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05 Mar 2021
Manahel Thabet

Digital Dollars

Was the normal economic situation good enough to talk about concerning the need to return to it, or did we have a real chance to change to a better situation, where we stand together to achieve a better situation than before?

In the art of thinking and in the business world, there is a concept which refers to a problem in its context as “opportunity”, where the problem is an opportunity to see different schools that are obscured by the illusion of sufficiency, when in the context of the “normal” situation, and to the extent that the world faced this in all sectors, from the collapse of the economy in 2008, as much as it was able to look at other angles that were in the context of the normal situation unforeseen, the problem was an opportunity. Yet, the opportunity that formed the features of the fetus in the womb, that fetus was only part of the system, for that which the world is experiencing today is the “knowledge system”.

While the two-chamber system is the finest of humanity, in the context of governance systems, the knowledge system is the finest that the world has reached in the context of totalitarian regimes, and technology is the best manifestation of the advancement of the human mind throughout its history.

Given the repercussions of the 2008 global economic crisis, and the reasons for its emergence, we find that the black economy and financial corruption have been the most important of these reasons, and those causes have brought digital currencies to the surface, before which they were merely talked about, edited by those interested, and with a written perception on paper.

Digital currencies have since emerged as the most effective remedy that could solve the repercussions of the global economic meltdown. The crimes of currency counterfeiting, the problem of centralization, the intermediary, or third party, in the world of banking transactions in all their forms, and the money laundering offences through which they are often carried out, in addition to many manifestations of the black economy, which led to the collapse of the world economy and the total paralysis of its movement, as a result of which the awareness obtained was one of its most important tools, and one of those most important tools was consistent with the demands of technology. Its style is a tool that has been relied upon as an economic manifestation that saves itself from the scourge of the black economy and mitigates its problems to the greatest extent.

In the same vein, the U.S. government announced a few days ago its digital currency Digital Dollar (Vidbitcoin) to be a store of value in both U.S. and global financial transactions, and to replace the traditional banknote – though at least, if not for the time being, it will undoubtedly be in the future, with a complete body and character.

Countries other than the United States of America had previously announced their alternative digital currency, rather than the traditional paper currency – the first in the Middle East and the Arab region, the United Arab Emirates, which launched its project in this context with the represented national digital currency, as well as its digital currency “M Coin”, supported by gold; then, in addition, there are banks within the borders of the State in partnership with banks in Saudi Arabia, banks which have developed digital currency projects to facilitate transactions among them, and have succeeded in this and succeeded in doing so – among them is the “Transient” digital project – and most importantly, the UAE is the global capital and the first market for digital currencies, where sales reached more than $300 million, surpassing the United States of America, which had been at the forefront of the market for a long time, and represented more than a quarter of the total money spent on cryptocurrency offerings until 2020.

Finally, it can be said that, to the extent that the global economic crisis has had repercussions, the more likely it is that this problem will become an opportunity to achieve more meaningful situations than the “normal situation”, which the world had before; similarly, the world must deal with the repercussions of today’s Corona pandemic and seize this real opportunity for change towards better alternatives, provided by this serious problem, and to modernize the mechanisms of dealings and instruments in all areas, including the financial currency sector. And to talk the rest.

Author : Manahel Thabet
Published March 05, 2021
Al Bayan Newspaper

21 Dec 2020
Capacity for Innovation

The 5 Steps That Will Boost Your Creativity and Capacity for Innovation

Today I came across a wonderful article about the creative capacity of one of the characters that I find most fascinating: Albert Einstein and I remembered something I learned from my professor in neuroscience, Dr. Irena O’Brien, when she was talking to me about the science behind the insight generation process or those “Aha Moments!” that we have all lived at some point.

He just gave Albert Einstein as an example, who described his own process of generating these “Aha Moments!” take a big speculative leap to a conclusion and then trace the connections to verify the idea .

But, perhaps like me at that moment, you are wondering what is it to make a speculative leap to a conclusion, and the answer is to think of unconventional, non-obvious explanations or solutions, even without apparent logic, and then how Einstein did trace the connections to verify the idea.

