Data Revolution in Healthcare and Lifesciences Industry

You may have come across sayings such as, “Nothing is permanent but Change.” Also a few others would say, “If Change was permanent, it would have stayed”. We evolve and so does our needs and priorities and in the Indian market it makes so much more sense because as a nation we yearn for access, empowerment and rights. Recently, growing attention has been devoted to the concept of “Open Innovation”, both in academia as well as in practice. Open innovation is “the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively.” The concept has emerged from the belief that growth just like innovation has to be inclusive. Recently, I was at the GE Edison Challenge venue in Bangalore, India where GE invited college/university students to showcase promising innovations that can aid in achieving these goals by a digital-physical solution across industries. The audience and mentor group came fr...