In a surprise announcement recently, Apple Inc. preceded the debut of its new line of connected watches by unveilingResearchKit, a medical research platform that has demonstrated its powerful potential with the first five applications. The open-source ResearchKit and evolving HealthKit promise new ways for apps and researchers to gather sensor and health data that will enable faster clinical insights at lower cost.
Digital health and mobile health platforms have been emerging for a number of years, primarily in consumer health, but few with clinical rigor or clearance from the U.S. Food and Drug Administration. As in other product categories, Apple has used thoughtful design and its market strength to create a powerful new platform that lowers the barriers to creating apps. ResearchKit promises to benefit researchers, physicians and patients across a spectrum of diseases, from rare diseases to widespread chronic diseases that make up the majority of healthcare costs.
Apple’s new platform will amplify a broad set of new opportunities we are calling “Digiceuticals” — where software, sensors and apps are standalone treatments for disease and integrated into comprehensive care plans alongside drugs and medical devices. Leading academic groups have already demonstrated that digital tools can improve the effectiveness of drugs and health behavior change. Health platform investments by Apple AAPL, Google GOOG and Samsung KRX are lowering the barriers for reaching the right patient, time and place with engaging messaging customized for each patient.
In the US, a minority of individuals commit the majority of crimes. In fact, about two-thirds of released prisoners are arrested again within three years of getting out of jail.
This begs the question: is there a way to predict which prisoners are more likely to become repeat offenders?
Recidivism prediction is important because it has significant applications in terms of allocating social services, policy-making, sentencing, probation and bail. From judges to social workers, all parties involved need to be able to work together and understand the risk posed by various individuals. Read More »
If you wanted to hack a business, which one would you pick: A Fortune 500 company with a large digital-security budget and a team dedicated to protecting its cyberassets? Or a small enterprise that doesn’t employ a single IT security specialist? Of course hackers are equal-opportunity criminals, but you get my point.
Security breaches at big companies such as J.P. Morgan,Sony and Home Depotdominate the headlines, but safety measures are crucial for organizations of all shapes and sizes. According to the 2012 Verizon Data Breach Report, 71% of cyberattacks occur at businesses with fewer than 100 employees. The average cost of a data breach for those small businesses is $36,000.
We can no longer assume that hackers are solitary figures sitting in basements fiddling with their laptops. They may be members of organized-crime groups or employed by nation states, and they have resources that can destabilize entire companies and countries. These hackers constantly look for Internet vulnerabilities. They break through firewalls, infect machines, and use phishing schemes to gain access through emails to people’s passwords and Social Security numbers. They can then leverage weaknesses in applications to cause a database to output its contents.
So what can the owner of a small business do to defend himself? Here are some tips.
We’ve seen the downfall of many bricks and mortar stores over the last decade, including Borders, Circuit City, and most recently, RadioShack — to name just a few. As e-commerce continues to rise, it’s seemingly becoming more difficult for traditional stores to stay in business.
It’s true that online shopping has significantly grown over the last 10 years. Even in the last year, we’ve seen a noticeable uptick. According to the U.S. Census, total e-commerce sales for 2014 in the U.S. were estimated at $304.9 billion, which is a 15.4% increase from 2013. However, plenty of bricks and mortar stores are still healthy. Is it fair to blame e-commerce for every store closing and bankruptcy?
As a U.S. bankruptcy judge on Tuesday said he would approve a plan by the electronics retailer to sell 1,740 of its stores to the Standard General hedge fund and exit bankruptcy, it’s worth taking a closer look at why RadioShack failed. E-commerce wasn’t the only culprit. One big mistake involved poor strategic decisions over its financials. Feeling undervalued, the retailer bought back $400 million in stock in 2010 when its net profit was $206 million. It did something similar in 2011 when its net profit had declined to $72 million and it did another buy back for $113 million. In the end, it spent more than $500 million trying to push up the stock price.
Mobile payments will be one of the hottest businesses in 2015 as consumers increasingly swap cash and credit cards for their smartphones. How fast the mobile payment market segment grows, however, will depend on consumer trust, security and ease of use.
While consumer-to-business (C2B) payments have taken off with companies like Apple Pay and PayPal, consumer-to-consumer (C2C) payments are the next frontier.
Reliable statistics on C2C mobile transaction growth are hard to come by. But according to Gartner Research, by 2017 the total worldwide mobile payments market is expected to reach 450 million users (18% growth a year) and be worth $721 billion (35% a year).