PreScouter + GE Healthcare: How will the Internet of Things Impact your Industry?
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PreScouter and GE Healthcare partnered to analyze how they are researching Internet of Things technology. The presentation begins with a note from Dr. Ashish Basuray, Chief Scientist at PreScouter, Inc., an innovation consulting firm. Basuray addresses a fundamental question: why do we care to learn about new ideas, disruptive ideas like the Internet of Things? Following Basuray's introduction, Bill Shingleton, Ph.D., Technical Lead at GE Healthcare presented on the Industrial Internet of Things and how it impacts several industries. But, then he narrowed in on healthcare and GE's solution, Predix. This is the slide deck of the presentation for PreScouter's IoT Summit on October 6, 2016, from 5 -8 pm at the Schreiber Center in downtown Chicago. For more information on disruptive technology, please visit: www.prescouter.com.
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PreScouter + GE Healthcare: How will the Internet of Things Impact your Industry?
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- 2. Pioneering companies proactively embrace change — not on a reactionary basis…but as an opportunity to challenge the status quo and achieve greater success. Brian Kennell , former president and CEO, Tetra Pak Inc. PRESCOUTER
- 3. PRESCOUTER 3 Failure to embrace change
- 5. PRESCOUTER PreScouter is trusted by large and small: 5 + over 300 others
- 6. PRESCOUTER The PreScouter Process 6 You submit a Business Challenge PreScouter Scholar Team performs research and leverages a public & private information to gather potential solutions Team delivers report on findings PRESCOUTER 1 2 Client 3
- 7. PRESCOUTER 7 Counterfeiting costs US businesses between $200 – 700 Billion annually
- 8. PRESCOUTER 8 Problem to production 100+ 51 10 3 finalists 100 nm Production-ready in spring 2017
- 9. PRESCOUTER 9 The Internet of Things Report • In depth analysis • Reviews on existing IoT technologies • In-depth interviews from leaders • For the full report, email aelliott@prescouter.com Dr. Sofiane BoukhalfaDr. João Guerreiro
- 10. PRESCOUTER 10 The Internet of Things ~100,000 BCE IoT will be a $1 – 11 trillion market by 2025 2900 BCE 1436 ADE 1969 ADE
- 11. PRESCOUTER 11 The Internet of Things Keynote Speaker Bill Shingleton BSc, PhD. Technical Lead, GE Healthcare Life Sciences, Core Imaging
- 12. 12 The Industrial Internet and Digitisation of Healthcare Bill Shingleton GE Healthcare Life Sciences
- 13. 13 • ©2016 General Electric Company • General Electric Company reserves the right to make changes in specifications and features shown herein, or discontinue the product described at any time without notice or obligation. This does not constitute a representation or warranty or documentation regarding the product or service featured. • DESCRIPTIONS OF FUTURE FUNCTIONALITY REFLECT CURRENT PRODUCT DIRECTION, ARE FOR INFORMATIONAL PURPOSES ONLY AND DO NOT CONSTITUTE A COMMITMENT TO PROVIDE SPECIFIC FUNCTIONALITY. TIMING AND AVAILABILITY REMAIN AT GE’S DISCRETION AND ARE SUBJECT TO CHANGE AND APPLICABLE REGULATORY CLEARANCE. • General areas represent ongoing product research and development efforts. These research and development efforts are not products and may never become products. Not for sale. Not cleared or approved by the FDA or any regulatory body for commercial availability. • Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals. • GE, the GE Monogram, Centricity, Centricity 360, Predix, and Imagination at work, are trademarks of General Electric Company. • DICOM is a registered trademark of National Electrical Manufacturers Association (NEMA). • Predix™ is GE’s software platform for the Industrial Internet. Predix enables asset and operations optimization by providing a standard way to run industrial-scale analytics and connect machines, data, and people. Whether your solutions are deployed on machines, on-premise or in the cloud, Predix provides an integrated stack of technologies for distributed computing and big data analytics, asset management, machine-to-machine communication and mobility, meeting your needs for scalability, extensibility, customizability, and security. • All other product names and logos are trademarks or registered trademarks of their respective companies.
