Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • Pharma and Life Science
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • Pharma and Life Science
    Editor's Pick (1 - 4 of 8)
    left
    The 4Ps of Digital Transformation in Pharmaceutical Industry

    Debraj Dasgupta, Operating Officer, Head of Strategy and Go-To-Market Planning Division, Nippon Boehringer Ingelheim

    Cloud Computing: Pharma Takes the Plunge

    Andy Newsom, SVP & CIO, CSL Behring

    Machine Learning & Artificial Intelligence in Healthcare Industry

    James Woo, CIO, The Farrer Park Company

    Connected Patients: Healthcare and the Internet of Things

    Geoff Feakes, Group CIO, Tunstall Healthcare Group

    Building a Quality-Focused IT Foundation for a Biopharmaceutical Enterprise

    Andy Newsom, SVP, CIO, CSL Behring

    Points of Focus for CIOs to Succeed in the Next Decade and Beyond

    Dr. Joseph Frassica, CMIO/CTO, Patient Care and Monitoring Solutions, Philips Healthcare

    Innovating Technology -Based Metadata Solutions for Improved Data Analysis

    Douglas Barta, CIO, PAREXEL International

    Real-Time Actionable Intelligence with a Solid Analytics Platform

    Rajeev Nair,

    right

    Data, Diagnostics, Drugs & Doctors How Digital Technology is Revolutionizing Healthcare

    By Benjamin Seet, Deputy Group CEO, National Health Group

    Tweet
    content-image

    Benjamin Seet, Deputy Group CEO, National Health Group

    In 2018, the US spent $3.65 trillion, or 16.9 percent of its GDP on healthcare. Despite spending more than all other countries, it ranked 37th in WHO’s ranking of overall health system performance. This discrepancy is as much an indictment of the inefficiencies of the US healthcare system, as a general warning that spending more may not mean getting better results. Singapore, which has one of the best healthcare systems globally, spends about 5 percent of its GDP on health. Needless to say, the growth in healthcare spending has been deemed to be unsustainable, with projections that this could triple by 2030.

    In the same year, the number of persons aged 65 or above outnumbered children under five globally for the first time in human history. Lower fertility rates and increased longevity means the number of seniors is expected to double to 25 percent by 2030 in Singapore. An ageing population increases healthcare demands, particularly long-term care for chronic and degenerative conditions. As healthcare spending outstrips economic growth, critical questions emerge around its sustainability, efficiency, and value.

    Advances in technology can disrupt healthcare delivery. Biotechnology has introduced new approaches to therapy, such as precision medicine, cell, and immune therapy and gene editing, giving doctors the potential to cure the “incurable”, but it has also raised new benchmarks for medical spending. Data and AI will redefine how doctors make decisions, how patients make choices, as well as how healthcare is delivered and paid for. What is less understood is whether a system as complex as health, with its layers of competing stakeholders, bureaucracies and rising concerns about patient rights and confidentiality, is fully able to capitalize on the opportunities and avoid the pitfalls. We highlight a few areas where digital innovations can affect and potentially disrupt healthcare and health spending.

    Big Data in Medicine

    Precision medicine accounts for a combination of genetic, lifestyle, and environmental factors to determine an individual’s disease risk and treatment options. This ongoing revolution is driven by our capacity to generate and to make sense of more and more data. Stanford Medicine’s Health Trends Report estimated that 2,314 exabytes of healthcare data will be produced by 2020, compared to 153 exabytes in 2013,driven by electronic medical records, wearable devices, and commercial DNA testing. Progress in analytics and machine learning have greatly improved what we can learn from these observational datasets, but implementation of precision medicine will be mired with policy, regulatory, funding and ethical considerations. Furthermore, the majority of the world’s populations are underrepresented in the research necessary to bring precision into the clinic. There are initiatives by various global and national organizations to tackle some of these thorny issues, but we will continue to see a lag in wider adoption.

    Virtual Doc

    In 2011, IBM Watson beat Jeopardy!’s two greatest (human) contestants, demonstrating the remarkable ability of a computing system to operate in the highly contextual realm of natural language, process huge amounts of data and solve problems successfully. The Watson team then set its sights on a bigger goal—revolutionizing healthcare, where 80 percent of medical information is unstructured and an estimated 10- 20 percent of diagnosis is inaccurate or incomplete.

