Live from Global Forum Chicago

Driven in large part by tech-savvy Millennials, the use of blockchain, big data, artificial intelligence and chatbots continues to usher in disruptive technology throughout the health care supply chain.

Electronic devices that provide an interaction between patients and physicians is part of a continuous path that is merging technological innovation with medical treatment.
Electronic devices that provide an interaction between patients and physicians is part of a continuous path that is merging technological innovation with medical treatment.

The convergence of technology and healthcare is disrupting health care processes, offering interactive tools to improve medication adherence and supply chain logistics, particularly for “last mile” issues.

In great part, technology-enabled healthcare is driven by a digital revolution, and its embrace by Millennials and Generation Xers who rely on electronic devices such as smartphones for everything from online banking to ordering UBER service to tracking and tracing the ingredients in their meal from “farm to fork.” But that’s just the beginning.

For example, consider this: A patient wakes up in the middle of the night about to experience a severe asthma attack. His “smart” inhaler is connected to the Cloud, allowing him to electronically communicate his symptoms to a physician who interprets the information, recommends a treatment and forwards an order for a prescription directly to a 3D printer in that patient’s house. Within minutes, a personalized pill is produced and taken by the patient to alleviate his conditions.

A video of that specific scenario was shown by Paul Zikopoulos, VP of Competitive & Big Data Analytics Teams & Future Trends Expert with IBM during his keynote presentation, “The Big Data Revolution—Examining the Profound Current & Future Effects of this New Technology Frontier & the Benefit to your Business,” at the Global Forum 15th Annual Temperature Controlled Life Science Supply Chains event Sept. 27 in Chicago.

The development of such asthma inhalers to improve medical outcomes is part of a global partnership between IBM and Teva Pharmaceuticals to enable drug development and chronic disease management fueled by IBM’s Watson Health Cloud.

Zikopoulos’ dynamic presentation touched upon numerous technology developments that further tie healthcare companies throughout the supply chain and companies involved in information technologies, such as Amazon.com, Facebook and IBM. He pointed to several technologies that he expects will have an impact on health care, including blockchain, big data, 4D printing, analytics/algorithms, artificial intelligence and the Internet of Things. Such technologies, said Zikopoulos, yield enormous power and potential in life sciences to “save time, save money and save lives.”

Zikopoulos acknowledged, “We will be overwhelmed by data,” noting that harnessing all the data and making computers more intelligent will be central to achieving health care advances. He noted, “We get an ‘A+’ for data collection, but only a ‘C-‘ for our ability to make decisions on how to use that data. We’re guilty of not knowing what we already know,” he pointed out in reference to understanding and using data.

Zikopoulos suggested that data can address supply chain/cold chain logistics issues and patient nonadherence, noting the following:

• “$14 billion is spent on managing pharmaceutical products through the cold chain. The growth rate for cold chain shipments is two times that of products not requiring temperature-controlled shipments.”

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