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Impact Of Disruptive Technologies On Life Sciences

The popularity of health apps (from simple step tracking to more complex sensor based body measurements) are placing a lot of power, ability to self-diagnose and take commensurate action in the hands of millions of people.

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The two greatest mysteries of the world are one on the origin of universe and two on the origin/mechanics of life. The last century saw a tremendous progress in getting some scientific answers to these questions. While answering the former is important as we need to know, answering the latter is critical as our existence depends on it.

While the profession and practice of medical care has transformed considerably over human history, the advent of new disruptive technologies may make the most critical contribution in time. If one were to list the challenges in medical care, access to medical information, early and self-diagnosis, ubiquity of medical services especially of specialized services, case referencing, and innovative remedy algorithm etc. would come up tops.

In this context, we see the emerging technologies capable of making a significant impact on the above challenges. The proliferation of smart phones together with amount of information available on the Internet is already addressing the information gap challenge that has existed since time immemorial; this coupled with the specialized apps and even crowd-sourced medical diagnosis and treatment has the potential of completely transforming the primary medical care.

The popularity of health apps (from simple step tracking to more complex sensor based body measurements) are placing a lot of power, ability to self-diagnose and take commensurate action in the hands of millions of people. And this is all helped by rapidly lowering of cost of delivering these services given the dawn of technologies like cloud computing amongst others.

However it is going to be new technologies like advanced robotics, next generation genomics, 3D printing, and 2D materials that can transform the surgical, diagnostics and the corresponding treatment world. These technologies are opening up new areas of diagnostics, novel and innovative ways of treatment and have the potential of accomplishing that at a fraction of cost of the legacy paradigm.

There has been a lot of discussion of the impact of the disruptive technologies on consumer behavior, media and retail consumption patterns, and ecommerce etc.; however arguably the most substantial impact would be on the life sciences both in terms of practice but most importantly in terms of outcome. Let a million ideas bloom in the disruptive technologies led life sciences eco-system.


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