Data Revolution in Healthcare and Lifesciences Industry

Artificial intelligence’s #AI transformative power is reverberating across many industries, but in one healthcare its impact promises to be truly life-changing. The total public and private sector investment in healthcare AI are stunning: All told, it is expected to reach $6.6 billion by 2021, according to some estimates. Even more staggering, Accenture predicts that the top AI applications may result in annual savings of $150 billion by 2026. In theory, artificial intelligence and machine learning (AI/ML) can be applied to nearly every process in healthcare. In practice, however, entrepreneurs, enterprise leaders, and investors need to discriminate between incremental improvements and the 10X improvements that will transform the industry. In developing markets as well #AI driven companies are gaining attention and VC. Companies like Mfine has raised more than $24 million and has around 200 staff in Bengaluru and Hyderabad. But #AI faces several hurdles as well. When patient fi

A few of my interns recently did a brain-storming session with me. They were all enthusiastic to do something of their own and had many questions. Many of them I met at several accelerator competitions and hackathons. I am not an authority or a VC. So far, I have invested in 9 companies globally- all in healthcare or education. One thing that I have come across in almost every transaction is when seed funded companies go for Series A- Investor raise red-flags about 1. Recurring revenue 2. Team 3. Valuation One such situation came in today when I was asked How do you anticipate growth of 15%-20% YOY when in a force of 200 employees you have only 5 sales guys and 2 marketing people. What are you relying on? Most start-ups find it hard to answer such a question. When you cannot rely on sales and marketing to be your driver of growth, you rely on your customer to be your driver of growth. Hence when the service and the product keep evolving imparting better and sustained value-