Principles of sick care AI fusion strategy

Tech giants like Facebook, Amazon, and Google can collect real-time data from billions of users. For companies that design and manufacture physical products, that type of fluid, data-rich information used to be a pipe dream. Now, with the rise of cheap and powerful sensors, supercomputing, and artificial intelligence, things are changing—fast.

In Fusion Strategy, world-renowned innovation guru Vijay Govindarajan and digital strategy expert Venkat Venkatraman offer a first-of-its-kind playbook that will help industrial companies combine what they do best—create physical products—with what digitals do best—use algorithms and AI to parse expansive, interconnected datasets—to make strategic connections that would otherwise be impossible.

The laws of competitive advantage are changing, rewarding those who have the most robust, data-driven insights rather than the most valuable assets. To compete in the new digital age, companies need to use real-time data to turbocharge their products, strategies, and customer relationships. Those that don't risk falling on the wrong side of the next great digital divide.

The Fusion strategy is core to information, commercial and social networking companies and, as described by the authors, is the future of industrialization.

It also is a roadmap for the fifth and sixth sick care industrial revolution.

Govindarajan and Venkatraman describe five strands:

1. Physical and digital business domain fusion. What is your digical marketing and fundraising plan?
2. Machine to human fusion. Making sense of sensors.
3. Adopting the digital geek mindset in every industry, including medicine
4. Fusing the physical and digital world in the cloud to derive insights that are descriptive, diagnostic, predictive and prescriptive
5. Breaking down silos to create the expanding digital universe and cross-industry ecosystems.

Executing this strategy can transform sick care to health care. However, there are significant barriers to overcome and next generation sick care stakeholders will need to:

1. Unlock new business value across multiple stages
2. Design for collaborative intelligence and upskill the workforce
3. Live and grow in ecosystems
4. engage them with digital platforms
5. Nurture fusion leaders
6. Think strategy next, not strategy now

Getting to a fusion whole product solution evolves from fusion products, fusion services, and fusion systems.

Not all clinicians are happy with the rapid adoption of artificial intelligence (AI) in healthcare settings, and nurses at Kaiser Permanente San Francisco Medical Center have taken to the streets to voice their concerns.?

Gathering outside the hospital Apr. 22, members of the California Nurses Association labor union said much of the AI being adopted isn’t properly regulated or tested, and they feel care delivery is losing the necessary human touch. Here are some ways to overcome their objections.

Cybersecurity is a growing threat.

Who cares, so what, who pays, how much for your fusion product or service?

Dynamic pricing is an option.

Formula 1 car racing championships attract the enthralled eyes of speed lovers that eagerly wait for the recognizable single-sit cars to whizz on the hot, melting concrete. What die-hard F1 fans also know is that racing is an intense numbers game.

Behind every car racing on the track, there is a team of data scientists hard at work crunching data from hundreds of sensors, measuring lap times, tire and brake temperatures, airflow, and engine performance to advise the drivers in their split-second decisions.?

The same applies to monitoring patients in real time using real world data using graph databases and datagraphs and next generation EMRs.

Here is a primer on information rheology.

Start saving now since you will have to upgrade your iPhone soon. Just don't pay the add on fees to "install" the screen protector.

Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs on Substack