    IBM was willing to bet big on this moonshot, investing $1 billion to start the Watson Group in 2014, and making a series of acquisitions including Explorys, Phytel, and Truven Health Analytics, with the promise of giving the world its best diagnostician. By April 2019, Watson halted its drug discovery programme in the face of sluggish sales, to double down on Watson Health, where it faced problems contextualizing the medical literature into actionable decisions in a real clinic setting. Ping An Good Doctor, the one-stop online healthcare “ecosystem” backed by Ping An Insurance Group, has now signed up 300 million registered users (or one in every three Chinese internet users), with the goal to provide every person with an e-profile and healthcare management plan. Machine learning can also transform medical imaging, with new innovations to read x-rays and CT scans. Selena+ (Singapore Eye Lesion Analyser Plus), a deep learning system, has been trained to detect diabetic eye diseases in retinal images, and is set to be introduced in public clinics across Singapore.

    Biotechnology Has Introduced New Approaches to Therapy, Such As Precision Medicine, Cell, and Immune Therapy and Gene Editing, Giving Doctors the Potential to Cure the “Incurable

    Insilico Drug Development

    Ex-FDA Commissioner Scott Gottlieb said drug development is on an “unsustainable path where the cost of drug development is growing enormously”. A study published in the Journal of Health Economics put post-approval R&D costs at $2.87B in 2013, up from $802 million in 2003, or a 145 percent increase. This can be attributed to the high attrition rate, with as many as 90 percent of potential lead compounds failing to reach clinical trial. Companies like Benevolent AI, Insilico Medicine and Engine Biosciences, have combined scientific and clinical data with deep learning to accelerate and improve the drug discovery process. For example, Insilico has successfully used generative adversarial networks and reinforcement learning (GENTRL) to discover 6 new lead molecules in just 21 days, a number which have since been validated in cell assays and with animal models. What is laudable was Insilico’s decision to make GENTRL open source and accessible.

    Digital Animals

    Animal testing has been a cornerstone for medical research for decades. Today, they remain vital to determine safety and efficacy of new drugs before starting human trials, although critics argue that lab animal models are unreliable predictors for human responses. While the European Union has issued a ban on animal testing for cosmetics since 2013, it rejected a subsequent call to expand the ban to their use in medical research. Nonetheless, both the FDA and EMA have advocated for the reduction of animals for medical research as well as for developing new test methods. The University of Oxford has now developed computational models of human heart cells, and claims that they have higher accuracy in predicting adverse drug reactions such as arrythmias. On a grander scale, the Comp BioMed project brings together academics, clinicians and industry to develop a “virtual human” that can be a predictive model for health and disease.

    CyberDrugs

    Substance abuse is a major cause of morbidity and death, and has in fact, contributed to a decline in life expectancy of the US population for the first time since World War I. It also costs the US an estimated $740 billion in healthcare, crime, and lost productivity. One barrier to individuals seeking help is the associated stigma and discrimination, as well as the long process for rehabilitation. One milestone is the recognition that substance abuse is as much a medical disorder, as it is a behavioral choice. In 2018, FDA approved the first software-only digital treatment, for Pear Therapeutics to provide its reset cognitive behavioral therapy for substance use disorder. This was subsequently extended to treatment of opioid use disorder. Akili integrates neuroscience and videogames to improve cognitive function in diseases like depression, autism and attention-deficit/ hyperactivity disorder. While this field remains nascent, its value is particularly prominent in conditions that benefit from continuous engagement to raise patient compliance.