When Albert Einstein developed the theory of relativity, he made a huge leap over the traditional laws known so far. And when I think of great innovators, like Steve Jobs and his idea of the creation of the first iPod, John F. Kennedy and his speech of the first trip to the moon at the beginning of the 60s, or Bill Gates and the creation of the first operating system for personal computers, I realize that everyone has started making these great “mental” leaps .

At present, scientists have studied in depth how the process of creativity and innovation works within our brain and what conditions can favor the appearance of these “Aha Moments” in human beings.

There are 5 fundamental steps that I want to talk to you about very quickly:

1. Exploration. A creative brain is a brain that has been exposed to different stimuli, learnings, experiences, that has an open and flexible mind. I love to think, for example, of the great Salvador Dalí , who, of course, was an extraordinary architect, but in turn had a great passion for nature, history, theater, painting and literature. It was the combination of all these passions that fueled his extreme creativity.

2. Focus. A brain that, on the other hand, achieves mastery through practice and repetition is also capable of finding innovative solutions to complex problems in a given area. One of the artists I admire the most is named Ed Sheeran, once in one of his interviews he was asked about how his creative process flows. He replied that he spends more than eight hours a day writing songs, he can write up to 10 a day, to end up with more than 200 songs, of which only 12 or 15 are selected for the new album.

He reinforced that out of 200 songs only 12 or 15 are really very good, but that the rest are part of his creative process. This really surprised me! But I loved hearing it because it debunks that myth that people like him are given everything easy. If it is true that they have great talent, but where the real magic occurs is in the hours and hours of dedication, focus and practice.

3. Incubation. This stage, after exploration and focus, tells us about letting that creative idea rest, that solution we are looking for, perhaps taking a relaxing walk, doing meditation, taking a bath, going to sleep, taking a nap, clearing our mind. , have a pleasant conversation with someone. It is a stage in which we let our unconscious mind (or diffuse mode of thinking, if you’ve read my e-book Learning to Learn , you know what I’m talking about, if you can’t download it for free here) to work to find a creative and innovative solution to our problem.

4. Insight (“Moment Aha!). According to the scientific study done by Kounios, J., and Beeman, M. in 2009 ” The Aha! Moment: The Cognitive Neuroscience of Insight “, although it seems that these” Aha! Moments “were sudden and disconnected from previous thought processes, studies carried out through electroencephalograms have been able to determine that these” revelations “really – that creative idea and The only one that comes to our mind without apparent explanation, that sudden understanding of a problem we were facing and its corresponding solution, even the understanding of a joke or the resolution of a riddle, is given by previous thought processes in different areas of our brain .

All have been originated by the previously described stages: Exploration , Focus and Incubation .

That is, while we can’t force ourselves to have these “Aha! Moments” At a specific moment, what we can be sure of is that the process to be able to show them more frequently in our life is to precede them enough: Exploration, Focus and Incubation . They will simply appear because this is their natural process of occurrence.

Isn’t that amazing? That’s how wonderful our brain is.

5. Monitoring or evaluation. This last stage consists of the analytical evaluation of this new creative idea and its validation, and for this we will be using the areas of our brain that are in charge of our critical thinking and decision making.

I hope that knowing these five steps to unleash your creative and innovation process will help you a lot.

Thanks for getting here! I really wanted to share with you this information that I find so fascinating and so important in these times in which we live, in which creativity is one of the most powerful skills we have for the growth and expansion of our life and our endeavors.

Source: https://www.entrepreneur.com/article/361391

06 Sep 2020
Coronavirus: The Pandemic Is Changing Our Brains

The Pandemic Is Changing Our Brains

Summary: Coronavirus can cause several significant neurological disorders, and the pandemic has been linked to a rise in people reporting mental health problems such as depression and anxiety. Researchers examine how COVID-19 affects brain and mental health and provides some techniques which can help to improve well-being during the pandemic.

Source: The Conversation

Whether you have contracted COVID-19 or not, your brain is likely to have changed over the past few months. The virus itself can cause a number of neurological problems, along with anxiety and depression. The isolation and worry caused by the pandemic can similarly alter our brain chemistry and cause mood disorders.

