Skip to main content

Innovation Inc: The telemedicine push and how the digital era will impact businesses and consumers

The digital era is officially here. And companies that haven't begun investing in their own tech overhauls are already behind.  It's not a groundbreaking thought: Almost any expert you talked to over the past few months would have likely shared the same conclusion. But it still bears repeating, because the digital push will have major ramifications for consumers and businesses alike.   It can be easy to miss as the world is overcome by a virus that has claimed hundreds of thousands of lives and a historic civil rights movement that is forcing society to grapple with decades of systemic racism. But the transformation is already happening before our eyes.  For example, many of the physical interactions we had been so accustomed to are now rapidly being replaced by technology that, until this point, had struggled to reach mass adoption.  Take Boston Scientific, a 41-year-old medical device manufacturer. Like other healthcare companies, it had to pivot nearly overnight to address the surge of interest in telemedicine.  Prior to the outbreak, many patients, doctors, and insurers still viewed telemedicine with skeptical eyes. Now, Boston Scientific's chief digital health officer thinks it could replace up to 80% of the nearly 884 million in-person physician visits each year.  And the company is quickly changing its focus to prepare for that. An augmented-reality-powered application, for example, can superimpose an expert's hand over a user's real-world view to help them set-up new products or even oversee the insertion of devices like pacemakers and catheters.   That's just one example of the many to come as emerging technology like automation, AR, virtual reality, and artificial intelligence provide a path forward for companies and customers alike to adapt to the "new normal."  Below are a few other stories from around the newsroom that highlight society's ongoing digital transformation.  And as always: If you're interested in receiving this biweekly newsletter and other updates from our ongoing Innovation Inc. series, please be sure to sign up here:  * Microsoft is offering free online courses for job seekers to develop new skills and land roles in growing industries like tech and finance * How a federally funded lab and a biotech startup are combining AI and supercomputing to find a coronavirus treatment — and why the partnership hints at the future of drug development * How Intuit's QuickBooks is using big data to help small businesses that are 'fighting for survival' during the coronavirus crisis * How real-estate giant Douglas Elliman's Eklund Gomes Team started beta testing the perfect digital tool for the coronavirus era a month before the pandemic hit SEE ALSO: Siemens and Salesforce are teaming up to try to bring employees back to the office safely. Here's what top execs from each tech firm expect for the future of the workplace. Join the conversation about this story » NOW WATCH: Inside London during COVID-19 lockdown
https://bit.ly/31PH52t

Popular posts from this blog

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...

'What is the X-Ray feature on Amazon Prime Video?': How to find and view bonus material about TV shows and movies

* X-Ray is an exclusive feature on Amazon Prime Video that displays bonus material about a show or movie, similar to the bonus features on a DVD. * X-Ray can show you information about the actors in a scene, the musical soundtrack, trivia, and more. * To activate X-Ray, you generally only need to click or tap within a video that's currently playing.   * Visit Business Insider's Tech Reference library for more stories. Amazon Prime Video's X-Ray feature is, at least for now, not available on any other video streaming service. X-Ray works like the bonus features you find on a DVD or Blu-ray. With just a few clicks or taps, you can get additional information about many of the TV shows and movies on Prime Video. When you activate X-Ray, Prime displays an overlay on top of your show, offering additional information.  Check out the products mentioned in this article: Amazon Prime Video ($8.99 a month at Amazon) Roku (from $49.99 at Roku) There are several kinds of info...

Here are the 9 health-tech startups that got coronavirus stimulus loans to keep workers employed during the pandemic

* The Paycheck Protection Program, created by Congress as part of a $2 trillion coronavirus bailout, helped small businesses stay afloat as they struggled economically during the pandemic.  * Businesses were allowed to qualify for up to $10 million in loans.  * On Monday, the Trump administration released the list of companies that borrowed most of the money. We spotted some applications from health-tech companies among their ranks, many of which are backed by venture capital firms.  * Companies that applied for loans include ZocDoc, HealthTap, Bright.md, and Wildflower Health. * For more stories like this, sign up here for our healthcare newsletter, Dispensed. Health-tech startups were among the recipients of federal loans intended to help small businesses stay afloat during the coronavirus pandemic.  Several of the startups have raised tens of millions from venture capital firms. Still, their business models became strained amid the pandemic, they told Business Insider.  Eve...