    Conclusion

    The convergence of science, medicine and data provides new tools and technologies that could reinvent how healthcare is developed and delivered. This could change clinical outcomes and transform the patient’s healthcare journey. At the same time, such technologies currently come at high cost, widening the already huge divides in healthcare access and standards of care. There is a need for sensible, evidence-based and sustainable solutions that cut though the noise, hype and promises. When looking for a yardstick for success, answer a simple question. Does it make the patient’s life better?

    tag

    Biotechnology

    Machine Learning

    Big Data

    Clinical Trial

    Clinical Data

    Weekly Brief

    loading
    Top 10 Pharma and Life Science Technology Companies - 2020

    Featured Vendors

    Cbig Consulting

    Cameron Price, Managing Partner, Asia-Pacific Region

    Bluesoftware

    Stephen Kaufman, Chief Product Officer

    ON THE DECK

    Content Management System 2020

    Top Vendors

    Contactless Payments 2020

    Top Vendors

    Admired Tech 2020

    Top Vendors

    Corporate Finance 2020

    Top Vendors

    AI 2020

    Top Vendors

    Travel and Hospitality 2020

    Top Vendors

    Startup 2020

    Top Vendors

    Networking 2020

    Top Vendors

    FinTech 2020

    Top Vendors

    CRM 2020

    Top Vendors

    Scheduling Software 2020

    Top Vendors

    Education 2020

    Top Vendors

    Business Intelligence 2020

    Top Vendors

    PropTech 2020

    Top Vendors

    Salesforce 2020

    Top Vendors

    Big Data 2020

    Top Vendors

    Simulation 2020

    Top Vendors

    Product Management 2020

    Top Vendors

    Legal 2020

    Top Vendors

    Remote Work 2020

    Top Vendors

    Cryptocurrency 2020

    Top Vendors

    CEM 2020

    Top Vendors

    Insurance 2020

    Top Vendors

    Data Center 2020

    Top Vendors

    Banking 2020

    Top Vendors

    RegTech 2020

    Top Vendors

    Wireless 2020

    Top Vendors

    Procurement 2020

    Top Vendors

    Cognitive 2020

    Top Vendors

    Drone 2020

    Top Vendors

    HR Technology 2020

    Top Vendors

    HPC 2020

    Top Vendors

    Pharma and Life Science 2020

    Top Vendors

    SAP 2020

    Top Vendors

    Food and Beverages 2020

    Top Vendors

    Cloud 2020

    Top Vendors

    Blockchain 2020

    Top Vendors

    Cloud 2020

    Top Vendors

    Logistics 2020

    Top Vendors

    Augmented Reality 2020

    Top Vendors

    Contact Center 2020

    Top Vendors

    Oracle 2020

    Top Vendors

    Cyber Security 2020

    Top Vendors

    E-Commerce 2020

    Top Vendors

    Compliance 2020

    Top Vendors

    Enterprise Architecture 2020

    Top Vendors

    Digital Transformation 2020

    Top Vendors

    Manufacturing 2020

    Top Vendors

    Agile 2020

    Top Vendors

    CISCO 2020

    Top Vendors

    Field Service 2020

    Top Vendors

    Contact Center 2020

    Top Vendors

    IoT 2020

    Top Vendors

    Microsoft 2020

    Top Vendors

    Retail 2020

    Top Vendors

    Aviation 2020

    Top Vendors

    Healthcare 2020

    Top Vendors

    IT Service Management 2020

    Top Vendors

    Top Vendors

    Big Data 2019

    Top Vendors

    Digital Signage 2019

    Top Vendors

    Sales Tech 2019

    Top Vendors

    Startup 2019

    Top Vendors

    Salesforce 2019

    Top Vendors

    AI 2019

    Top Vendors

    Google 2019

    Top Vendors

    Smart City 2019

    Top Vendors

    FinTech 2019

    Top Vendors

    Admired Tech 2019

    Top Vendors

    Big Data 2019

    Top Vendors

    IT Services 2019

    Top Vendors

    Business Intelligence 2019

    Top Vendors

    Education 2019

    Top Vendors

    Project Management 2019

    Top Vendors

    Enterprise Asset Management 2019

    Top Vendors

    CRM 2019

    Top Vendors

    Data Center 2019

    Top Vendors

    PropTech 2019

    Top Vendors

    Capital Market 2019

    Top Vendors

    Travel and Hospitality 2019

