Never before have there been so many promising breakthrough technologies available – and so many ways to capitalize on them. From the Internet of Things (IoT) to machine learning, cloud to blockchain, analytics, smart devices, and more, these innovations promise to transform industries and offer previously unfathomable possibilities.
By 2025, IoT alone will produce an economic impact of $11.1 trillion, of which healthcare will contribute up to $3.3 trillion (considering IoT’s usage in human as well as in public health and safety) – according to McKinsey Global Institute.
Roche Diagnostics: Reimagining chronic disease management
But how exactly can these innovative technologies be harnessed to transform healthcare and save lives? Let’s look at how a pioneer is already doing it – Roche Diagnostics.
Roche Diagnostics wanted to reimagine the prevention and treatment of illnesses on a grand scale. It wanted to do so in ways that will empower people to be proactive with their own healthcare. The company had a vision to allow people to age gracefully, without the pain and burden of chronic disease – the leading cause of death and disability worldwide. Roche decided to target type II diabetes, an increasing prevalent disease worldwide.
Knowing that diabetes can be treated and its consequences avoided or delayed with diet, physical activity, medication, and regular screening, Roche Diagnostics turned to future-facing technologies – a connected health platform and an open cloud platform-as-a-service providing unique in-memory database and business application services – to create an innovation to that end.
Enter Roche’s Accu-ChekView, a new package that combines a blood glucose monitor, a wearable fitness tracker, and an app. With Accu-ChekView, a patient’s vital signs and blood sugar level can be monitored in relation to their physical activity level in real time. The doctor can observe the patient remotely, and the patient can communicate with the doctor’s office.
Accu-ChekView also fosters a stronger connection between patient and doctor. Patients feel supported and empowered. Lifestyle slip-ups can be caught quickly because the app will red flag the issue, and the doctor and patient can work on solutions together. The innovation has motivated people to take charge of their health and is giving doctors real insights into patients’ lifestyles they never had before.
Pre-diabetic people can now conceivably reverse symptoms and lead a normal, healthy life. And doctors are now learning about the causes of chronic illnesses much faster, with a “bird’s-eye view” of a patient’s life in action.
National Cancer Centre Singapore: Advancing and personalizing cancer treatment
This is not just happening in the western world. Leading organizations in other parts of the world are also harnessing future-facing technologies to revolutionize healthcare.
National Cancer Centre Singapore (NCCS) recently announced a co-innovation project to help clinical research in Singapore as well as advance the treatment and care for cancer patients. Leveraging a sophisticated connected health platform – the first of its kind in Singapore – the platform is targeted to integrate both structured and unstructured data such as clinical and genomic data.
By opening access to critical data held throughout the healthcare system and generating real, actionable insights for researchers and physicians/oncologists, medical professionals will be able to advance treatment and care for cancer patients. Armed with relevant, powerful insights, healthcare practitioners will be able to generate new treatment ideas – from drugs, to devices, to care plans – and deliver the best outcomes for patients. It also enables the medical community to make sense of the growing amount of data derived from advances and digitalization of the medical industry. This includes data such as medical records and biomolecular profiling of a patient’s tumor cells.
NCCS will also tap innovative technologies to gain deeper patient insights and allow the organization to access real-time analysis and reporting that together lead to personalized treatment options.
Tip of the iceberg: A whole new world for healthcare
And this is just the tip of the iceberg in what new breakthrough technologies can offer.
Examples of functions that transformational technologies can enable include applying blockchain to strengthen privacy and security, using machine learning / artificial intelligence to generate timely strategic insights that can vastly improve health outcomes, and helping healthcare organizations or life sciences companies convert unconnected market offerings into data-driven connected products (IoT).
We are talking about a new healthcare world where patients can get personal health dashboards to drive better health outcomes. Healthcare providers can get access to comprehensive and longitudinal patient data sets with personalized decision support. Medical research can understand risk factors for diseases and drivers for better outcomes. And pharmaceutical companies can benefit by having access to real-world evidence to inform their research and development efforts while allowing them to run innovative clinical trials.
The future is nearly here. It’s time to transform!
Find out more about how other leading organizations are capitalizing on innovative breakthrough technologies.