Post-split, larger role for Philips' Bangalore campus
"The current model of healthcare is unsustainable: It is delivered in silos, which leads to ineffective treatments and waste. To make healthcare more effective -- economically and medically -- we need integration and personalisation."
On the overall reason for splitting Royal Philips into two companies, the group CEO said it was for three reasons: Better focus and innovation, creating better opportunities to raise funds and giving consumers complete solutions.
Be it in India, China or elsewhere, consumers, he said, will continue to be served by one brand and that would be Philips. As far as the 113,000 staff in over 100 countries were concerned, they will just have to step into their offices like any other day.
Speaking about the India operations, officials said the group had posted an impressive 71 percent growth in net profits in 2013-14, thanks to a robust growth across lighting, consumer lifestyle and healthcare segments, each accounting for around a third of sales.
Speaking specifically about Philips Innovation Campus in Bangalore, they said more than 10 products were delivered by it in the last fiscal year, not just for India but also growth geographies like Africa and Indonesia.
Some innovations from the India campus included a consultative critical care solution to enable a specialist doctor to monitor patients in distant, multiple intensive care units, almost in real time, to address the shortage of trained physicians.
These apart, the campus also developed a compact and low-cost ECG device, a unique USB-based tablet ultrasound system and a solar DC grid as an alternate source of energy to answer the energy crisis.
Looking ahead, the campus has forayed into internet-based solutions like sensors, cloud computing and mobile tech. It is also working on solutions that provide connectivity to consumers for a range of home appliances they have,from air purifiers to coffee makers.
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