Three takeaways from the Health 2.0 Innovation Theatre of the Digital Health Tech Show
It was Biotaware’s first time at the Digital Health Technology Show 2017, an event claimed to be the leader for medical technology innovation. This event was co-located with The Wearable Tech Show.It was held on the 7th-8th March at ExCeL Conference Center, London.
There were a lot of medical innovation discussion, where it featured topics on the future of healthcare and the latest disruptive technology transforming the medical sector. There were delegates and companies attending from Europe, the USA and globally
The event featured a Health 2.0 Innovation Theatre track. It hosted several startups, product launches and demonstrations and showcased the latest innovators working within preventive healthcare. In addition, there were leading companies in technology who are disrupting medical provision, which included sensor companies, wearable devices, app developers and cloud based solutions.
Here are three takeaways from the Health 2.0 Innovation Theatre at the Digital Health Tech Show:
Data is just data until used right
Big data is certainly a buzzword in healthcare. Over the last decade, pharmaceutical companies have been aggregating years of research and development data into medical databases, while payers and providers have digitised their patient records. Big data could transform the health-care sector, but data is just data until it is used right, according to Bill Bunting, Co-Founder of Aloha Health Inc. It is clear that the industry must undergo fundamental changes before stakeholders can capture its full value. Creating value and insights in big data is still a work in progress.
Personalising patient care and patient centricity
Patient centricity was extensively discussed to be the heart of the healthcare system, which is consistent with the discussion at another event we attended i.e. WIRED Health 2017. Patient-centricity means understanding the patient’s experience of his or her condition – what the individual patient values and needs and what is most likely to result in a positive healthcare outcome in that context.
Another key area that has grown and continues to do so is patient engagement and compliance. The use of information technology has made patient engagement and compliances easy, which enabled patient centricity.
To progress further with patient centricity, top leaders will not only have to develop innovative patient-centered models, they will also need to achieve enterprise-wide culture change and introduce the new leadership competencies patient-centricity requires.
Wearables, devices and IoT in healthcare
The great opportunities for our 21st century health and care system is harnessing the power of integrated data and Internet of Things (IoT) technology to improve the delivery of effective health and care services.
The development of specific software programs has allowed the healthcare industry to classify illnesses, their causes and symptoms into a massive database. Martti Perälä, Director of Sales and Business Development at Bittium shared the work they have done in utilising wearable sensors in healthcare and well-being through their IoT system for this purpose.
IoT enables devices gather and share information with each other and the cloud so that data streams can be collected and analysed accurately and at breakneck speeds. However, putting a wealth of complex devices together is problematic on several levels, particularly in standards. IoT will rely on even greater standardisation of communications protocols in the future.
Artificial Intelligence (AI)
Artificial Intelligence is redesigning the healthcare landscape. We have not yet reached the state of “real” AI, but advancement of it can be seen in many devices. Janis Jatneiks, CEO of WiDE explained the commonality between AI and prostheses and how algorithms are used to 3D print prosthetic limbs. This has huge potential to help people with special needs.
AI in healthcare and medicine could organise patient routes or treatment plans better and provide physicians with literally all the information needed to make a good decision.
Progressing with the digital health industry
We have seen progress in stakeholders of the industry adopting digital health in their clinical and business processes compared to 5 years ago. This is a great achievement given the slow uptake of technology in the healthcare industry. However, the issue of healthcare industry not adopting technology is unfortunately still quite common. For example, the NHS adoption of technology was heavily discussed in the two day conference. There were folks on one side who were adamant about NHS uptake of technology, describing it as very challenging seeing that the organisation is not commercially driven. On the other hand, delegates representing the NHS argue that innovation in digital health care does exist in the NHS system, insisting that it is slowly but surely progressing with digital health adoption.
Nonetheless, innovation in healthcare is definitely rapid and we expect to continue witnessing more exciting developments in the future!