- 14. 14 GE: A HERITAGE OF INNOVATION • Founded by Thomas Edison in 1878 • Only company from the original 1896 Dow Jones index still listed today • Rated AA+ with stable outlook by S&P • 305,000 employees world-wide operating in more than 160 countries 6
- 15. 15 GE TODAY AV I AT I O N TRANSPORTATION H O M E & B U S I N E S S , S O L U T I O N S , E N E R GY Energy Services Oil & Gas Power & Water H E A LT H C A R E
- 16. 16 How will this impact industrial companies? Software is Impacting Every Industry
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- 18. 18 The partner ecosystem is our force multiplier Joint Selling System Integration ISVs Telcos Technology Partners Resellers Customized Solutions Strategic Partnerships 275+ target accounts across 30+ partners … 1,000s of certifications drive share and help build the app economy … 10x multiplier
- 19. 19 Asset Performance Management Brilliant Manufacturing Intelligent Environments Maximize operational & economic performance Increased productivity & operations optimization Optimize infrastructure performance 1. Better customer outcomes 2. Improved productivity 3. Ability to continuously add value Creating value GE Focus on Innovation
- 20. 20 For GE ~$210B of Services backlog Improvement a win-win with customers GE Opportunity
- 21. 21 Digital Twin
- 22. 22 Farm output 1% Farm profit 4% Problem – Wind Farm Optimization Objective Increase farm power by reducing inter- turbine wake induced losses Challenges Scale, Uncertainty Solution – Coordinated Turbine Control Networked Controls Controls Distributed optimization Communications Farm-wide awareness Wind: Farm Optimization
- 24. 24 Healthcare: Cloud Advanced Visualization Knowledge + collaborative ecosystem around smart devices
- 25. 25 THIS IS GE HEALTHCARE An overview 17
- 26. 26 BROAD SOLUTIONS FOR HEALTHCARE Diagnostic and Interventional Imaging Patient Monitoring Maternal and Infant Care Anesthesia and Respiratory Care Diagnostic Cardiology Healthcare IT Life Sciences Healthcare Consulting Global Services 18
- 27. 27 GE Healthcare, Life Sciences Accelerating precision medicine with tools for biotechnology R&D, biopharma manufacturing, cell therapy & regenerative medicine, diagnostic imaging, molecular & precision diagnostics Five product business units 10 000 people 100+ countries Manufacturing, research & development in US, Europe and Asia Genome & Cellular Research BioProcessCore Imaging Purification & Analysis Cell Therapy 19
- 28. 28 GE Healthcare Life Sciences Core Imaging Leading-edge contrast agents and tracers for: X-ray MR CT Ultrasound SPECT Nuclear medicine & PET tracers for diagnostic imaging & pharmaceutical research
- 29. 29 An example of exploration
- 30. 30 Life Sciences – An overview
- 31. 3123
- 32. 32 Opportunity: Cardiology as an example? Echo Lab Echo- cardiography Systems Contrast media Image Archive and Review CV Imaging CT Scanners MR Scanners PET Scanners SPECT Scanners Contrast media Imaging Agents Diagnostic ECG ECG recorder Resting/Stress Ambulatory ECG recorders Mobile recorders Treadmills EP Lab EP recording systems Combined HD and EP recording systems Digital X-ray C-arm Imaging systems Cath Lab Digital X-ray Contrast Media Image Archive and Review Hemodynamic recording Patient monitor
- 33. 33 Healthcare is evolving to a collaborative care model Current Hospital-centric Model Care Pathways Patient data consolidation Solutions Interoperable Patient Centric Open Patients Collaborative Care Model Fee-for-Service Outcome Driven Hospital centric Episodic Departments Proprietary Data silos Hospital JB35904US | Nov. 2015
- 34. 34 Challenge 1: Patient records not easily available when needed 3 4 of patient cases misdiagnosed, contributed by lack of collaboration and access1 35% 1 “Types and Origins of Diagnostic Errors in Primary Care Settings,” Journal of American Medicine, 2013JB35904US | Nov. 2015
- 35. 35 50x Challenge 2: Increasing cost and burden of managing data growth 3 5 Healthcare data growth by 2020 153 exabytes 2,314 2013 20201 exabytes of health data 1 5http://www.cio.com/article/2375691/healthcare/healthcare-why-health-data-is-a-big-data-challenge.html 2 CIO magazine. May 2013JB35904US | Nov. 2015
- 36. 36 Challenge 3: Lack of systems’ interoperability resulting in workflow inefficiencies 3 6 Interoperability of systems could save healthcare ecosystems - $30B a year1 JB35904US | Nov. 2015 1 http://www.westhealth.org/sites/default/files/The-Value-of-Medical-Device-Interoperability.pdf
- 37. 37 PredixTM : Open standards and protocols that enable rapid software development Healthcare is unique. The Cloud must address scalability and interoperability, and be built to healthcare standards InteroperabilityPrivacy and Security Data ManagementAnalyticsUser Experience High Availability JB35904US | Nov. 2015 Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.
- 38. 38 Introducing GE Health Cloud Connect Collaborate Compute PredixTM : Open standards and protocols that enable rapid software development It will deliver a scalable, elastic and secure solution JB35904US | Nov. 2015 Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.