In our new paper, published in Neuropsychopharmacology Reviews, we have investigated how to best overcome the brain changes linked to the pandemic.

Let’s start with COVID-19 infection. In addition to mood disorders, common symptoms include fatigue, headaches, memory loss and problems with attention. There may be a number of reasons for these brain changes, including inflammation and cerebrovascular events (a syndrome caused by disruption of blood supply to the brain).

Research suggests that the virus may gain access to the brain via the forebrain’s olfactory bulb, which is important for the processing of smell. Loss of smell is a symptom in many patients with COVID-19.

As part of the system responsible for your sense of smell, the olfactory bulb sends information about smell to be further processed in other brain regions – including the amygdala, orbitofrontal cortex and the hippocampus – which play a major role in emotion, learning and memory.

As well as having extensive connections to other brain regions, the olfactory bulb is rich in the chemical dopamine, which is important for pleasure, motivation and action. It may be that COVID-19 alters the levels of dopamine and other chemicals, such as serotonin and acetylcholine, in the brain, but we can’t say for sure yet. All these chemicals are known to be involved in attention, learning, memory and mood.

These changes in the brain are likely responsible for the mood, fatigue and cognitive changes that are commonly experienced by COVID-19 patients. This in turn may underlie the reported symptoms of stress, anxiety and depression in patients who have contracted the virus.

But it’s not just people who have contracted the COVID-19 virus that have suffered from increased anxiety and depression during the pandemic. Excessive worry over contracting or spreading the virus to other family members, as well as isolation and loneliness, can also change our brain chemistry.

Repeated stress is a major trigger for persistent inflammation in the body, which can also affect the brain and shrink the hippocampus and therefore affect our emotions. Stress can also affect levels of brain serotonin and cortisol, which can affect our mood. Eventually, these changes can cause symptoms of depression and anxiety.

Brain training

The good thing about the brain, however, is that it is incredibly plastic, which means it is changeable and can compensate for damage. Even serious conditions such as memory loss and depression can be improved by doing things that alter the brain function and its chemistry.

Our paper looks at promising solutions to combat symptoms of stress, anxiety and depression – in COVID-19 patients and others.

We already know that exercise and mindfulness training – techniques that help us stay in the present – are helpful when it comes to combating brain stress. Indeed, studies have shown beneficial functional and structural changes in the brain’s prefrontal cortex (involved in planning and decision making), hippocampus and amygdala following mindfulness training.

This drawing has covid 19 in the head in place of a brain
The novel coronavirus is affecting our brains, whether we’ve caught it or not. Image is adapted from The Conversation news release.

One study showed an enhanced density of grey matter – the tissue containing most of the brain’s cell bodies and a key component of the central nervous system – in the left hippocampus after eight weeks of training (in comparison to controls).

 

Importantly, these are all regions that are impacted by the COVID-19 virus. Additionally, gamified cognitive training can also help improve attention, memory function and increase motivation. Those who have persistent or severe mental health symptoms may require clinical evaluation by a psychologist or psychiatrist. In such cases, there are pharmacological and psychological treatments available, such as antidepressants or cognitive behavioural therapy.

Given that many countries haven’t completely come out of lockdown yet, and there are long delays in accessing healthcare, modern techniques such as wearable devices (activity trackers) and digital platforms (mobile apps), that can be easily integrated into daily life, are promising.

For example, activity trackers can monitor things like heart rate and sleeping patterns, indicating when the wearer may benefit from activities such as meditation, exercise or extra sleep. There are also apps that can help you reduce your stress levels yourself.

These techniques are likely be beneficial to everyone, and may help us to better promote cognitive resilience and mental health – preparing us for future critical events such as global pandemics. As a society, we need to anticipate future challenges to our brain health, cognition and wellbeing. We should be utilising these techniques in schools to promote lifelong resilience starting at an early age.

