- Tech Insights
Hong Kong is renowned as one of the international financial centers but it is not famous for its innovation and ground breaking technology. Dr. Matthew Man broke the shackles of this traditional mold by offering innovative “Internet of Things” (IOT) solutions to Jewelry Industry and Healthcare Industry. Myndar develops intelligent technology with its own in-house hardware and software R&D teams, dedicated to continuously design, develop, deploy, innovate and provide solutions on IoT Technology (consisted of mobile devices, wireless technologies i.e. WiFi, RFID, Bluetooth & NFC etc.). For the Jewelry industry Myndar had developed the innovative IoT/RFID technologies in Jewelry Industry and pioneered the concept of Retail 4.0 for the same industry. Myndar had also provided Business Analytics (BI) to assist customers to predict trends and real-time monitoring in stock movements and security.
"Myndar is a trusted partner and solutions provider with a successful track record among reputable customers that’s been proven successful. "
On the other hand, for the Healthcare industry, Myndar had developed the innovative IoT technologies in Healthcare Industry and leveraging the IoT initiatives to convince the local hospital authority to adopt the new concept of Healthcare 4.0 for the entire healthcare sectors. Under Dr. Man’s leadership, Myndar had developed 15 brand new innovative applications for healthcare industry including Drug Refill Management System, Bed Management System, Laundry Management System, Wireless Sensors Technologies, Patient Samples Management System and Dangerous Drugs Management System etc.
Dr. Man strongly believes in “Blue Ocean” Strategy. His philosophy is to create an innovative solution to address the “legacy problems” of a particular industry. Under Dr. Man’s leadership, Myndar’s R&D team was capable to develop the “Depth of Technology” and the “Breadth of Applications” to revolutionize the entire industry. The new workflows and new processes created by the technologies had become the industry standard and naturally had become a new “Ecosystem” to that industry. No company in Hong Kong could achieve such impacts to the industries.
In an instance, Dr. Man is renowned as the “Father of Smart Tray” in the Jewelry industry. The smart tray was invented by him to provide the product information and price of each item instantly to improve the cross selling and up selling at point of sales. It also captures the customer buying behavior in real-time and enhance the shop security. One of Myndar’s key customers in China had proved the sales actually increased from 10% to 20% after implementing the Smart Tray system at their 3,000 retail outlets.
With ushering of a new era, Dr. Man acknowledges that numerous technologies will be revolutionizing industries in 2020. In the jewelry arena more and more major jewelry retailers will adopt Myndar’s technologies to be more competitive and adopting the philosophy of “Managing by Data” to expand their businesses further. While, the healthcare industry is an old legacy, which totally relied on manual processes and a trust system operated under all healthcare staff. But with Myndar’s concept of Healthcare 4.0 there has been a disruption in the entire healthcare industry in Hong Kong. Digital transformation, automation, new processes and paperless operations will be the key transformation in 2020.
Myndar’s key factors contributing towards their success is being the FIRST, not the BEST – just creating a “Minimum Viable Product” (MVP) to capture the market first, followed by filing the patent applications at the same time. Alongside, the company offering a total solution with the Breadth of Applications to one particular industry, by creating a NEW ecosystem in silence, not just a product. “Our biggest differentiator is being a Trend Setter, not a follower. We continue to innovate every day and every month. Innovation is in our blood,” adds Dr. Man. For the days to come the company wants to keep working towards enhancing their offerings. “We always believe – Confuse them with our Silence. Shock them with our Results. Hence, we always build in silence, people don’t know what to attack!”
Dr. Matthew Man
Megasoft Limited was established in 2009 at Hong Kong Science Park, Myndar is a division of Megasoft Limited. Proud to be a home-grown company, Myndar has risen to be a company widely respected globally for its technology innovations.