If you liked the early days of cloud computing, you’re going to love the Internet of things (IoT) and its less-sexy cousin, machine-to-machine communications. Certainly, you’ll be in elite company. Cisco is dedicating an entirely new business unit to the fledgling effort. AT&T has built two shiny new facilities dedicated to developing things like smart luggage that can locate your bags in the airport so you don’t lose them. Verizon has a program aimed at transportation. Broadcom, Oracle, Samsung — all are in the hunt. Intel says IoT technology will enable 3.8 billion more connected “things” by 2015. At an average cost of $100 per item, we’re talking $380 billion (about the GDP of Austria) in just two years.
Explaining digital health and the impact of future health sensing technologies.
Too many products look like they were designed by men in Silicon Valley for men in Silicon
Valley, says one wearable tech CEO. The people in real life who wear Nike Fuelbands, Jawbone Ups and Fitbits may not be models, but they tend not to be the people most in need of extra fitness motivation. So how do you get the less-fit masses to join the fitness-tracking bandwagon?
According to a new report, Apple has been bringing on board experts in sensors that monitor the human body. Here’s how that could play into the company’s “iWatch” effort.
There’s a significant shift going on in how health care is delivered today, due to several key developments:
- Payment models that reward providers for patient outcomes rather than traditional, per-procedure methods or number of visits;
- The imposition of penalties for hospital readmissions; and
- The rapid adoption of smartphone and sensor technologies.
Health sensing technologies, data analytics and visualization tools enable continuous monitoring and assessment of patients anywhere at any time. These technologies have the power to decentralize health care by challenging traditional delivery systems currently centered around hospitals, clinics and physician offices. Such technology engages patients and caregivers by providing them with the most timely, actionable and relevant data at point-of-patient – the home, office or wherever the patient is located.
In December 2012 and January of this year, Tata Consultancy Services surveyed 1,217 executives from large companies in a dozen global industries in North America, Europe, Asia-Pacific, and Latin America. They found that companies with huge investments in Big Data are generating excess returns and gaining competitive advantages, putting companies without significant investments in Big Data at risk. The reason: There’s a big learning curve with Big Data, one that companies such as Netflix and Amazon had to embrace in the 1990s to deal with hundreds of millions of customer clicks.