Big Data and the Healthcare Revolution

Published on
April 10th, 2017
Topic
Technology, Business Strategy
Duration
37 minutes
Asset class
Equities

Big Data and the Healthcare Revolution

The Interview ·
Featuring Nathalie Le Prohon

Published on: April 10th, 2017 • Duration: 37 minutes • Asset Class: Equities • Topic: Technology, Business Strategy

Nathalie Le Prohon, from IBM, is at the forefront of technological change for healthcare, with big data, artificial and augmented intelligence starting a revolution in diagnostics and the delivery of medical services. Nathalie outlines the advances and potential as chatbots, machine learning and accelerated research makes healthcare truly patient centric, as well as opportunities for investors as the funding comes through. Filmed on March 28, 2017, in Toronto.

Comments

  • RP
    Raoul P. | Founder
    10 April 2017 @ 15:04
    I think IBM is one of the most undervalued companies in the world right now. Its got a p/e of 12.5 and is monetizing AI meaningfully.
    • MY
      Madjid Y.
      10 April 2017 @ 17:09
      I completely agree with you, IBM has been at the forefront of every tech revolution, unfortunately they lack speed to market and quick execution. Louis V. Gerstner Jr. says that 'products aren't launched at IBM – they escape!
  • HO
    Halldor O.
    10 April 2017 @ 15:20
    Bringing AI to healthcare is a very important topic. But just updating the user interface and user experience of healthcare systems would be a good start. A huge amount of time is wasted interacting with legacy computer systems.
  • JE
    Jos E.
    10 April 2017 @ 16:48
    Couldn't agree more with Raoul. I am involved with Watson through a company I seeded that has been integrated into Watson for various projects, and IBM's contribution to AI and its ability to commercialize the technology is MASSIVELY under appreciated, as is the scale and breadth of what they will be able to accomplish with it.
  • DM
    Dom M.
    10 April 2017 @ 20:01
    You make us Canadians proud!God Bless!
  • PV
    Peter V.
    10 April 2017 @ 20:31
    Humbling and brilliant..
  • GM
    Greg M.
    11 April 2017 @ 12:39
    What is interesting is the vestiges of the private sector in the USA in health are investing in cutting edge technology. The socialized medical markets are laggards. I find the technology aspect interesting but the economics flawed. The world does not need more public-private partnerships. (Crony Capitalism - make me jump out the basement window now) Also she herself went to Roswell in Buffalo to receive cancer treatment. What would have happened if she stayed in Canada! No matter what technology Canada implements they will have to ration care due to the socialist system. I may add the USA isn't far behind with Medicare and Medicaid. IBM has had declining revenue since 2012, and the company is exhibit A of financial engineering - issuing long term debt to buy back its stock.
  • SR
    Steve R.
    11 April 2017 @ 23:41
    IBM is on a PE of 12.5 for good reason. The likes of Google are taking much of IBMs business at the large corporate/enterprise level. If you want big data crunching and AI you have other big players on the scene now taking a large slice out of IBM's business, and this trend is accelerating.
  • SR
    Steve R.
    12 April 2017 @ 02:40
    The idea of storing your entire medical history on your mobile phone is just insane! Seriously, just think about the implications of this for a minute. Yes, have all your data held centrally for quick access in an emergency using your phone to identify you as an individual, but to store all that data on your phone? Really? How many phones are lost or stolen every hour around the world? There is nothing wrong with blue-sky thinking, but a dose of reality is sorely missing from many of these tech-based interviews.
  • SR
    Steve R.
    12 April 2017 @ 03:14
    A couple of other points I'd like to raise: 1. On the diagnoses front, AI will definitely lead a healthcare revolution, but... 2. When you visit a Doctor, you are facing and interacting with a person sitting in front of you, you know who they are. If you are interacting with a 'chat-bot' you don't actually know WHO is on the other side! 3. Technology is being used more and more to actively discriminate against individuals, for example, to refuse life insurance cover if you have an inherited condition, or to refuse you a mortgage on the same basis. 4. When you interact with AI, what if it gets it wrong? What is your recourse? AI algos (by their very nature) continually change. There is a legal issue here that no one seems able to offer any solution to. This is one of those "its not a problem until if affects YOU' problems.
  • HJ
    Harry J.
    12 April 2017 @ 21:24
    I miss M Green and Grant
  • CL
    Chewy L.
    13 April 2017 @ 00:20
    What are the major future technological disrupters? Any good books, websites or people to follow as it pertains to AI and healthcare? Thanks
  • RR
    Raj R.
    13 April 2017 @ 02:58
    I own IBM and owned it for 3 years. You get a nice dividend for holding too. The stock has not done much but i think it will begin to move now.
  • RR
    Raj R.
    13 April 2017 @ 03:01
    JIN L, i follow techcrunch and also sign up for Andreessen Horowitz podcast
    • CL
      Chewy L.
      14 April 2017 @ 16:47
      Thank u raj
  • MN
    Mark N.
    13 April 2017 @ 16:56
    In my opinion the interviewer comes across as uninformed as several of her questions backfired and as she couldn't resist bringing up her pet peeve that everyone should be re-trained to learn programming.
    • DC
      Dave C.
      18 April 2017 @ 05:03
      Agree regarding quality of the interviewer - maybe we have been spoilt with the quality of past interviews, but this candidate does not hack it in my opinion.
  • RD
    Richard D.
    14 April 2017 @ 01:38
    What a wasted opportunity! Interviewer needs training on how to ask open ended questions. Also, lacking general skills and knowledge "Asking about whether Doctors should learn to code" ! Seriously !! Not even listening to earlier responses about freeing up doctors to do what they do best..... And getting stuck on the privacy chestnut! Time would have been much better utilised with such a knowledgable interviewee around real examples of possibilities of technology use. Opportunity missed!
  • DR
    Daniel R.
    16 April 2017 @ 02:38
    Priorities: speed innovation, reduce costs radically, improve diagnosis, revolutionize quality. Need more coherent message
  • Jd
    Jan d.
    16 April 2017 @ 18:50
    Really missing the most important issue. How to avoid getting ill. This interview is not about healthcare, but about sicknesscare...
    • SW
      Scott W.
      23 April 2017 @ 14:21
      Not the point of the interview nor the focus of the interviewee. There must be, at least at this juncture of human existence, a "sicknesscare" component and in that context the material was relevant, timely, informative and thought provoking.
  • OD
    Octavian D.
    22 April 2017 @ 15:35
    As a recent graduate from medical school, I can say that all the technologies mentioned have some potential to improve the efficiency of the system, but will definitely not change the status quo. Real disruption in medicine will only come from creativity and trial and error in finding actual cures instead of 'patchwork' and redirecting focus and resources on preventive care. The trends are also not encouraging, considering that recent graduating classes, at least in Montreal, have almost no more teaching in basic physiology. You are taught to think in associations (symptom x, y & z -> problem x -> drug x), which is an attempt at making teaching medicine more "practical", but you end up with a lack of understanding of physiological mechanisms and dogmatic thinking, which is a grand recipe for disaster. These are just my 2 cents on the issue.
  • RO
    Robert O.
    5 July 2017 @ 05:39
    The real problems with the current health care system in the US is documentation for billing, HIPPA vs the need to access information, and the push for electronic medical records systems for billing purposes and not patient care. Taking care of patients is the relatively easy part of medicine. Physician burn out and the retirement of the baby boomer physicians will place yet another stress to the health care system. I believe that the Watson idea and your personalized medical records on you cell phone are good ideas.

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