How Google and Novartis are shaping health tech
According to our sister publication Healthcare Global, Novartis announced that the company was planning on beginning the first of human tests in 2016 and a patent application shed light on how Google might power its glucose-sensing contact lens.
Click here to read the latest edition of Business Review USA!
Novartis to start human trials
Novartis is planning the first human tests next year of a "smart" contact lens it is developing with Google designed to help restore the eye's natural autofocus.
According to a report, Novartis CEO Joe Jimenez told Swiss newspaper Le Temps “it would take about five years to see a product on the market.” The project, however, was “progressing well.” The Novartis smart lens is for accommodative vision correction in people with presbyopia, or age-related long sightedness, who can no longer read without glasses.
“For people living with presbyopia who can no longer read without glasses, the ‘smart lens’ has the potential to provide accommodative vision correction to help restore the eye’s natural autofocus on near objects in the form of an accommodative contact lens or intraocular lens as part of the refractive cataract treatment,” Novartis said in a statement last year.
Google files patent
A recent patent application shed light on how the smart lens Novartis and Google are working on will be powered—an external device will power the sensor and it could be handheld or embedded in a companion wearable.
“An external reader device or ‘reader’ can radiate radio frequency radiation to power the sensor,” the patent application says. “The reader may thereby control the operation of the sensing platform by controlling the supply of power to the sensing platform. In some examples, the reader can operate to intermittently interrogate the sensing platform to provide a reading by radiating sufficient radiation to power the sensing platform to obtain a measurement and communicate the result. The reader can also store the sensor results communicated by the sensing platform. In this way, the reader can acquire a series of analyte concentration measurements over time without continuously powering the sensing platform.”
"It's really hard for people to manage their blood sugar," said Jacquelyn Miller, a Google Life Sciences spokeswoman, in an interview with KQED. "We're hoping to take some of the guesswork out of it."
The contact lens is one of the biggest projects under Google’s Life Sciences group, which recently graduated Google X to become an independent subsidiary of Alphabet. Its new name under Alphabet has not been announced, but the company has taken a number of steps recently to put diabetes in the forefront of its work, including partnerships with Dexcom and Sanofi.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.