Healthcare and life science organizations are moving towards digital transformation to decrease the cost of care, improve collaboration, make data-driven clinical and operational decisions, and enable faster development of new therapeutics and treatment paths. Identifying the right cloud technology to reach these goals can be challenging, and many organizations lack the internal resourcing and expertise to assess, build, and deploy their own solutions. As a highly regulated and complex industry, various global compliance requirements can further complicate healthcare and life science organizations' moves to implement digital initiatives. To help customers accelerate their transformation, we are introducing AWS for Health, an offering of curated AWS services and AWS Partner Network solutions used by thousands of healthcare and life sciences customers globally. AWS for Health provides proven and easily accessible capabilities that help organizations increase the pace of innovation, unlock the potential of health data, and develop more personalized approaches to therapeutic development and care.
Babylon, a world leading digital-first, value-based care company today announced a collaboration to explore opportunities to improve the accessibility, affordability and quality of healthcare for people across the world by using their combined AI, Machine Learning and Cloud technologies. The new collaboration has the aim of exploring opportunities to accelerate and enhance current AI and Machine Learning, utilizing them to shift the focus from sick care to preventative health care. "Babylon and Microsoft working together shows our combined commitment to build on our leading-edge digital health technologies and deliver better access and greater affordability for health systems and patients alike", said Ali Parsa, Chief Executive Officer, Babylon. "We share the same vision of healthcare and believe that by bringing our assets together we can further the digital health revolution, offer immediate access to all-in-one personalized care and we can enhance the consumer experience, improve patient outcomes and reduce overall costs." As part of this relationship, the two organizations will explore opportunities to innovate and deliver across product, cloud and AI research with the view toward increasing the impact of their complementary healthcare technologies and extending the Babylon healthcare platform.
Nowadays, the healthcare sector is changing at a rapid pace. What once was a conventional industry that worked around many rounds of contact between doctor and patient almost always led to a shallow positive feeling that telemedicine has made the relationship between the doctor-patient real-time and without geographical constraints. A while back, we discussed the healthcare developments that would govern 2018, and now that we are getting ready to start a new year, it is only fitting that we look at where technology is going for the healthcare industry. Let us look at top healthcare trends for 2020 and beyond without further delay. AI is altering our view on the delivery of modern-day Healthcare.
New technologies like 5G and edge computing are making healthcare more connected, secure, and efficient. When healthcare practitioners must make life-or-death decisions, the quality of information at their disposal is critical. Having more specific data -- and being able to access it in real time -- leads to more informed decisions. The Internet of Medical Things (IoMT) makes this possible through an infrastructure of connected medical devices, software applications, and health systems powered by 5G wireless technology and edge computing, which enables connected devices to process data closer to where it is created. Global healthcare funding to private companies reached a new quarterly record of $18.1B in Q2'20. Get the report to learn more.
Hyland, a vendor of content services and enterprise imaging technologies, will have a major presence at the HIMSS20 Global Conference. It's a big player in healthcare information technology, and has a team with decades of experience in the industry. Ahead of HIMSS20, Healthcare IT News interviewed Susan deCathelineau, senior vice president of healthcare sales and services at Hyland. She offers her perspective on the key trends impacting conference attendees. She identifies interoperability, AI for clinical uses, and providers finally embracing the cloud as three trends that healthcare CIOs and other health IT leaders should be on top of.
I t wasn't long ago that technology was a topic only discussed among techies. In fact, technology was an elective course in many graduate school programs until very recently. Today, technology is part of our daily lives so it's not surprising that technology is very much a part of any industry. It's also not surprising to see the direction technology has taken. It has evolved from a way to communicate with each other and store important information, to a way to interact with each other, express ourselves and manage our lives. The drive to monetize our personal information for the purpose of creating the latest and greatest target marketing algorithm has paved the way for artificial intelligence or AI. Google was a pioneer and early adopter of this type of AI, gathering information about our interest based on our searches and pairing businesses and products we would likely use. It is this type of AI that brings customers to businesses like an arranged marriage. Collection of data through cloud-based applications originally created for business solutions slowly evolved for consumer convenience for everything from banking to entertainment. Amassing raw data to create solutions for everyday activities helped to speed the process of AI for the birth of AI. Had we not partaken in taking information once only saved on our desktops and placing it on cloud servers, AI may not have evolved into the presence of daily life today. Years ago, reluctance and lack of understanding of how digital information is used kept many people who are not computer savvy from partaking in this community. Today, thanks to companies like Facebook and Amazon, people readily share their information with companies with a basic trust that the information will only be used for the purpose intended. This is why, even though the information is occasionally breached, we are so willing to join communities like Citizens app and Waze which use crowd sourcing for the collective purpose of helping each of its participants. Crowd sourcing applications can then place ads as a form of revenue, though not all do. This rather invasive, though passive, business model hones in on our inherent need to share information in order to benefit from the information shared by others.
Fitbit Inc. plans to move its platform to Alphabet Inc.'s Google Cloud as it steps up efforts to integrate into the broader health ecosystem. Through the arrangement, announced Monday, Fitbit FIT, 6.23% will make use of Alphabet Inc.'s GOOGL, 0.15% GOOG, 0.14% health-focused application, and employees from the two companies will work together on interactions with health systems, Fitbit said. The company expects that the move will enable it to more easily interface with electronic medical-records software and leverage artificial intelligence to help spot patterns in health data. Ease of integration with existing systems and the ability to scale are "the types of things that future customers would look at and do look at," Adam Pellegrini, the head of Fitbit's health solutions business, told MarketWatch ahead of the official announcement. "When you add on the machine-learning aspect, then absolutely people will look at this as a smart system that can scale and leverage the Fitbit brand."