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How Is Technology Growth Changing Healthcare?

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Exponential technologies are those that are often doubling in terms of their price or speed or performance every year or two, I think most folks are familiar with Moore's law. The speed of computing has gotten faster and cheaper to the point where our smartphones have about a billion times the price and speed performance of the supercomputers in the 1970s.

So that's had an exponential trend getting faster, faster chips smaller, smaller that's happening in other elements that are impacting healthcare. For example well, other things that are expanding our mobile health, number of folks with cell phones, social media is essentially another exponential trend.

The integration of new technologies something like 3D printing, so I'm wearing a 3D printed ring, is ramping up and doubling in terms of its and capability. It's happening in genomics. So 12, 13 years ago the first genome, several years, billion plus dollars, few years ago still a million dollars per genome, we're now dropping the cost of sequencing a whole genome dramatically.

So that's what I mean exponentially doubling 2, 4, 8, 16, 32 by 30 steps you're at a billion as opposed to 30 linear steps. And it's the convergence of exponential technologies, not any one technology, that I think is most impactful, it could be impactful on re-inventing elements of healthcare.

The fact that you can now have small accelerometers in your smartphone that 20 years ago were $10,000 and really large, be a dollar, and essentially the size of a resistor and carried on your wrist or in your phone, it is exponential technology applied to health care. Artificial Intelligence leveraged by faster computing as evidenced by IBM Watson, and now IBM is sending Watson to medical school, and is even using Watson as its first medical application for better diagnostic and therapeutic decisions for lung cancer and slam-kenneling/g is an example of exponential technologies coming together AI, diagnostics.

The fact that IBM Watson can read 1000 papers a minute, and infer potentially smarter personalized decisions for the patient and the healthcare system is where exponential technologies get super powerful, and we don't often appreciate. I think as organizations, as companies, as individuals how fast that's all moving.