Have you ever ordered Products from Amazon, only to be surprised when it’s unexpectedly delivered in a box from Home Depot? Seems odd? Amazon and
Home Depot working together to deliver goods to desirous consumers. They are
businesses, that are acting as they should to stay in the game, using digital tools.
 |
| Digital radiograph. Radiographic film and chemical processing has gone by the wayside due to Digital Disruption |
  |
| My Amazon order information, details at my fingertips. |
Digital
Disruption
It’s a rocket on hyperdrive leaving us all on the
platform to see its tail racing away from us. Obviously Amazon found that sweet
spot on sale price and HomeDepot was obliging on the sale. At this rate, no
industry is immune to whats happening, Dentistry and healthcare are in the thick of this
transformation with things like Artificial intelligence (AI) and Blockchain.
 |
| Technology Gives Us Better Choices, New York State Dental News, Dec 2019, Vol32:4 |
Recently I wrote how technology creates better choices for us all around.
This map image above is one example; the overlying weather patterns gives us a lot of information
without explanation. It was produced as a video image supplying movement and
color about the severity of the weather and how and where it’s evolving. It was
provided compliments of my iphone and the app I used one day, while walking by the coast. I
imagined what it was like a lifetime ago, without this technology. This
technology changes lives.
Transcending & Transformative
In
2017 the Harvard business review wrote about digital transformation and its effect
on the S&P 500 index and the entry and exit of US corporations into that
group. In 1958, corporations listed in the S&P 500 averaged 61 years with a
progressive decline, and in 2011, the average tenure dropped to 18 years.
Current research estimates 3/4 of the S&P 500 will be replaced by 2027.1
That makes me want to recheck my investment portfolio.
Current research shows that in the past 20
years just over half of the Fortune 500 companies have gone bankrupt, been
acquired, or ceased due to digital disruption.2 Now I really want to review my
portfolio.
Technology
Blockchain, https://www.youtube.com/watch?v=SSo_EIwHSd4&feature=youtu.be the potential savior for patients to have the ability to seamlessly
share their personal health records with their providers or the
overseer of sharing information between providers, what is known as the inter-operability dilemma. Developed for
the financial sector in the 90s and a simplified solution to the safe data-sharing
dilemma we currently have. As the name implies a “block,“ which constitutes for
instance patient information is linked by a cryptographic hash and a timestamp
which connects that information to the previous block therefore allowing a
trace from where the information originated and maintains its immunity to
editing and manipulation. The patient manages the content of the block and
shares it by tokenizing the process. Awarding a key to the user or who is
allowed to access the health information.
1. https://hbr.org/sponsored/2017/07/digital-transformation-is-racing-ahead-and-no-industry-is-immune-2
2. https://hbr.org/sponsored/2017/07/digital-transformation-is-racing-ahead-and-no-industry-is-immune-2
Comments