Funding: Barbara Jacquelyn Sahakian has received funding from the Wallitt Foundation and Eton College. She consults for Cambridge Cognition, Greenfield BioVentures and Cassava Sciences .Cambridge Enterprise has technology transferred Wizard and Decoder to PEAK.

Christelle Langley and Deniz Vatansever do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Source: https://neurosciencenews.com/coronavirus-brain-16972/

07 Dec 2019
The Growing Importance of Talent Base Economy

The Growing Importance of Talent Base Economy

Dec 05, 2019 (Heraldkeepers) — A talent-driven economy has become a key requirement for the growth and development of the modern economy. The workforce can generate innovatively, and new ideas surpass all other drivers of economic development. The future success of an economy depends on the quality of talent retained. Some of the main reasons why the modern economy should focus on talents include:

1. Maximize Productivity

With the talent economy, the chance of growth of the modern economy is high. The human capabilities are considered to be the fundamental drivers of economic development. By focusing on the talents and brains, the modern economy will be able to retain the best skills and knowledge. The fresh talents can utilize their innovative ideas and maximize the productivity of individuals, organizations, as well as the entire community, which ultimately leads to the growth and success of the overall economy.

2. Better Development

Focusing on talents can help the modern economy in gaining better development opportunities. The quality of the workforce is of paramount importance for the development of the economy. The availability of skilled talents helps in increasing investments and enhancing the returns on investment for better development of the economy.

3. Expand Capabilities

 

By giving importance to talent economy, the modern economy can expand its capabilities much easily. The talents acquired can help in overcoming the potential challenges with the use of their innovative and new ideas. The growing demand of the talented workforce across the globe allows the modern economy to expand successfully.

Effect of Intellectual Property Rights and Patents on Economy

Intellectual property rights and patents have a significant impact on the global economy. Apart from a talent economy, intellectual property rights and patents can also help in stimulating the growth and development of the modern economy.

Intellectual property rights play an important role in encouraging innovation, technical change, as well as product development. An IPRS system that favors the diffusion of information through the low-cost imitation of foreign technologies and products is likely to impact the economy of a country positively.

The intellectual property rights also help in rewarding the risk-taking and creativity of the new entrepreneurs and enterprises, thereby leading to the growth of the economy. The IPRs can also help in stimulating dissemination and acquisition of new information. The new information gained paves the way for further inventions.

The patent also provides the firms with certainty that they will face fewer threats of uncompensated appropriation. It helps the firms induce products and technologies more readily, enabling the enhancement of the economy. By strengthening intellectual property rights, the developing countries tend to attract more inflows of technology.

IPRs also encourage the growth and development of interregional as well as international marketing networks that help in achieving economies of scale. A strengthened intellectual property enables inducing greater R & D that helps in meeting the needs of the developing countries.

Focusing on talent as well as intellectual property rights and patents can help in the successful growth and development of the modern economy.

Author : Manahel Thabet

Source: https://www.marketwatch.com/press-release/the-growing-importance-of-talent-base-economy-2019-12-05

03 Oct 2019
Prosthetic Leg with Neurofeedback Makes Walking Easier, Treats Phantom Pain

Prosthetic Leg with Neurofeedback Makes Walking Easier, Treats Phantom Pain

Today’s prosthetic legs come in a variety of designs, but they lack the ability to give users a natural sense of themselves. They feel simply like man-made devices strapped to the stump, as tools and not as part of the body of whoever wears them. Researchers from ETH Zurich, University of Freiburg, University of Belgrade, and the companies SensArs and Össur, have combined their expertise in a variety of topics to give existing commercial prosthetic legs a sense of touch.

SensArs, a Swiss firm, is behind an interface that can link a prosthesis with residual nerves in the thigh and create a neurofeedback mechanism. Two patients with an above-the-knee amputation had the neurostimulation system implanted at the University of Belgrade. Following calibration and after a period of initial usage, the two volunteers demonstrated significant improvements in their walking ability, including traversing a sandy surface with a much more natural gait.

“This proof-of-concept study shows how beneficial it is to the health of leg amputees to have a prosthesis that works with neural implants to restore sensory feedback,” said Stanisa Raspopovic, a Professor at the Institute of Robotics and Intelligent Systems at ETH Zurich.

