By Kim Yoo-chul
Samsung Electronics is in talks with both SAP and Microsoft (MS) to form alliances to collaborate on commercializing a number of health-oriented devices and services.
Samsung aims to generate 10 trillion won in revenue from healthcare businesses by 2020, according to company officials.
"Samsung Electronics is in discussions with SAP to put its patented healthcare platform into wearable devices," a source close to the deal said.
Samsung is interested in using SAP's "Care Circles" - a big data analytical tool powered by German company HANA's platform. The Korean company believes that the Circles tool would be an ideal match for its wearable devices.
Care Circles is a service to help family members become better care providers by learning from experts around the world. It also allows physicians to monitor and coach their patents remotely.
"For example, Samsung smartphones, tablets and wearable devices could be used as the channel for high-school students and consumers to track health-related data, analyzing details using SAP's Care Circles platform," said the source.
The German firm has been pushing for growth with its various business solutions powered by the HANA platform.
Samsung seeks to build an ecosystem in health-oriented services and devices.
It recently launched the Gear Fit wearable and S Health 3.0 Platform, a plan to provide users with an integrated and more comprehensive view of their well-being.
Samsung also seeks collaboration with Microsoft to strengthen partnership in healthcare businesses.
"While SAP is a leader in the race for corporate platforms such as those related in health, retail and banking services, MS could be a good business partner also," said an executive of a company supplying parts to Samsung Electronics
MS plans to roll out its healthcare solutions-embedded smartwatch next year.
The market for healthcare solutions is expected to reach 476 trillion won by 2018, growing 6 percent annually, according to research firms.