Lois Drapin, Founder & CEO of The Drapin Group, provides a recap of the Venture+ Forum held the day before the official start of the mHealth Summit 2013. This is the first of her dispatches, courtesy of HIT Consultant.[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2013/12/mooc1.png” thumb_width=”150″ /]Yes, it’s true. Sunday’s Venture+ Forum, one of the day-long events that takes place before the official start of the mHealth Summit 2013, was a lot like living Gartner’s Hype Cycle in one day. Before I tell you why, let me first offer my sincere apologies to Gartner Inc. (I’ll reference the Gartner methodology in underlined italics). Absolutely no offense is meant, but this borrowed framework could be the assist I need at 1 a.m. to offer up my POV.
Keynote Speaker: Jack Young, Director of Qualcomm Ventures
The day began with Jack Young, Director of Qualcomm Ventures and head of the Qualcomm Life Fund. He talked about trends that we should all know by now— the rising costs of healthcare (at $8K per human per capita, health is the most expensive subscription in our home); the aging population (a company in Japan reported that it had sold more adult diapers than baby diapers this past year). Qualcomm sees the Technology Trigger in the emergence of wearables or “mini working computers” and with big data in health such as claims data, EMR data, genomic data, consumer and social data. The wearables industry is emerging, having come into our lives connected to our smartphones. In this way, if you will, our social-ness is changing too. When you wear a wearable (watch, glasses, shoe, shirt, pin—whatever item(s) we choose), we are more likely to accept that “I’m on the journey” to health, wellness and well-being. We’re involving our friends, families and co-workers. The data that is, or will be coming from our use of wearables and other sources, will give us meaningful insights that can change behavior and health outcomes. It sounds a bit like ‘Lucy in the Sky with Diamonds’, yet who doesn’t love an investor with ‘California Dreamin’’ on his mind. I know I do.
But I already could feel the climb toward the Peak of Inflated Expectations. It really didn’t seem too far away or too high up. (more…)