Want to practice capitalism?

Capital 2015-09-24_13-50-47

As with most modernized economies, the United States economy utilizes capitalist principles. It is only fitting that we invented a technological solution that will help companies engage in c-api-talism using APIs in a more efficient manner.

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Digitizing Healthcare, Because Our Lives Matter

This article originally appeared on IBM Big Data & Analytics Hub.

The United States spends around 17-18% of its GDP on healthcare every year. When you put this into dollar numbers, it is a mind-boggling $2.9 trillion.

Unfortunately, that spending will grow at a faster rate now due to baby boomers becoming an aging population, and they are the largest demographic in the U.S. (Baby boomers are about 76 million, which accounts for 25% of the population of the U.S.). The healthcare related spending is expected to grow at a faster pace than the under 5% annual rate it grew over the last decade.

Unless the U.S. gets this spiraling healthcare spending under control, in a few short years we will be spending almost 25% of our entire GDP in healthcare trying to fix people’s failing health, instead of spending it somewhere else where it is desperately needed. Obviously, we can’t stop the aging population, but we can make the healthcare system more efficient. Overall, chronic diseases account for about 86% of the health care spending in USA. Severe chronic conditions such as heart disease, arthritis, asthma and diabetes alone cost 33% of the total spending.

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Bringing your ideas to life in digital economy

Bringing your life-changing ideas to fruition needs a different mindset (and toolset) in the digital economy. The need for speed with digital innovation is more important than ever, with every start-up trying to push the envelope with their new ideas.

Remember the good old days, when you had an idea and tried to prove that concept by doing a POC (Proof of Concept)? While the POC technically stands for proving a concept, most times it is done as a proof of technology. We try to figure out a way to incorporate this newer idea into an existing IT infrastructure, often failing, and trying to make it work. I still remember the days in which we used to wait for the security admins to open the appropriate ports and give us the right access before we could even start to “install” our software to try things out. Those days are gone!

In the digital economy, once you get an idea, you cannot afford to sit around and build it for years, not even months, like legacy enterprise software.

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