- 39. 39 Plus, it’s more than a platform. It’s designed to be an ecosystem Third Party Applications 500,000 GE Healthcare Imaging Devices GE Centricity Cloud Applications PredixTM : Open standards and protocols that enable rapid software development Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.JB35904US | Nov. 2015
- 40. 40 Remote Clinicians Hospital Advanced Visualization Enabling greater value from technology investments… 1 2 3 Data sent to Cloud Images processed in Cloud View & manipulate images on browser devices GEHC Cloud + AV Algorithms Leverage cloud compute power to enable access to non-diagnostic 3D views & Image post- processing Enable research institutions and 3rd party providers to run and share prototype algorithms Algorithm Developer Algorithm Tester • Anywhere access to 3D views (Rads, Specialists, Device Manufacturers) • Navigate findings, and rotate 3D segmentation • Publish and share algorithms • Analyze results (automatic & assessments) • Batch processing of algorithms on large volume sets • Algorithm Examples: o MR – VIPER, MR-bone… o PET – CFR, Q.Clear o LS – Cortex ID Increased scalability, mobility and flexibility to drive improved clinical & productivity outcomes Algorithm Framework JB35904US | Nov. 2015 Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.
- 41. 41 Compute: Leveraging cloud elastic processing for ubiquitous access to reconstruction and latest clinical insights algorithms Could enable 15,000 GE Healthcare MRI units with risk quantification for Alzheimer’s, Dementia, Multiple sclerosis, Trauma and Epilepsy. Could enable 2,500 GE PET units with risk quantification for Alzheimer’s and other Dementia, with FDG and flutometamol Could enable 30,000 GE CT units with on-demand model based reconstruction for lower dose on pediatric patients 1 Alz. Org , 2015 ALZHEIMER'S DISEASE FACTS AND FIGURES, http://www.alz.org/facts From 5 million today to 13.8 M Alzheimer’s patients in the US by 20501 JB35904US | Nov. 2015 Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.
- 42. 42 42 1 Internal budget documents. Annual spending in 2015. 2 Internal documentation. Predix Cloud Messages. Any descriptions of future functionality reflect current product direction, are for informational purposes only and do not constitute a commitment to provide specific functionality. Timing and availability are subject to change and applicable regulatory approvals.
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- 45. 45 Customer interest should always be directed to Medical Affairs or a trained Sales Specialist Unless an individual is properly trained, qualified and authorized to promote a GE Healthcare pharmaceutical product, they must not attempt to promote in any way a named pharmaceutical product. Important!
Editor's Notes
- In 1996 the idea of 1b people being connected was inconceivable – but amazon asked about providing services in retail. I have bought 50 books – none of them hardcopy- only get them at events. Pay pal competes with credit card companies. Netflix has killed blockbuster video – the last stores are closing By 2020 50B machines will be connected – everything will be monitored, everything measured. We see this coming at GE- so we are asking what will the world look like. 50B machines getting connected will open up new opportunities and displace old product services.
- GE looks very different to what it did a decade ago. Operating in 5 main pillars. A refocus on our Industrial heritage if you like.
- But this refocus does not mean a travel back in time. Yes, its all about the machines, but we can no longer sell a customer just the machine, we have to think about the solution that machine is part of. Why does the customer need the machine? How will they use it and in that context will it do the optimal job for them. For us in healthcare this is no different. We have to move away from selling the widget in a box, bottle of media or pot of imaging agent – where does it fit in the process? How does it deliver the desired customer outcome? Software impacts everything we do, if not in the widget, media or imaging agent – software runs the machine or application to which it has been purchased for. Digital is transforming the way business is done, creating new competitors disrupting the market place, enabling the solutions customers require. The companies on the screen here have democratised their industries, enabled and empowered both partners and customers/consumers. Tradition customers have become suppliers, and customers at the same time – genuine partners where both parties get something from the arrangement. The wider customer base gets more choice, becomes more knowledgeable, expects - demands more.
- This is how we see this mindset applying to our world.
- But of course, we cannot do this alone – we have competitors in all our markets, we do not make all the components of every process that we supply to. Neither do the likes of Apple, Microsoft, or Samsung. However, lots of stuff still works very on their systems even though they have not developed them themselves. For GE its building on our existing relationships and building new ones to meet our customers needs.
- Core Imaging, Bioprocess, Cell Therapy, Purification and Analysis, Genome and Cellular Research. For those of us in the company that wish to develop new radiopharmaceuticals, we are in competition for resources with the rest of the business. CTO comment that the investment and risk associated with NPD in Core Imaging is eye watering-large when compared to all other parts of the business.
- Biology to Therapy: Data collection and storage. Access to that data – secure yet simple. Analytics, data is great but useless unless it adds valuable information to your knowledge. And the analysis required is a little more than a students’ T-test! Deep learning algorithms Machine Learning Natural language processing. A patient with Heart Failure will have many structured data points in their work up. A patient with mild cognitive impairment will have pages of notes or audio files. Different analytical approaches will be required – but the presentation back to the physician will be very similar. What form will that take? Decision support apps? A dashboard extension of the EMR? Both or more?
- Barbara to add script