Tuesday, June 1, 2021
Hope everyone had a great Memorial Day weekend. We honor those who served to protect our nation.
This past weekend, I went looking for a pair of Sonos speakers for my surround sound system. The speakers were back-ordered on the company’s website with an estimated shipping date in mid-July. I looked at retailers who might have it in-store and eventually found two Best Buy outlets which had one piece each in stock. I paid online and drove a total of sixty miles one afternoon to collect the speakers (I know what you’re thinking. I just had to have them.) Companies like Sonos have seen their global supply chains disrupted over the past year and are trying to ramp up manufacturing in other countries to meet surging demand.
And what about the services sector?
Today, nearly all Fortune 500 companies rely to some degree on India-based talent for their technology operations. You would be hard-pressed to find a technology vendor who does not rely on an India-based workforce to build and support products. As the second wave of COVID washes across India, the potential impact of the virus ripping through the tech workforce is significant. We include this article from WSJ that discusses how IT service providers are coping and the options available to CIOs who want to mitigate the risks by sourcing talent from other locations.
This past week, we saw AI partnership announcements by Geisinger Health, HCA, and lab test leader Quest Diagnostics. HCA became the latest to partner with Google on a multi-year cloud partnership to leverage data analytics. As I wrote in my article in CIO online this past month, the AI technology is here but the users are not. A related, but an underappreciated challenge, is the labeling of data at scale to enable AI algorithms to do their work.
On June 2, I’m moderating a panel discussion on the evolution of the cyber threat landscape – a topic that is increasingly dominating the news. You can register here.
In my latest podcast episode, I interview Murray Brozinsky, CEO of Conversa Health, one of the leading startups in the conversational AI space. Take a listen.
Have a great week.
Podcast of the Week
In this episode, Murray Brozinsky, CEO of Conversa Health discusses how conversational AI can complement care delivery models and the need for AI and clinicians to work together to apply these tools to clinical use cases.
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This Week in Digital Health Markets
We are selectively featuring guest posts in our newsletter from senior leaders in healthcare and technology. Reach out to us if you would like to contribute a blog to one of our upcoming newsletters.
The HCA becomes the latest health system to sign a multi-year partnership with a major cloud provider. Modern Healthcare
Geisinger announces the launch of ConnectedCare365, a virtual care delivery platform for remote patient monitoring, artificial intelligence and data analysis tools. Healthcare Finance News
I share my thoughts on Quest Diagnostics’ new partnership with Paige to target cancer diagnoses. Modern Healthcare
UPMC Health Plan launches a virtual concierge service that integrates into its 4million members’ Amazon Alexa and Google Home devices, joining a growing number of health insurers integrating plan information with smart speakers. Modern Healthcare
The multibillion-dollar Covax program was supposed to be a model for vaccinating humanity but has hit problem after problem. The Wall Street Journal
In the first quarter, nearly all Fortune 500 companies had exposure to India’s coronavirus crisis in their IT operations, according to consulting firm Hackett Group. The Wall Street Journal
In the past few years, big tech companies and retail pharmacy chains have scaled up their consumer-minded healthcare offerings. These efforts, from companies such as Amazon, Walmart and CVS, promise to improve affordability and convenience for patients. Becker’s Hospital Review
Gathering data at scale, labeling that data and monitoring tool efficacy are all critical steps in scaling AI tools, but they can also act as bottlenecks, especially in the healthcare space, said experts during an AWS panel. Healthcare IT News
Note: Some of the articles linked in this newsletter may be behind paywalls that need a subscription.
1 day to go!
In this webinar by Paubox, our CEO Paddy Padmanabhan is moderating a session on ‘The Cyber Threat Landscape Evolution: How the Pandemic Changed the Attack Surface in Healthcare’ on June 02, 2021 | 12:00 pm CT. Register here. Webinar
Damo Consulting Thought Leadership and Research
The biggest challenges for AI-enabled care are delivering real-time insights into the clinical workflow and gaining acceptance from caregivers as well as patients. Innovative solutions continue to emerge. Blog
A compilation of our thought leadership over the last quarter that provides insights on digital transformation trends in healthcare and help tools to embark on a successful transformation journey. Blog
Damo Consulting’s ICEA™ framework guides health systems and technology firms on competitive assessment and partner selection strategies. This paper will help you find out how you can use the framework to categorize the technology vendors and evaluate each vendor within the categories. White Paper
The right technology applications can turn the COVID-19 vaccination program into a game-changer for the healthcare industry. Blog
Damo Consulting launches DigiM™, a digital maturity model and an online self-assessment tool for health systems. With this first-of-its-kind maturity assessment tool, health systems can benchmark their digital transformation programs against peer health systems at an enterprise level. Press Release