Transcript 0:00 [on-hold music] Here's my opinion for today. COVID-19 is going to open up doors for an explosion of IoT adoption and innovation in the healthcare realm. 0:15 [upbeat music] Welcome to The Peggy Smedley Show, the podcasting voice of IoT and digital transformation with your host, Peggy Smedley. 0:35 Hello, listeners, and welcome to today's edition of The Peggy Smedley Show. I'm your host, Peggy Smedley. 0:41 This month on the show we're talking about a few different topics, including healthcare and also how COVID-19 is impacting business. I think I pretty much think we all are, uh, feeling impacted by this. 0:54 All I know about, I'm ready to get out. How about all of you? All right. So th-this show, I think we've got a lot to talk about. 1:02 A study just came out on the latter with a focus on the Internet of Things, so I'm gonna definitely be covering that, and then I'm gonna turn my attention to healthcare later on in the segment. 1:13 Uh, I've also, after the commercial break, I'm gonna open up the show with Joe Peterson, Vice President of Cloud and Security from Clarity 360. We're gonna talk about Cisco's new CIO Perspectives Twenty-twenty study. 1:27 So we're gonna talk a lot about that. And then I'm gonna wrap up the show with John Havlik, he's the co-author of The Leadership Killer: Reclaiming Humility in an Age of Arrogance. 1:38 You're gonna wanna stick around for that as well. We've got a great lineup of guests as well. So let's get started. 1:45 Up to this point, since the, since the COVID-19 pandemic is so new, I don't know, for some of you might think it's still new, we haven't had so much data, I guess, is what we really should be saying. 1:58 We've been out, uh, what, uh, we've been locked in a couple months now, but if you think about it, there's not been a lot of real data about how the pandemic is affecting the Internet of Things in particular. 2:12 You know, I've tried to keep up with all of it. 2:16 I've tried to keep you all up to date on what we do have in terms of data, and find that talking to the actual people involved is often a great way to take an industry's temperature, I guess, no pun intended. 2:33 But, uh, so I hope you've been keeping up with this show, with the podcast on Thursdays. 2:39 But just last week, Research and Markets released a report examining the COVID-19 impact on the Internet of Things market in general. 2:48 Now, I devoured that report, I'm gonna tell you, to see how it stacked up with what we've been hearing. 2:55 And interestingly, I want to share with you a couple of key points today as food for thought, and then I want to tell you a, a little bit of my perception, I guess, with that. 3:08 And I want, after the show, um, or I guess during the show or however you're feeling, I want you to share your thoughts with me on social media, whether it seems accurate based on what you're seeing as well. 3:22 Because I could tell you everything I'm thinking about it, but I always am curious what you think about the things that I'm saying. I wanna hear what you're saying. I really want us to engage in a conversation. 3:33 For f- so first, let's talk about the big changes that have taken place because I think just bringing them to mind will help, uh, frame the discussion. I think that's a good place for all of us to start. 3:46 A majority of countries surveyed by the International Trade Union Confederation are, are, I guess you could say are on lockdown, right? All of us would agree with that, with n-non-essential businesses being closed. 3:57 And I have to tell you, we were out this weekend and, you know, you're kind of not supposed to be out, but the weather at some point was a little bit nicer, and I don't know what's closed or what's essential or not essential because what should be closed is not closed, but here's what I got. 4:11 Sixty-five percent of countries at, at the time of this survey, end of March, were promoting work from home business models, and my assumption is the number is higher now, but you get my point here. 4:24 These two factors alone have had significant impacts on just about every business in e- in every industry. 4:30 And as my point about being out this weekend is I can't tell what anymore is essential or non-essential because you can find stores that are closed, other stores that are open. So I don't know what's considered... 4:42 I know the list, but what's on the list and what was open is not exactly true, or how they were open is kind of puzzling to me. 4:51 But anyway, all essential non-travel has been canceled, and so as you know, so the transportation industry is definitely in flux right now, but we're starting to see it open, and whether people wanna fly or do whatever they wanna do is another thing. 5:05 But I digress, but let's, let's discuss this. But new challenges are also opening up opportunities to leverage the IoT. 5:14 So let's talk about the Research and Markets survey released just last week as I started the, the opening of my show. 5:22 The research firm says the transportation segment has actually shown the highest growth rate during the forecare-- forecast period. 5:31 Now, I know you're all going, "I don't get that," but let me give you the numbers, and then you can come back to me on this. 5:37 Ironically, the research suggests that IoT is opening up new revenue streams in the transportation industry by facilitating the real-time tracking of vehicles in airports, automating things like checking passenger travel histories, as well as identifying people who might need to be quarantined. 5:58 So I personally was surprised to see the transportation being identified as the industry with the highest IoT growth rate due to date because we're hearing about how everybody's struggling.I personally don't like seeing the pictures of like what they're showing in Italy, where the guy with the smart helmet, he looks like a giant ant bug helmet. 6:22 I am scared by seeing that. I put it on Twitter. I think the whole thing looks ridiculous. I get the safety measures, but I think at some point we're going over, over the top, but that's just me personally, but okay. 6:34 Most of the reports we tend to hear say the opposite. So tell me what you think. I mean, are we going up? Are we going down? Are we being secure? I don't know. 6:46 Less surprising was the second key point from this survey that I'll mention, which indicates that the healthcare space will record the highest investment and growth in twenty twenty. 