5 Key Stories From The Digital Worlds

October 30

BY NABYL CHARANIA

1. 

WHERE TECH GIANTS ARE BETTING ON DIGITAL HEALTH

  • Last year in the US, investors poured a record $11B+ into digital health startups — a 16% uptick year-over-year
  • most active tech giants investing in digital health startups (based on the number of portfolio companies) are Google, Microsoft, and Tencent
  • In 2019 YTD, Data Management & Analytics companies have received the most funding by deal amount

2. 

BIOLOGY IS EATING THE WORLD: A MANIFESTO

  • Our ability to engineer biology will fundamentally transform how we diagnose, treat, and manage disease
  • Because these new medicines are engineered systems and programmable in nature, drug discovery and development will move from a bespoke to an iterative process
  • entire healthcare system—how we access, pay for, and deliver healthcare—is being re-engineered through technology

3.  

WAYMO TRIALS SELF-DRIVING CARS WITHOUT HUMAN BACKUP DRIVERS

  • “rider-only” trips have started in Phoenix, Arizona…no human attendants onboard — just the passengers and the robo car
  • Waymo remains the only self-driving car company to have begun a paid ride-sharing service
  • the company is looking for ways to create revenue outside of a ride-sharing service

4. 

TOP 7 DIGITAL TRANSFORMATION TRENDS SHAPING 2020

  • Omni-channel customers spend 10% more online than single-channel customers
  • Twenty-five percent of customer service operations will be using virtual customer assistants by 2020
  • estimates 165% growth in the next 18 months for companies that run their environment using containerized applications

5. 

WHY DIGITAL TRANSFORMATIONS FAIL — AND HOW TO FIX THAT

  • transition to digital is a $1.7 trillion industry, yet 70% of attempts end up failing, according to McKinsey & Co
  • best-in-class literature out there is starting to drive the message that digital transformation is an ongoing journey and you get there only by changing the DNA of the organization
  • Google has this formula where 70% of their effort is against day-to-day activities, 20% is against continuous improvement, and 10% is against disrupting themselves