‘Old Medicine’ is poised for a dramatic transformation, a transformation that will “make medicine more efficient and precise and, obviously, ideally less costly.” So says Dr. Eric J. Topol, renowned cardiologist, geneticist, researcher, and director of the Scripps Translational Science Institute in La Jolla, California in his keynote presentation on October 15, 2012 at the LES Annual Meeting in Toronto. “Old Medicine” is at the intersection of healthcare, biomedical research, genomics, informatics, mobile connectivity, wireless sensing, and supercomputing. The effects of this transformation are already apparent to early developers, investors, and adopters of the new digital infrastructure. According to Dr. Topol “we are being Schumpetered” a word he has coined in reference to the philosophy of Joseph Schumpeter, an Austrian-Hungarian-American economist and political scientist who first used the phrase “creative destruction” in 1942 to describe his belief that innovation will drive the economy.
January 22, 2013
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