6:58 So telehealth and tele-telemedicine solutions are becoming so important during the pandemic, which we've all seen. These heroes have been amazing. 7:07 But telehealth is allowing doctors to see their patients without requiring them to leave their homes, and some of the IoT applications in particular that are contributing to the adoption growth include connecting imaging, remote patient monitoring, and connected worker solutions. 7:24 We've all seen that. We see all the pictures. We all know what's going on. And now I just want to turn my focus completely to healthcare because this is where I find it so interesting when we look at these numbers. 7:34 Another research study that recently came out kind of dives into the global, kind of global digital health market in general. 7:42 And this research from Technavio isn't kind of taking into account the COVID-19 pandemic, so I want to consider these trends in light of new information, which I think is important. 7:54 So for instance, Technavio forecasts a two hundred and seven billion dollar market for digital health by twenty twenty-four, growing at about a twenty percent compound annual growth rate. 8:06 So the major driver, according to this study, is increasing support for digital health from governments around the world. 8:14 So honestly, when I read that, I, I kind of had to laugh at how watered down that sounds in light of what's been happening. 8:22 So increasing support for digital health is one way of putting it, and kind of forced to find ways to provide quality healthcare without putting people's lives at further risk would be another way of putting it. 8:36 Now, I don't want to be mean or anything, but 8:39 in this month's feature on connectedworld.com, we make the case that based on our research, that COVID-19 pandemic will forever change the healthcare industry, and I got that. But to what point at some degree? 8:55 No one is going to forget that this happened for a really, for a really long time. 9:00 And after the emergency phase of this pandemic passes, you know, in the United States, we're going to see a lot of people and entities trying to figure out how we can leverage the IoT to prevent similar situations from occurring again. 9:15 For instance, imagine if today we had a system in place that treated aggregated anonymous data as a public good, and we could use that data to fill in information gaps for the purpose of public health surveillance. 9:29 Imagine if folks had access to information about their own health thanks to connected devices like connected thermometers and pulse oximeters, which could ease a lot of the anxiety plaguing people right now as they worry about COVID-19. 9:45 In fact, you know, that reminds me, did anyone see that interview with Chris Cuomo, the CNN anchor, after he was diagnosed with COVID-19? 9:54 He talked about how much of a comfort the pulse oximeter can be for people suffering from the virus because you can get some basic data about your health whenever you want it. 10:05 I mean, you know, earlier this month in segment one, I talked about cybersecurity during these tough times, particularly in healthcare. 10:13 You know, with an increase in connected medical device use and connected health solutions, we're going to see more security issues popping up. 10:22 You know, we're gonna see a lot of different things happening, but we're going to have to be looking at all kinds of things, and I think that's what's really important. 10:31 However, I think what we have to really be thinking about is a whole plethora of ways of looking at. 10:38 So here's my opinion for today: COVID-19 is going to open up doors for an explosion of IoT adoption and innovation in the healthcare realm. 10:50 I think it's already happening behind the scenes out of pure necessity, and I think it will continue to actually create a lot of different things throughout the next couple of years. 11:02 So I want to give you my tip for the day as well. I want you to weigh in. We don't have a ton of data yet, and we all know that, but I am curious about how will COVID-19 affect all of the IoT. 11:16 But I would like to g-- see us gathering and talking about all of the data we can get, and I would love for you to email me, I'd love for you to tweet at me, send me a message on LinkedIn, because unless we gather as much information as possible, we're never gonna know. 11:33 We're all gonna make assumptions about COVID-19, the next pandemic, but I really do want to check in with all of you and hear what's happening at your company and your particular industry, because that's the only way it's going to matter. 11:47 We can all make assumptions, but unless we have real data to back up those assumptions, again, it's only our opinions. Data is the only thing that really matters. 11:57 So here at Connected World and The Peggy Smedley Show, we'll continue to provide you with, I think, valuable updates and a forum to just stay connected on what's happening in a world of IoT as well as we get through what right now has been a tough time. 12:13 And I'm sure you're all tired of hearing that, as I know I am, because we all have to go move forward. 12:18 We all have to think about what's next, and what's next is really a positive outcome and not just think about the past and what's negative. 12:26 We have to use data to help us think about the IoT and AI and, and sustainability and the things that are most important to all of us, and that's where I look at things. 12:36 I look at how do we leverage the positive, and that's the only way we should be looking at all of this. All right. Well, you know, we're out of time. And what did I say? I want you all to help us talk about this. 12:49 And where you could do that is tweet at me at connectedwmag. You can go up to LinkedIn. You can find my LinkedIn and send me a message there, or you can always email me. So I'd love for you to do that. All right. 13:00 You check out our website at connectedworld.com or The Peggy Smedley Show website or peggysmedleyshow.com. We're gonna take a quick commercial break. We've got our guest coming back up here. 13:09 But in the meantime, this is The Peggy Smedley Show, the podcasting voice of IoT digital transformation. And remember, with great technology comes great responsibility. Go get that quick cup of coffee. 13:18 We'll be right back after this commercial break. [outro music]
