The Covid-19 pandemic caused many changes across all aspects of our lives, resulting in more digitization of healthcare, our daily lives, the economy, and so on. The amount of money flowing into the industry is staggering. According to Deloitte the company, more than 70 billion dollars were invested in all quarters of this fiscal year to date in health Robotics. This is just for the US by itself.
With all the companies vying to be the first in the field We are likely to witness more transformations in the way healthcare is delivered. According to some guests will reveal, we’ll be seeing more benefits from AI, big data Robotics, and the latest innovations in medical Robotics like 3D printing, and more patient-centric health care. However, it is essential to make sure we focus on the empowerment of patients and health-related prevention, not just treating illnesses in the near future. Also, we must ensure that the benefits don’t just apply to a specific segment of society.
Benefactor and COO of Mercuries
The main issue is that the same thing as I did on the phone, we’ll witness an explosion in the availability of data. However, that doesn’t mean it’s always high-quality data. However, as an example, in our situation there are a variety of high-quality and targeted healthcare applications like 3D scanning applications for iPhones and Android.
We can truly make use of the abundance of data that we will be able to access in the next couple of years. The data can then be repurposed to new models for business, by making new things from these 3D or patient data. Thus, there are diagnostic models for business as well as therapeutic business models or, in our instance production business models.
I’m sure that there’ll be plenty of new fields not just in prosthetics but also in. There will be a number of companies that address the needs of patients that were not met before, and especially at a lower cost scale. As you stated Vinay it is possible to increase the size of our service now that it’s a cloud-based model. This could disrupt certain traditional producers.
Hospitals and Digital
That’s great and an extremely difficult question. It’s difficult because if you had asked me this question a couple of times ago, I could be more confident about the outcome within the current structures. Now, what we’re seeing is a great deal of discontent that these structures haven’t produced nearly as many the people would like to see. Therefore, I believe there’s a chance of consolidation in the market offerings. However, on one hand it’s an inevitable possibility that larger organizations will provide more comprehensive options of solutions that offer an end-to-end product.
There’s a huge issue about how hospitals and digital patient information will develop and whether they’ll be accessible or not available to developers. Organizations like ours can provide some intelligence to certain databases they provide. I’d like to see the data are made clearer, so that it’s easy to scale the services across the NHS instead of doing only one thing in one hospital, but it’s totally different in another hospital. It’s an exciting field however, I believe it’s difficult to say the direction it’ll take within five years.
Healthcare do you mean to interoperability?
Data Governance and Interoperability. This is why it’s a matter of simplifying the process. Simplifying the way in which information governance is implemented within a hospital trust could be a significant step forward. This would free up a huge amount of time, which is a hindrance to the work of many currently.
I can see an era where there’s “sand”-like” data environments that developers could use to create products using pseudonymous patient data which can be then applied to actual patient data with no uncertain about the impact on real life. Similar to this, it’s happening in the banking industry effectively. Therefore, I’d like to see something similar being developed, as I believe that could be an enormous chance in the NHS.
Healthcare co-founder of Laptop
Perhaps, similar to what other industries have been in this process that empowers consumers, being accountable for their own information, of their results. I believe the health technology platforms are headed towards a state where consumers have control over what they do with their data, and what they do with it, and how they use it, and how.
I am of the opinion that health is not going to be any different. For instance, there’s the nutrition aspect, which is changing the way we and our food need to consume. The transportation aspect is transforming the way we travel as well as the way we live, and the place we reside. I believe there will be a massive transformation happening all over the world and health is an important one, basically making it easier for the user to be at the center and letting them choose what they would like to do using their health data and habits.
Head of R&D at We WALK
It’s a great question. Can I forecast the future? Perhaps, but not necessarily. I’d suggest, look, in the end, what we’ve learned from the visually impaired is that it is impossible to just step into the room and reinvent the wheel. People have been living with certain requirements and standards, as well as certain expectations and demands for years.
Mobility specialists and orientation experts such as these are the foundation of visual impaired community. Therefore, you shouldn’t introduce a device like WeWalk or even a new device that completely eliminates the smart cane, and then say, “Oh, well, using this device you’ll be able to complete everything with perfection.” There’s nothing like that.
In five years’ time, I think the foundations will be the same. I believe that orientation and mobility as well as the cane with white color will remain essential elements of daily life. But it’s only that there will be technology advancements such as our smart cane such as our navigation app as well as various assistive tech providers will be more widespread and integrated.
If you take a look at the NHS for example making use of technology that uses digital for connecting people to GPs eliminates the need to traveling. This means that it keeps the core service the same as you’re still able to meet with your doctor. It’s just made it more convenient to access, and easier to use. That’s expected to remain the trend. I don’t believe that anything will happen within five years that will totally change how we work and live our lives.
It’s true that I say this I’ve been through an epidemic that has changed our the way we work at home, of course. However, I believe that technology such as WeWalk will be an important impact on mobility within five years. Therefore, it won’t only be a technology device that’s brand new, but instead an ongoing recommendation which has placed its mark on the list of technologies used by people with visual impairments.
The same goes for other tools for mobility that attempt to connect technology. This is a fascinating trip ahead. We’ll continue to refine it, and then growing it. As I’m sure you’ll realize we’ll be shifting to keep up with the changes in our relationship alongside our communities. Our vision is determined by the needs of our community. In five years, we’ll strive to provide our community what they want.