People & Technology Wins 'ICT Grand Prize' at the 2021 Korea Business Awards
- AuthorElodie
- DateDec 31, 2024
- Views306
Making AIoT a Reality of Today and the Vision of Tomorrow!
Seoul – January 4, 2022 –
People & Technology, a leading provider of IoT-based AI platform solutions, has announced its major achievements over the past five years, culminating in the ICT Grand Prize at the 7th Annual Korea Business Awards 2021, hosted by MoneyToday.
Since its establishment in 2013, People & Technology has been a trailblazer in the B2B IoT sector, setting industry standards and earning top-tier recognition from clients.
Milestones in IoMT and Smart Hospital Solutions
Starting in 2018 with its RTLS Smart Hospital Solution, the company has expanded its services to include:
- 24/7 Patient Biometric Data Monitoring
- Asset Management
- Nursing Task Automation
- Smart Patient Safety Management
These services are powered by its world-class IndoorPlus+ IoT precision positioning platform. Last year, the company participated in the Smart Hospital Leading Model project led by the Ministry of Health and Welfare, deploying its IoMT smart hospital platform in prestigious institutions such as the National Cancer Center and Severance Hospital, as well as regional university hospitals.
Expanding into Industrial Safety
Beyond healthcare, People & Technology has been a leader in worker safety management services for industries like construction and manufacturing. The company provides:
- Real-Time Worker Location Tracking
- Continuous Biometric Data Monitoring
This allows companies to preemptively address safety risks in hazardous environments like factories and construction sites. The application of smart hospital-tested biometric monitoring models to industrial safety represents a significant innovation, with plans for further expansion into construction, chemical, and manufacturing domains.
Achievements and Recognition
- 2018: Awarded the Ministerial Prize by the Ministry of Science and ICT for contributions to IoT business activation.
- 2021: Deployed IndoorPlus+ solutions in over 100 organizations, including Samsung, LG Display, Doosan, and Korea Nuclear Power Plants.
- April 2021: Secured ₩3 billion in Series A funding from investors including Ajou IB Investment, Magellan Technology Investment, and Kingo Investment Partners.
AI Lab and Future Development
In 2021, People & Technology established its AI Lab, which focuses on developing:
- AIoT Analytics Technologies and Solutions
- AI-driven advancements in Healthcare, Security, Mobility, and Safety
The lab is redefining problems through mathematical data modeling, creating tailored AI solutions for diverse industries.
CEO Remarks
Hong Sung-pyo, Co-CEO of People & Technology, expressed his gratitude:
“Winning this prestigious award is an honor, and I dedicate it to our employees who work tirelessly to ensure customer satisfaction. We will continue to refine our existing solutions and lead the AIoT field as a pioneering company.”
This recognition reinforces People & Technology’s commitment to driving innovation in IoT and AI, solidifying its position as a leader in the AIoT landscape.