Tag: Innovation Insider

Meet your healthcare providers post Covid-19: Greater agility, better infection containment, fast diagnostics & telemedicine

When the coronavirus surfaced in China in December 2019, it set off a domino effect worldwide – with the number of active cases snowballing rapidly.  By February 2020, the daily increase in people falling ill with Covid-19 was in the thousands and -though international borders closed down and households went into lockdown – active cases skyrocketed in June to approximately 130,000 new cases a day, according to Worldometer.  Major global cities from New York, to London, and Mumbai found their healthcare systems direly overwhelmed by the tsunami of symptomatic citizens. Many countries tried to “flatten the curve” of the contagious infection to manage the unprecedented overload on public health systems, and to distribute the demand for medical care, intensive care unit beds, and ventilators over a longer period.  This large-scale global pandemic made healthcare – an industry traditionally slow to adopt innovation because of cumbersome regulatory and governmental pathways, low IT budgets, legacy systems, lack of trained personnel, and more – ripe for disruption. Technology entrepreneurs, unfettered by politics, bureaucracy and public financial constraint, entered the mainstream for the...

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The Future Came Early

Traditionally, corporations that invest in innovation during a crisis outperform peers by up to 30% during recovery, a recent McKinsey report reveals. Ironically, the same report also reveals that current corporate commitment to innovation has been decreasing as CEOs prioritize their core business in the wake of Covid-19. A brief look into the history books reveals another truth: The average life expectancy of corporations on the S&P 500 has been decreasing sharply — from 60 years in the 1950s to less than 20 today. The main reason is tech disruption, or the introduction of a new technology to market that renders all previous products obsolete.  But while tech disruption is nothing new — it’s been with us since the industrial revolution — the pace of technology adoption has increased sharply over the years. It took Americans about 50 years to adopt electricity in their homes, but only 10 to adopt the smartphone.  Then came Covid-19, which has accelerated tech adoption like never before. Amazon is hiring 100,000 new employees to meet record demand for e-commerce. Online grocery shopping has...

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Download ‘Dawn of A New World’: How Pandemic-Related Innovation Will Change Everything

The latest issue of OurCrowd’s Innovation Insider discusses the effect of the COVID-19 pandemic on technology, medicine, and entrepreneurship. In this publication we theorize that these recent developments are not only designed to help adapt to life during the pandemic, but are the beginning of a new reality. The issue covers topics such as telehealth, travel, retail, and finance. Download now or get a preview below. “Intensive Care” by Medical Investment Analyst Ariel Krause discusses the long-term changes she anticipates as a result of the adjustments made during the pandemic. This includes increased time-efficiency with medical testing and diagnoses. Krause also anticipates that there will be “greater agility in how hospitals and equipment are structured.” In order to “optimize infection containment and control,” Krause expects hospitals will move away from their curtain separated rooms. In “Have a Biosafe Flight,” Yakir Machluf, Mobility Lead at OurCrowd writes about the changes we can expect regarding air-travel and increases in biosecurity. Machluf notes that it will likely take years for airline industries to reach their 2019 numbers, but with the help of startup companies,...

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Turning the Table

From wildfires in Australia to flooding in the American Midwest, the effects of climate change around the world cannot be ignored. Natural disasters are nothing new, but they are being intensified by climate change as never before. And we humans have our fingerprints all over the problem. Our food systems – what we eat and how we procure it – are major drivers of rising temperatures and extreme weather patterns. As it exists today, our global food systems contribute 25% of the greenhouse gases that give rise to global warming. With population growth topping 1% per year and per capita calorie consumption increasing across the world, global food demand will continue to rise. Meat and dairy production bear much of the blame for our food’s impact on the climate. Livestock accounts for 14.5% of the world’s greenhouse gases — more than all forms of global transportation combined. Worse still, global demand for meat has doubled over the past 30 years as nations become wealthier and larger. The time has never been better for new technology to disrupt these alarming...

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Your body, disrupted

In April, scientists at Tel Aviv University “printed” the world’s first 3D vascularized heart using a patient’s own cells and biological material. This is just the tip of the medical iceberg. We expect healthcare to change in the next decade as disruptive technologies promise to improve patient outcomes, making medicine more personalized, effective, and interconnected. The Path to Personal Care: Genetics How similar do you think you are to a banana? You actually share 60% of your genetic code with this healthy snack. DNA is the core building block of every living thing, and minute changes in genetic codes are responsible for unbelievable differences between us. From 23andMe DNA tests providing personalized reports about your ancestry to Igentify revolutionizing genetic testing and counseling, scientists are harnessing our understanding of genetics to provide real value to society. Medicine still relies heavily on general population statistics. The doctor evaluates your symptoms, considers your age, weight, family health history, and ultimately determines treatment. But far too often we simply do not respond and return to the doctor, having wasted money, effort, and time....

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