They included representatives from the Australian national Innovation Centres, universities, hospitals, medical research institutes, industry partners ArchiTech, AiRISTA, Rivernet Communications, Boston Scientific, Intel Corporation, as well as Monash University Malaysia, and start-ups.
It was a fabulous couple of days of discussions, panels, and networking! It was fantastic to be in the vibrant city Singapore and visit the Australian High Commissioner to Singapore – Allaster Cox‘s residence were hard to top.
Key takeaways from the discussion emphasised the critical need for increased digital health investment to meet future healthcare demands – “Digital health is the fulcrum that is going to change the Henry Ford model of healthcare.” The summit also highlighted the importance of universal healthcare and the need for greater collaboration between health sectors, industry, universities, and government to achieve better outcomes.
Measuring “quality of life” during the later stages of life, where the majority of healthcare spending occurs, was also underscored. The role of AI was discussed, noting its potential for high accuracy, although it is often held to stricter standards. AI can be particularly useful in handling low-value interactions, and while GPUs are commonly used, they are not always necessary for AI’s sustainability.
Cisco’s $1B AI investment fund was noted, along with the importance of normalizing work with and purchases from start-ups. Universities were encouraged to promote commercialisation efforts, and it was concluded that great execution often trumps a great idea.