    Top Vendors

    Legal 2019

    Top Vendors

    IT Infrastructure 2019

    Top Vendors

    Plastic Tech 2019

    Top Vendors

    Facility Management 2019

    Top Vendors

    Fleet Management 2019

    Top Vendors

    CEM 2019

    Top Vendors

    Sensor Tech 2019

    Top Vendors

    RegTech 2019

    Top Vendors

    Marine Tech 2019

    Top Vendors

    Collaboration 2019

    Top Vendors

    Software Testing 2019

    Top Vendors

    Facility Management 2019

    Top Vendors

    Automotive 2019

    Top Vendors

    Food and Beverages 2019

    Top Vendors

    Insurance 2019

    Top Vendors

    HPC 2019

    Top Vendors

    Wireless 2019

    Top Vendors

    Simulation 2019

    Top Vendors

    Corporate Finance 2019

    Top Vendors

    Drone 2019

    Top Vendors

    AI Healthcare 2019

    Top Vendors

    SAP 2019

    Top Vendors

    Procurement 2019

    Top Vendors

    Cyber Security 2019

    Top Vendors

    IBM 2019

    Top Vendors

    Construction 2019

    Top Vendors

    Logistics 2019

    Top Vendors

    Managed Services 2019

    Top Vendors

    Manufacturing 2019

    Top Vendors

    Media and Entertainment 2019

    Top Vendors

    Cloud 2019

    Top Vendors

    Banking 2019

    Top Vendors

    Agile 2019

    Top Vendors

    IT Service Management 2019

    Top Vendors

    Retail 2019

    Top Vendors

    HR Technology 2019

    Top Vendors

    Oracle 2019

    Top Vendors

    Cognitive 2019

    Top Vendors

    Compliance 2019

    Top Vendors

    Contact Center 2019

    Top Vendors

    Healthcare 2019

    Top Vendors

    Gov and Public 2019

    Top Vendors

    Microsoft 2019

    Top Vendors

    Pharma and Life Science 2019

    Top Vendors

    DevOps 2019

    Top Vendors

    E-Commerce 2019

    Top Vendors

    Blockchain 2019

    Top Vendors

    IoT 2019

    Top Vendors

    Metals and Mining 2019

    Top Vendors

    Gamification 2019

    Top Vendors

    Field Service 2019

    Top Vendors

    Augmented Reality 2019

    Top Vendors

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Pinpointing Weak Links in an Enterprise Security Chain: Helping Companies Battle Data and Content Security Challenges

    Pinpointing Weak Links in an Enterprise Security Chain: Helping Companies Battle Data and Content Security Challenges

    Hiro Imamura, SVP and GM, Business Imaging Solutions Group, Canon U.S.A. [NYSE:CAJ]
    Evolving Customer Relationship Management: Move Fast or Die Trying

    Evolving Customer Relationship Management: Move Fast or Die Trying

    Ed Ariel, Vice President of Service Operations, ezCater
    Importance of Customer Relationship Management Implementation

    Importance of Customer Relationship Management Implementation

    Drew Fredrick, Vice President, Home Building Technology, Clayton Homes
    How enterprise tech startups and corporates can collaborate for innovation

    How enterprise tech startups and corporates can collaborate for innovation

    Paul Santos, Managing Partner, Wavemaker Partners
    How an Initiative for Standardization and Modularization Leads to Cost Reduction, Increased Efficiency-and Better Teamwork

    How an Initiative for Standardization and Modularization Leads to Cost Reduction, Increased Efficiency-and Better Teamwork

    Faruk Bilgin, Global Director Manufacturing Engineering of Webasto Group
    Empowering the Retail Paradigm

    Empowering the Retail Paradigm

    Jason Williams, VP of Engineering, DICK’S Sporting Goods
    Fortifying the Retail Pardigm Amidst Uncertainities

    Fortifying the Retail Pardigm Amidst Uncertainities

    Vlad Yakubson, Head of Retail, yd.
    Journey from Intelligent Automation (IA) to Artificial Intelligence (AI)

    Journey from Intelligent Automation (IA) to Artificial Intelligence (AI)

    Sanjay Choubey, VP-IT, Briggs & Stratton
    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://pharma.apacciooutlook.com/cxoinsights/data-diagnostics-drugs-doctors-how-digital-technology-is-revolutionizing-healthcare-nwid-7578.html