a service provider to set up, optimize, and run a business (or process/service/delivery) operation with the contractually stipulated intent of transferring the operation to the organization as a captive center. 

Say you build pacemakers using IT. You’re doing pretty well but have reached your current limit in operating capacity and are looking to expand both market share and product features. Under the Build-Operate-Transfer model, you can hire a service provider to set up, optimize and run the process for you, only to transfer the operation back to you once it is set up and running efficiently.

The BOT model allows service providers to quickly set up a new center applying the internal culture and processes of its client organization. The aim is for the service center to be completely operational from its foundation. When set up in countries with a lower cost of living, it can also represent a significant reduction in operating costs. Under these circumstances, a nearness between borders can become a great advantage.

By partnering with US businesses, service providers like ITJ can help develop world-class software engineering centers of excellence that assist companies of all sizes to access purpose-built, fully managed, lower cost, and innovative software development, testing, and operational support teams only 35 minutes south from the border. These hubs integrate seamlessly with clients’ resources and align with their business strategies. 

As technology continues to push innovation forward, ITJ’s unique BOT model positions itself as a reference center for excellence working with the highest quality software engineers, data scientists, and creative designers from across Mexico and Latin America making it a game-changer for any company. 

About ITJ
ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

The Internet of Medical Things The Health Revolution image

The Internet of Medical Things: The Healthcare Revolution

What is The Internet of Medical Things?

Simply put, the Internet of Medical Things (IoMT) is the network of Internet-connected medical devices, hardware infrastructure, and software applications used to connect healthcare information technology. So basically, when talking about IoMT we are referring to a connected infrastructure of medical devices, software applications, and health systems and services.

The importance of IoMT in the Healthcare Industry

Now, since the Pandemic started, we have experienced a growing dependency on technology in the healthcare industry, which demands continuous innovation to deal with the new health dangers. On that note, the IoMT has also increased its importance during the COVID-19 pandemic, allowing providers to deliver quality care at a distance. According to a recent Deloitte survey, the overall IoMT market was expected to go from $41 billion in 2017 to $158 billion by 2022, and it is expected to grow at a CAGR of 29.9% to reach $322.2 billion by 2025.

But how exactly is IoMT impacting and transforming healthcare? Here are 3 examples:

Remote patient monitoring

This is the most common application of IoMT, where remote devices can automatically collect health metrics—like blood pressure, temperature, oxygen levels, heart rate, etc. This allows health providers to collect patient data, eliminating the need for physical contact, or for patients to collect data themselves. Also, by collecting the patient’s metrics, algorithms may be used to analyze the data to recommend treatments or generate alerts.

Continuous Glucose Monitoring

For the more than 30 million people living with diabetes, glucose monitoring has traditionally been difficult. The challenge goes beyond the inconvenience of manually recording the glucose levels, the real difficulty is to accurately report these levels as they fluctuate widely, making it complicated to detect a problem. Now, IoMT devices help address these challenges by providing continuous, automatic monitoring of glucose levels in patients. This way Glucose monitoring devices eliminate the need to keep manual records and can alert patients when glucose levels are problematic.

Depression and mood monitoring

Information about a patient’s mood is another type of data that has traditionally been difficult to collect making it harder to identify depression symptoms. This happens because, even if the health provider consults the patient regarding their feelings, it’s hard to anticipate sudden mood swings, not to mention that often patients don’t accurately report their feelings.

“Mood-aware” IoMT devices solve these challenges by collecting and analyzing data such as heart rate and blood pressure, then the devices can infer information about a patient’s mental state. Some advanced IoMT devices for mood monitoring can even track data such as the movement of a patient’s eyes.

The future of Medicine is here 

The advantages of new software development and IT within healthcare are clear as water.  The ability of medical equipment to share real-time data opens up a wide number of possibilities and important advantages for both patients and healthcare providers such as:

  • Improvement of care outcomes
  • Streamlining of Remote Patient Monitoring Services
  • Reducing the cost of care, especially in Post Acute Care Settings (PAC)
  • Access to real-time patient health data
  • Remote monitoring of the health and performance of connected devices

And the best part…IoMT devices are already part of people’s lives. Most consumer mobile devices are now equipped with connectivity technologies that enable them to communicate with IT systems seamlessly.

This means that both doctors and patients can take advantage of IoMT and leverage its potential through everyday devices without investing in expensive monitors that can interface with medical devices.

However, while the IoMT has the potential to help alleviate some of the challenges facing healthcare such as cost, access, and care coordination, this generation of data must turn into actionable insight. 

The healthcare sector must develop new strategies to harness the data collected through millions of IoMT and use it to make their business and operating models relevant and competitive to the new era we are living in.

About ITJ
ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

Maritza Diaz featured in Inspiring Women Podcast hosted by Laurie McGraw

Maritza Diaz featured in Inspiring Women Podcast with Laurie McGraw

“Women need women, and not just any women, inspiring women” with those words in mind Laurie McGraw, a successful professional with a thriving career in leadership positions at both high-growth commercial companies and nonprofits, launched the Inspiring Women podcast on March 8th, 2021. For the past five years, Laurie has been serving as a Senior Vice President at the American Medical Association and one of her greatest passions over the years has been working with many women, as a mentor, coach, or friend, to support, challenge or even inspire.

Through her “Inspiring Women Podcast”, Laurie shares weekly with her audience short-form interviews from women who are at the pinnacle of their careers and inspire women who are just starting out. She believes that women need to hear the stories, the advice, and the guidance from other women as they navigate their career paths and try to make a positive impact in the world.  

On that note, on April 26, Laurie invited Maritza Diaz, Chief Executive Officer and founder of ITJ—a technology services company based in the San Diego area that enables customers to create technology centers of excellence in Mexico—as a key speaker on her podcast. Maritza shared her mission to impact people’s lives by generating jobs through her company; jobs that are not only developing the Cali-Baja Region but also aiding to solve problems of the future, like developing technology to advance the remote-working need that is growing due to COVID-19. 

Over the past seven years, Maritza has established herself as a thought leader in the cross-border collaboration field within the software industry between San Diego and Baja California, paving her future and setting a great example as a strong and inspiring woman. Her mission resides in developing the San Diego-Baja California area to create a Tech Hub Mega Region. Her vision is supported by a combined population of more than 7 million, which makes the Cali-Baja region one of the largest population concentrations along the U.S-Mexico border. Thanks to its unique cross-border integration, experience in manufacturing, R&D, and IT/Software development, Maritza is rooting for the area’s unique qualities for the relocation of global and bi-national business investments, as well as its transnational culture and high-end binational pool of talent.

Far beyond the importance of ITJ in the Cali-Baja Region, the company’s mission to establish full gender equality with a 50-50% ratio of employees’ genders stands out as a beacon of hope for women’s rights within the industry. Maritza’s great strength is an inspiration to all. In her closing words, she gives this advice to other women out there trying to open their way in the business world: 

“Think of yourself as a professional that can deliver and that can be trusted, if you do that, there’s really nothing that could get in your way.” 

To listen the full interview click here: https://bit.ly/3ve9D18

About ITJ

ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.