I am working on several new business ideas. As I have mentioned in this weblog, I see the most opportunity in Health care, Pharmaceuticals and Biotechnology. The information management requirements of these industries are extraordinary and the yield loss because of poor systems integration makes them a clear target for cost reduction and process transformation.
Also, there are a number of significant trends which I want to capitalize on in any new venture that I create:
1.) Automatic Computing: An approach to self-managed computing systems with a minimum of human interference. The term derives from the body's autonomic nervous system, which controls key functions without conscious awareness or involvement.
2.) Grid Computing: distributed computing, in which a network of computers taps into a main computer that links to thousands of distributed computing networks and processors resembling a utility company's power grid
3.) Web Services: The programmatic interfaces that are used for application to application communication
4.) WiFi: ubiquitous connectivity
5.) Broad application of XML and open source software
6.) Extremely low cost software development resources available in China
All of these trends, if harnessed creatively, can create a huge cost advantage for early adopters.
I think that I may be able to take advantage of these trends in Health and Life Sciences and I am beginning to build a team that will help develop and execute the vision.
