Future of Life Science

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Future of Life Science keynote from Dr. James Canton, Institute for Global Futures, www.FutureGuru.com

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Future of Life Science

  1. 1. Innovation Economy and the Future of Life Sciences Dr. James Canton CEO & Chairman GlobalFuturist.com
  2. 2. Institute for Global Futures • Founded 1990 • Think Tank • Advise Fortune 1000 about the Future • Strategic Innovation Management Practice
  3. 3. Worldwide Clients
  4. 4. Key Themes •Innovations will Shape Future •Innovation is essential to competitive advantage •Consumers driving change •Global LifeSci Digital Paradigm
  5. 5. Future Maps: Visualizing Future Scenarios
  6. 6. Welcome to the Extreme Future
  7. 7. Innovation will Shape Competitive Advantage
  8. 8. Extreme Future • Accelerated Change • Radical Innovation • Hyper-Competition • Convergence • Speed to Market
  9. 9. Innovation Impact in Early Stage • Moore’s Law • Bandwidth 3x • DNA 2x • Internet 3x • Wireless 2x • Multimedia • BioIT • Chip Architecture
  10. 10. 1/3 of GDP is Tech Driven
  11. 11. The Innovation Economy
  12. 12. Innovation Enabled Business Agility • Competitive Advantage •Innovation investor •Fast Change Agent •Knowledge Enabling •Customer/Market-Centric
  13. 13. Future Innovations will Drive Competitive Advantage
  14. 14. Innovations Will Come Faster
  15. 15. Get Ready for Radical Innovation
  16. 16. Disruptions Will Cut Deeper
  17. 17. Define Innovation Ideas that create value: • Customer • ROI • Productivity • Market share • Competitive advantage
  18. 18. Define Innovation Ideas that create value: • Speed • Growth • Efficiency • Agility
  19. 19. Strategic Overview: Emerging Trends
  20. 20. Will You Be Prepared?
  21. 21. Key Themes This is the Early Stage of a Post-Industrial Transformation
  22. 22. Digital Darwinism Innovate, Adapt Or Die
  23. 23. New Era: Innovation Enabled Business Agility •Fast innovation •Leading-edge •eBusiness savvy •Commitment to learning new •Customer focused •Manages innovation process
  24. 24. Consumer Demand Drives Innovation
  25. 25. Emerging Consumer Colonoscopy Mammogramm PSA screening Genomics Market Take preventive drugs Genotype Healthier Algorithms/ bioinformatics Personalized disease screening/ medical Genes intervention Surrogate Probability markers of disease Proteomics SNPs Lifestyle modification Phenotype Environment / Longer family history Lives Quit smoking Watch nutrition Exercise Reduce sun exposure
  26. 26. quot;Driving Medicine Below the Disease Symptom Linequot; Progression Post treatment testing SYMPTOMS Drug / device intervention APPEAR Diagnosis – prognosis Screening Predisposition testing HEALTHY Source: Millennium Predictive Medicine; Start-up 2000
  27. 27. Post Genomic Medicine’s Impact on– Consumers •Predictive •Consumer empowerment •Lifestyle management •Changing how medicine is viewed
  28. 28. Distributed Real-Time Medicine
  29. 29. Conquering Disease at the Atomic Scale: Designed Care • From InSilico Biology, to Molecular Delivery, to Intracellular NanoBiology • The Evolution of Applied NanoMedicine
  30. 30. Networked Diagnostics FutureTrends in Health Care that will Shape the 21st Century • Personalized BioData Templates
  31. 31. Top Ten LifeSci Trends 1. Economics of Discovery Change 2. LifeSci Biz Process Transformation 3. Nano-Bio-IT-Neuro Convergence Paradigm 4. Human & Health Enhancement Market
  32. 32. Top Ten Life Science Trends 5. Globalization of Digital LifeSci Infrastructure 6. Optimizing Health Care Quality & Cost 7. Accelerated Collaboration or M&A
  33. 33. Top Ten Life Science Trends 8. LifeSci Consumer Demands 9. Post-Genomic Data to Knowledge Management Explosion !0. New IP Asset Class: LifeSci Digital Innovation Architecture
  34. 34. Summary: Future Challenges 1. Emerging pharma-devices 2. Pharma-genomic targeting 3. Non-traditional competitors 4. Alliance with health care ecosystem 5. Renewed privacy and ethics challenges 6. Emergence of predictive medicine

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