PETALING JAYA: Mtouche Technology Bhd plans to additional diversify its income streams by strengthening its wellness enterprise by using on technological developments.
This contains organising and working a one-stop well being and wellness studio, a restoration studio and a health studio. This might be supported by the utilization of a digital healthcare platform developed by the group.
This resolution to additional develop into the wellness enterprise is led by the Covid-19 pandemic. This is so since there may be an rising development that customers are more and more trying past bodily health in striving for optimum well being.
In its annual report 2020/2021, mTouche mentioned customers need a extra holistic method to incorporate wellness and way of life corresponding to sleep high quality, psychological well being and emotional properly being all underneath the identical roof corresponding to a Health Studio.
The proliferation of wearable well being sensor displays with Internet of Things (IoT) capabilities, mixed with the facility of well being functions, has reworked the way in which customers observe and monitor their well being statistics to take care of a wholesome way of life.
Consumers are additionally turning into more and more depending on cellular functions to organise their life.
The group intends to develop a digital healthcare platform that’s IoT-enabled. This will permit its prospects to constantly monitor and file their well being statistics and share them with their healthcare supplier.
It at present additionally distributes and sells the Covid-19 check kits apart from its cellular value-added providers (VAS) enterprise.
“We goal to reinforce profitability and strengthen our market presence as a way to help our long-term sustainability and development.
“We will stay dedicated to offering high quality options and providers, in addition to constantly enhance our answer and providers as a way to develop our buyer base and develop our enterprise regionally and regionally,’’ it mentioned.
On its cellular VAS enterprise, it mentioned the group has been dealing with challenges for some years now. This is led primarily by rising competitors inside the trade arising from new improvement in cellular applied sciences and lately, the weakened demand with the pandemic.
But it stays hopeful because it believes the trade outlook for cellular VAS continues to be beneficial.