 

A commercially available leg from Össur was used, which was outfitted with pressure sensors on its sole, as well as around the knee to know where in the gait the leg is at all times. The electrodes and neurostimulator were then implanted into the volunteers and the tissues were allowed to heal around.

Subsequently, the researchers studied which signals best match the natural feeling of walking and allowed those to be transmitted to the neurostimulator and onto the residual nerves toward the brain. The volunteers were able to sense their legs and didn’t have to constantly look at them to make sure everything was going well. Moreover, they spent a lot less energy walking, as measured by oxygen consumption, and mentally they were not as tired, as confirmed by measuring brain activity.

One not entirely surprising finding, but a very welcome one, is that phantom limb pain was significantly reduced in one of the volunteers and completely gone in the other. As this affects a great deal of amputees, the new technique may be used to treat that condition.

Source: https://www.medgadget.com/2019/09/prosthetic-leg-with-neurofeedback-makes-walking-easier-treats-phantom-pain.html

28 Aug 2019
Realizing the Potential of Disruptive Technologies

Realizing the Potential of Disruptive Technologies

Electric scooters dominate the streets of our cities, used for nearly 40 million trips across the country just last year alone. Bitcoin and other cryptocurrencies continue to emerge as formidable alternatives to cash and credit, with companies like Square boasting nearly $125 million in sales. And autonomous cars are making their debut as soon as this month in New York City and California.

These are just a few examples of how disruptive technologies are reaching into all corners of society and reshaping contemporary life; from how we pay for goods and services to how we commute and engage with co-workers and peers from across the globe.

Yet, as disruptive technologies continue to make headlines, they also prompt the need for specialized regulations that protect people and preserve existing infrastructure. This leaves many local and state governments with a daunting challenge: how to reconcile seemingly competing impulses of safety with innovation.

Cities across the nation have banned scooters, citing rises in accidents and fears of fatalities. U.S. Department of the Treasury officials, in the wake of Facebook’s Libra, have recently argued that cryptocurrencies represent threats to national security. And widespread distrust in autonomous cars has driven automakers to halt the once-breakneck pace of development for this technology.

Rather than propel innovators to work to improve these new technologies, history tells us that stringent regulatory legislation or even outright bans have, more often than not, caused innovators to abandon them. In 1865, for example, the British Parliament responded to the advent of steam-powered vehicles — and the fear that they would endanger other users of public roadways — with a law requiring that such vehicles be preceded by a pedestrian waving a red flag as a warning signal. Unsurprisingly, this law discouraged further development of “horseless carriages” in Britain, effectively smothering a nascent industry and creating opportunity for more forward-looking nations. Just 15 years later, the first internal-combustion vehicles were introduced in Germany.

In the face of rapid change, experimentation, and the “failing forward” that defines the current era of disruptive innovation, regulators struggle to keep pace because they continue to adopt a reactive posture, developing rules in response to new technologies on a fixed timeline. Such a standpoint, though, fails to account for the rapid cycles of iterative development that innovations will undergo. And so, to catch up, regulators are often tempted to implement bans or strict precautionary regulations that stifle new technologies from achieving their potentially transformative potential.

In turn, the United States runs the same risk of falling behind other nations at the forefront of this technological revolution.

However, history also illustrates that when regulators strike that right balance in their policies and guidelines, they can encourage innovators and businesses to improve their technologies in ways that reflect needed protections. While federal anti-pollution laws enacted in the late 1970s didn’t ban gasoline-powered automobiles, they did require automakers to reduce emissions to a certain level. Although General Motors initially resisted the new legislation, GM eventually turned to scientists at Corning Incorporated to develop the materials essential for catalytic converters, which made those necessary reductions in emissions possible.

By taking a more adaptive approach to regulation, characterized by a similar cycle of trial and error for the very technologies that they are monitoring, regulators can more effectively respond to new developments, jettison rules that no longer work well, and quickly implement new, more effective policies.

