businessinnovation

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Sensors placed on the patient can now monitor many of these signs remotely and continuously, giving practitioners early warning of conditions that would otherwise lead to unplanned hospitalizations and expensive emergency care. Better management of congestive heart failure alone could reduce hospitalization and treatment costs by a billion dollars annually in the United States. Yes, there are traces of futurism in some of this and early warnings for companies too. Business models based on today’s largely static information architectures face challenges as new ways of creating value arise. When a customer’s buying preferences are sensed in real time at a specific location, dynamic pricing may increase the odds of a purchase. Knowing how often or intensively a product is used can create additional options—usage fees rather than outright sale, for example. A computer network is a set of computers that are connected together so that they can share information. The earliest examples of c...