PLATINUM SPONSOR ADDRESS: Watson Health a Population Health PlatformAnnette Hicks
Watson Health A Population Health Platform
Annette HicksIBM Health Industry Lead A/NZ
Healthcare is burdened with many inefficient systems
4
System inefficiency as % of total economic value by system
Impr
ovem
ent p
oten
tial
as %
of s
yste
m
inef
ficie
ncy
Education1,360
Building & Transport Infrastructure
12,540
Healthcare4,270
Government & Safety5,210
Electricity2,940
Financial4,580
Food & Water4,890
Transportation (Goods & Passenger)
6,950
Leisure / Recreation / Clothing
7,800
Communication3,960
Analysis of inefficiencies in the planet‘s system-of-systems
For example, Healthcare system‘s value is $4,270B. It carries an estimated inefficiency of 42%. From that level of 42% inefficiency, economists estimate that ~34% can be eliminated
Note: Size of the bubble indicate absolute value of the system in USD Billions
42%
34%
This chart shows ‘systems‘ (not ‘industries‘)
Source: IBM economists survey 2009; n= 480
Despite the significant clinical advances of the last 50 years, health services are faced with the same persistent problems: patient harm, waste, unwarranted variation, inequity, and failure to prevent the preventable. Health services are also faced with the new challenges of rising demand and resource constraints.
BUT
we are in the midst of a Third Healthcare Revolution driven by citizens, knowledge and the internet.
Third Healthcare Revolution – Prof Muir Gray
The Mega Trends
Mobile Social
Cloud
Analytics6
Healthcare Industry is dealing with data overload
60% of determinants of health Volume, Variety, Velocity, Veracity
30% of determinants of healthVolume
10% of determinants of healthVariety
Clinical data
Genomics data
Exogenous data(Behavior, Socio-economic, Environmental, ...)
1100 Terabytes Generated per lifetime
6 TBPer lifetime
0.4 TBPer lifetime
Source: "The Relative Contribution of Multiple Determinants to Health Outcomes", Lauren McGover et al., Health Affairs, 33, no.2 (2014)
Delivering value – extreme patient focus and insight
Clinicaldata
Genomicsdata
Exogenous data
Medical Literature
Guidelines
Institutional Knowledge
Major Areas of Innovations in Data-Driven Analytics
Genomics AnalyticsCognitive system for mapping sequencing results to literature
Medical SieveCognitive radiology assistant with advanced visual and textual reasoning
Personalized System of Insights
Patient Similarity AnalyticsAdvanced data-driven analytics on longitudinal patient data
IBM Watson Health CloudHIPAA compliant, standard based, massively scalable
SolutionsIBM & Ecosystem Solutions
DataStructured & unstructured
InsightsCognitive & Advanced Analytics
ProvidersPayersResearchersIndividuals PharmaGovt.
IBM Watson Health delivers knowledge and information using differentiated capabilities
IBM Watson Health // ©2015 International Business Machines Corporation
Advanced Analytics &
Machine Learning
Actionable insights at the point of care delivery
Cognitivecomputing
KnowledgeInformationData
Ecosystem for delivering value to healthcare industrySelected HC
Partners
250+ partners overall in Healthcare
Thank You