Healthcare, retail & banking biggest adopters of enterprise technology

By : |November 11, 2016 0
Image courtesy of Sira Anamwong at FreeDigitalPhotos.net

According to a report released by Microsoft Accelerator, startups in healthcare, retail, and banking, are the most “enterprise-ready” sectors in the Indian industry.

The ‘Ecosystem Report on Enterprise Ready Startups 2016‘ has ranked the startups on the basis of their “enterprise-readiness” score, which is measured on customer traction, funding velocity and size of the company.

Besides the report, a list showcasing top 151 enterprise-ready startups in India has also been released by Microsoft Accelerator.

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Grey Orange, chip-maker Ineda Systems, and IoT firm ConnectM are the three most enterprise-ready startups, according to the report based on a study of more than 500 enterprise-focused startups founded post-2000 and headquartered in India.

About half of the start-ups shortlisted are in healthcare, retail and banking sectors, with the others belonging to sectors like Internet-of-Things, security, ed-tech, data sciences, manufacturing, and media.

In a blog post, Ravi Narayan, global director, Microsoft Accelerator said, “Our research shows that contrary to popular belief, the most conservative yet disruptive sectors (BFSI) are embracing startup solutions more openly than others.”

The top Fintech startups in the list are MSwipe, TechProcess Solutions, and BillDesk.

In healthcare, Practo, pharmaceutical company Celon Laboratories, and genomics-based diagnostics solutions Medgenome Labs are the three start-ups with top scores.

“What has changed in the past five years is that while earlier a large corporate only integrated solutions with other large enterprises, now we see many of them opting for startups as system integrators,” said Vinod Muthukrishnan, chief executive of customer analytics provider CloudCherry, a Microsoft Accelerator startup.

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