Regulatory spaces, sometimes referred to as “sandboxes,” are emerging as promising incubators for adaptive regulations, encouraging innovators to develop safer or better technology through waivers, close partnerships across sectors, and testing opportunities with small cohorts of customers. These spaces not only allow for technological improvements, but enable the collaborative creation of regulations that benefit both businesses and society. The United Kingdom, for instance, has already put this vision into practice for two dozen companies at the forefront of financial technology — and other countries have followed suit.

Why not extend the same approach to autonomous cars, scooters, and other emerging technologies ranging from 5G to artificial intelligence? We can encourage rapid prototyping and real-time monitoring that surfaces necessary adjustments in the interest of safety and aligned regulations — and all in a low-stakes testing environment.

As we step over yet another electric scooter splayed across the sidewalk or read about problems with another form of cryptocurrency, we should not just gripe about the inconvenience, danger or aesthetic demerits of the technology — or call for the technology to be banned outright.

Instead, let’s facilitate conversations between government officials and private companies to regulate them better. Let’s structure opportunities for innovators and entrepreneurs to pilot their products under close oversight and consultation. If we want these companies to behave better, and technologies to be safer, let’s create a framework that balances their interests with those of the public.

Source: https://www.govtech.com/analysis/Realizing-the-Potential-of-Disruptive-Technologies-Contributed.html

07 Jul 2019
CAN YOU MAKE INNOVATION HAPPEN?

Can You Make Innovation Happen?

Companies used to stay competitive by being reliable. They provided the tried and true. Customers valued companies that reduced the risk in their lives. But the technology boom turned that completely around. Now almost every industry must contend with the need to innovate. Customers want products and services that are high quality but also the latest and newest vs. the tried and true.

This demand for innovation has sent companies and their leaders into a tailspin trying to figure out how to make innovation happen. I’m often brought in to help them try to solve this dilemma. But the hardest thing for them to hear is that you can’t make innovation happen. There, I’ve said it.

So now what? Well, actually, there’s a lot that can be done. But the focus isn’t about making innovation happen. It should be on making innovation probable. And there’s quite a bit a company and its leadership can do for that.

Some key opportunities, that range anywhere from the simple to the complex, include the following:

Take the risk out of risk taking. One of the biggest challenges companies tackle is their fear of failure and mistakes. A great way to do that is to put it right out in the open. From the CEO to the frontline employee, creating a dialogue that tackles that fear head on helps demystify what it takes to make risk taking work for their culture and goals.

This includes sharing lessons learned, clarifying priorities, encouraging a growth mindset and focusing on the value from lessons learned.

Make risk taking more predictable. When leadership discusses how to mitigate risk it helps set a clearer path on how to navigate all the gray area of risk taking. This includes sharing a method for how to propose new ideas, build a business case and conduct low risk trial runs. When people get to take the risk out of sharing their ideas, they are more likely to focus on the risk of genuinely out of the box thinking vs. avoiding rejection or having their reputation ruined.

Get people sharing ideas. Imagination tends to have a fantastic domino effect when shared with others. One out there idea begets another out there idea, until you end up with a genius idea. This is often attempted through the act of group brainstorming. It’s a great concept, in theory. But where it often falls apart is in the execution. Too often the brainstorming sessions become a one or two-person show. Original ideas can get stamped out by group think and seeking approval.

One solution is better facilitated brainstorming sessions. Another option is leveraging collaboration software. Software tools make collaboration independent of time and place, and they also help focus and guide the collaboration to be more productive towards what the company is trying to achieve. Viima Solutions is an example of that kind of software. They focus on providing tools that help facilitate sharing of ideas wherever and whenever.

Measure what’s working and let go of what isn’t. Part of what makes innovation so elusive is people sit around assuming they’ll know what’s innovative or not. But what separates an interesting idea from a truly innovative one is the level of impact it has on the company’s bottom line. If customers don’t care about your idea, then does it matter?

If you know what to measure for, you will be better prepared to gauge whether the issue is the quality of the idea or the readiness of the customer. The latter calls for a phased approach, looking for early adopters and building momentum. The former calls for a post mortem and return to the drawing board. Key things to consider measuring include the effectiveness of collaboration efforts, impact on brand differentiation and consumer behavior.

