A look at the news around healthcare technology, from the desk of Addison Care President Joseph Baffoe, with additional market news from Business Insights Manager Dakota C. Marquez.
“49% of organizations reported they were exploring or “just looking” into deploying machine learning, while a slight majority of 51% claimed to be early adopters (36%) or sophisticated users (15%). Lorica went on to note that firms identified a range of issues that make deployment of machine learning capabilities an ongoing challenge. These issues included a lack of skilled people, and ongoing challenges with lack of access to data in a timely manner.”
Machine Learning is becoming more and more a part of general practice in business applications, which is why it is so critical that we become part of this movement and be leaders not only survive, but to flourish. We are ahead of the curve in this regard because we invest in our team members to allow them to learn and become well-honed in new technologies without boundaries. Particularly in our data science team under David Keeley. Also, we will gain data in the home of customers that is currently inaccessible to most, hindering the use of machine learning in their products. Addison has the potential to break through that obstacle and become a leader in healthcare predictive analytics.
The Mayor of Las Cruces, Ken Miyagishima, acknowledges the Electronic Caregiver in the mayor’s address for the 70 jobs that we have created and sustained in the Las Cruces economy.
“At the Consumer Electronics Show this year, SameDay Security announced their virtual caregiver application Addison Care. The company already offers a suite of products for elderly care. But this ambition initiative integrating voice, 3D animated video, machine learning and more connected through multiple devices and technologies could very well become the gold standard of in-home care for our rapidly aging population.”
Companies are evaluated against one another and ranked by estimated Gross Domestic Product (GDP) by 2050. Pricewaterhouse Coopers predicts that the United States will remain in the top three strongest economies for the next few centuries. Amazon is definitely a large part of that success!
Sign 2: Adoption rates are on the rise.
“As one might expect, as technology evolves to play a greater role in all of our lives, seniors are no exception. With no signs of slowing, adoption rates continue to trend upward according to Gary , CEO of Hotel Internet Services, a provider of secure wired and wireless internet services for senior living communities. “The adoption rate increases every year,” he said. “Many seniors are very savvy in their use of technology now, and they’ve made it a part of their daily lives.”
Nothing compared to Addison.
“Look at chatbots. Initially known for their inability to come close to a human experience, chatbots have evolved to the stage where they can reduce waiting times and provide 24/7 service, even solving problems without the need for human intervention. ”
These projections for CAGR for AR are mind blowing!
” A 2016 report release by a well-respected industry research firm, Statista, painted a rather rosy picture for the global augmented (“AR”) and virtual reality (“VR”) segments. The report stated that: “In 2022, the augmented and virtual reality market is expected to reach a market size of $209.2 billion U.S. dollars.”
A new report from Zion Market Research, just recently released, actually gave the AR and VR global markets a higher than expected valuation: “… at around USD $26.7 billion in 2018 and is expected to reach approximately USD $814.7 billion by 2025, at a CAGR of 63.01% between 2019 and 2025.” So it appears that the markets are exceeding prior expectations. The AR and VR markets are usually grouped together but there are differences in the AR and VM technologies themselves. Each has a strong market share on its own but can also be used in conjunction, which is called augmented virtuality (“AV”), according to PC Magazine. ”
“There is no more user-friendly system on the market today. It’s like having a live caregiver standing there providing a simple instruction without having to work with complicated technology,” said Vincent Melendez, head of business development at SDS Electronic Caregiver. “We can even set alerts so if certain vital readings are too high or low, we can get a message to providers or responsible parties. Our clients say the experience is a welcome relief and a joy to use.”