Reid Hoffman, the founding CEO of LinkedIn, once told me, “Your ideal timing for innovation is two years because you want to get the runway going.” As digital and artificial intelligence transform most industries, I thought it would be interesting to explore how some of the today’s transformative CEOs envision the future. Below are insights from five CEOs – who are transforming healthcare, smartphones, entertainment, corporate culture and the internet – about their technology breakthrough, and how they see technology changing the world over the next five years.
• Jim Barnett, Co-founder, CEO & Chairman, Glint
• Lixin Cheng, CEO, ZTE Mobile Devices
• Graham Gardner MD, Co-founder & CEO, Kyruus
• Andy Ory, Co-founder & CEO, 128 Technology
• Rich Riley, CEO, Shazam
Robert Reiss: Describe your breakthrough in technology?
Lixin Cheng: The foldable ZTE Axon M is the first real innovation to hit the smartphone market in the last 10 years. Its two identical 5.2-inch screens enable consumers to take advantage of true multitasking capabilities and much more through four different modes. Dual screen functionality allows a consumer to use two different apps on two different screens all at the same time. When unfolded, the Axon M can use both screens as one, providing a full 6.75-inch screen for a tablet-like experience. There are many more use cases and modes the ZTE Axon M can deliver, and we believe this new foldable smartphone category ZTE created represents a meaningful innovation that will transform the industry’s approach to smartphone design.
Dr Graham Gardner: While healthcare is a field known for scientific breakthroughs that can transform patients’ lives, it often lags behind other industries when it comes to the adoption of workflow best practices. To make matters worse, even though the healthcare industry has been a tremendous producer of data (in the form of information like medical record notes and claims data), it has historically been a poor utilizer of that data – only recently beginning to incorporate individual and population health analytics into care coordination efforts. Cumbersome processes and information challenge too often hamper the very mission of healthcare.
Several years ago, we saw the convergence of several trends that inspired us to leverage an analytical framework from the world of sports to improve care delivery. Just as Moneyball helped baseball teams understand players’ relative strengths and taught managers how to use statistics to inform optimal team composition, we saw an opportunity to use data to help health systems determine how to match providers with patients in a way that benefits the patient, provider, and health system alike. Multiple factors facilitated this opportunity in healthcare: the increasing liquidity of data about providers; the emergence of Big Data and the ability to process information at scale; and the passage of Obamacare, which created urgency to understand and manage provider networks oriented around value-based care. Today, Kyruus’ platform houses tens of millions of data points on over 100,000 providers and helps health systems across the country make precise patient-provider matches based on clinical expertise, insurance, demographics, availability, and more.