Have a holistic approach. Though Viima Solutions makes their bread and butter on companies that use their software, they’re the first to admit that the biggest mistake is to think that innovation is easy, or something that can be achieved with a couple of quick superficial projects like introducing a new software tool or organizing a couple of idea challenges. These kinds of tools and methods are essential for driving sustainable results within the organization but won’t lead to innovation in and of themselves.

What’s ultimately needed is a holistic and determined effort that combines all the key aspects of innovation management: strategy, culture, structures and capabilities. The right tools certainly help across all of these factors, and in putting it all together, but you’re still going to need to put in the work to get all of those different aspects right.

Source: https://www.forbes.com/sites/hvmacarthur/2019/07/03/can-you-make-innovation-happen/#2f017db1b89c

 

27 Apr 2019
10 Major Barriers Hindering The Digitalization Of Chronic Conditions

10 Major Barriers Hindering The Digitalization Of Chronic Conditions



Hundreds of millions of patients are affected by chronic diseases globally, often suffering from several of them. Despite such a huge opportunity, the coverage of chronic conditions with digital solutions is still below the acceptable level. Today, more than twenty common chronic conditions have its own specificity and are currently at its digital development stage, yet all of them face the same challenges in the digital health market, according to a recent Research2Guidance report.

1.  Lack of Consumer Capital

All chronic conditions, apart from digital diabetes, still lack the consumer focus in digital offerings. The main goal of the consumer-oriented approach is to provide and promote a solution that empowers patients to better manage their disease.

2.  Low add value

The existing chronic disease apps often create little added value for end users. Most of the currently available solutions offer either basic educational advice or simple tracking based on manual or automated data input.

3.  Missing business models for consumers and payers

In the digital health market, payer organizations are now pushing digital services to their member base; however, in the majority of chronic conditions, the reimbursement of digital services is still an issue. Apart from the digital diabetes market, consumer bundle subscription offers or payer models (implemented on the pay-per-member-per-month basis) hardly exist. Digital solution providers should pay more attention to creating reimbursement-oriented packages, which can potentially bundle services, digital content, medical products, and accessories.

4.  Insufficient cost-saving evidence for payers

There are many clinical studies across all major chronic conditions that have generated evidence to support efficiency and efficacy of digital solutions in assisting chronic disease patients. What is currently missing is the link to cost savings, which hinders a larger engagement of payer organizations.

5.  Unfavorable demographic and behavioral characteristics of patient populations

Patient population characteristics can have significant implications for digitalizing disease management. Solution providers have to find appropriate strategies to increase patient control despite these demographic and behavioral barriers. The development of caregiver solutions is one of the possible responses to this problem. Currently, nearly all of the available solutions are designed for patients or doctors, whereas the role of caregivers in patient management is still underestimated.

6.  Non-regular use of digital solutions

Chronic conditions are rather different in terms of usage regularity. In conditions with a limited necessity of regular measurements, the creation of passive monitoring solutions, such as wearable-based measurements, could be one of the means to ensure a constant use of digital solutions.

7. Low connectivity level

Although the use of digital apps in managing chronic conditions is increasing, it is not accompanied by significant growth in the use of connected medical devices, such as blood glucose meters, spirometers, blood pressure meters, etc.

8. Missing services for comorbidities

All chronic conditions have numerous comorbidities, which affect patients no less than diagnosed chronic disease. In many cases, patients suffer from several closely-related chronic conditions at a time. However, solution providers currently focus on primary chronic diseases, offering no services for such conditions as anxiety, depression, obesity, etc. As a result, many chronic condition offerings remain single use case solutions, which do not fully address patients’ needs. Weight-loss, hypertension, and diabetes solution providers are already expanding their primary use cases to other conditions, whereas respiratory conditions still lag behind them

9. Low communication support between medical professionals and patients

Communication between healthcare professionals and patients is seen as the most valuable feature within digital health solutions to drive user engagement and retention. Current digital respiratory solutions offer population management features for HCPs or PDF report generation but do not support direct HCP-patient interaction via chat, email or video call.

