1. Innovations in Digital Health:
The pace of innovation in software, across all industries, has consistently
been much faster than anything else. Within traditional health-care
innovation linked with “biological sciences” such as the pharma industry,
the cycles of innovation are slow.
It takes 10 to 15 years to develop a drug and actually be in the
marketplace, with an incredibly high failure rate. Safety is one big issue &
it is warranted that drug-administering agencies such as Food and Drug
Administration are cautious. Innovations in the Digital Health area, on the
other hand, often have 2 to 3 year cycles and hence the rate of innovation
goes up substantially.
Explosion of Devices in Healthcare:
2. The explosion in devices is significant however it’s the explosion in
actionable data that matters. As we have more and more sophisticated
wearables, that can continuously measure things ranging from physical
activity to stress levels to emotional state, we can begin to cross correlate
and gain insights into how seemingly unrelated aspects of our life are
indeed interconnected. Already with the current state of devices and
sensors, we are gaining meaningful data on how physical fitness may be
linked to mental acuity.