10. Dependency on slow regulatory processes

Many digital disease management solutions are treated as medical devices under local regulations, if they include regulated components, such as devices and/or medical products. To avoid extensively long time-to-market, services and/or connected devices can be split into regulated (such as a bolus calculator in diabetes solutions) and a non-regulated (such as behavior change features) components.

Research2Guidance states these barriers is the prerequisite for the success of digital health solutions designed for managing chronic conditions. The market has already seen several successful cases when digital solution providers went beyond the obstacles that were perceived as “natural”.

Source:
https://hitconsultant.net/2019/04/15/barriers-digitalization-chronic-conditions/#.XMQB5ujHxPY



21 Mar 2019
WHY EVERY COMPANY NEEDS AN ARTIFICIAL INTELLIGENCE (AI) STRATEGY FOR 2019

Why Every Company Needs An Artificial Intelligence (AI) Strategy For 2019

There’s no doubt that artificial intelligence (AI) is a transformative technology – perhaps even the most transformative technology available today. But if you think the transformative nature of AI is limited to global tech giants and blue-chip companies, think again. AI is ultimately going to transform every business, in every industry. 

Perhaps you read that last sentence and thought to yourself, well, not my businessMy retail business [or HR consultancy, B2B service provider, fashion design business, disaster relief charity, football club or whatever] has nothing to do with AI. I repeat, think again. Even if you can’t yet imagine how AI will impact your organisation, trust that, in the not-too-distant future, it most definitely will.  

That’s why every company needs an AI strategy.  

Like any business transformation, if you want to get the most out of AI, it all starts with strategy. Your AI strategy will help you to focus on your core business objectives and prioritise ways that AI can help deliver those business goals. 

In general, there are two ways businesses are using AI to drive success: 

  • Creating intelligent products and services 
  • Designing intelligent business processes  

Let’s look at these two uses in a little more detail.  

Intelligent products and services  

AI is, at heart, about making machines smarter, so that they can think and act like humans (or even better). We need only look at the popularity of devices like smart phones, smart fitness trackers and smart thermostats to see how consumers wholeheartedly embrace products and services that can make their life easier, smarter, more streamlined, more connected.  

Source: https://www.forbes.com/sites/bernardmarr/2019/03/21/why-every-company-needs-an-artificial-intelligence-ai-strategy-for-2019/#2a0311c868ea

10 Mar 2019
Business leaders love AI. In theory, that is

Business leaders love AI.

In theory, that is of hundreds of AI start-ups examined over the past few years, ‘very few companies are building unambiguously labour-replacing technologies’

Microsoft has unveiled the results of a survey of business leaders on the topic of artificial intelligence (AI). The findings are surprising: German and Russian entrepreneurs and executives appear to come out ahead of those from the US and other advanced European economies when it comes to adopting the technology.

Mostly, however, this and several other studies confirm a frustrating problem: the AI hype is making it impossible to figure out how much businesses really need it and are using it.

The 800 respondents in the study came from seven countries — the US, Germany, France, the UK, Italy, the Netherlands and Switzerland. It’s not a globe-spanning data-set and it doesn’t include the potential AI leader, China, nor one of the leaders in AI research, Canada. But the study’s scope is respectable. It shows that the US isn’t among the leaders of the AI race, though a 2018 study by Capgemini Consulting, for example, puts it out ahead and Russia far behind.

The problem with this survey — and a similar one by McKinsey — is that when people say they are using AI in their business, they may not all mean the same thing; they may not even be describing uses that fall under the rather broad definition of AI; and they may simply be boasting because the technology is fashionable.

In a new report, “The State of AI: Divergence, 2019,” the UK venture capital fund MMC Ventures claims that “one in seven large companies has adopted AI; in 24 months, two thirds of large companies will have live AI initiatives. In 2019, AI ‘crosses the chasm’ from early adopters to the early majority.”

Read more: https://www.businesslive.co.za/bd/opinion/2019-03-10-business-leaders-love-ai-in-theory-that-is/