ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

What science learned from COVID-19 and how big data can change medicine.

New York, New York, United States - 11-12-2022 (PR Distribution™) -

The coronavirus pandemic that broke out in late 2019 and claimed over 6 million lives uncovered many problems in global healthcare, such as widespread unpreparedness of the infrastructure for mass infections, lack of hospitals and medical staff, etc. Instead of prevention and anticipation, officials, epidemiologists, infectious disease specialists, and virologists were forced to act in the middle of an ongoing unfamiliar crisis.

Many lessons were learned over the past two years. For example, we realized that any organizational decision (be it lockdowns, COVID hospital deployments, or vaccine development) requires digitized global data on infection spread.

Pandemic analytics

COVID-19 triggered a rapid increase of available digital data that governments can rely on when taking epidemiological measures.

Intelligent analysis of such an unprecedented amount of data, in this turn, would be impossible without high-performance computing resources (such as cloud computing), advanced ML algorithms, and neural networks. 

Supervising EU lockdowns

The Italian Ministry of Innovation, in collaboration with the University of Pavia, adopted big data analytics to their needs, with the government starting to collect anonymous information on user movements from Facebook and Italian IT companies. Later, Enel X energy company and Here Technologies, a mapping content developer, created the City Analytics map that enabled Italian transportation agencies to track passenger mobility.  

The French government went even further in their masking campaign and armed themselves with DatakaLab, the AI-based video analytics tool that informed local transportation authorities on maskless passengers. AI Hub, a Singapore tech company developed the SafeDistancer app to monitor social distancing, based on AI and computer vision technologies. The app processes smartphone images to detect people in the camera frame and emits user alerts when people come too close together.

Infection waves and empty hospital beds

It would be strange if COVID-era AI solutions were used only for upholding restriction adherence and monitoring. As the pandemic progressed, countries began to adopt tools that cloud optimize the workload on medical facilities overwhelmed with admissions.

The UK’s National Healthcare Service (NHS) partnered with Microsoft, Amazon Web Services, Google, Faculty, and Palantir to introduce a digital platform based on big data, AI, and cloud computing. The platform consolidated the data on COVID patients' length of stay and hospital occupancy level, collected from Public Health England and the NHS. The platform also provided recommendations on hospital staffing and medical equipment supplies.

Telemedicine for symptom management

When it became clear that medics were stretched thin and hospitals turned into hotbeds of infection, telemedicine started to gain momentum, assisted by IoMT (Internet of Medical Things) gadgets like smartwatches, pulse oximeters, or common smartphones with specialized apps.

Telemedicine services enabled doctors to remotely monitor patients that did not require inpatient therapy. For instance, Mayo Clinic and Baptist Health, an NPO from Kentucky, adopted the practice of remote monitoring. In collaboration with Current Health Ltd, they will monitor patients with mild and average COVID-19 cases. 

Apple Inc teamed up with the White House Coronavirus Task Force, the Centers for Disease Control and Prevention (CDC), and the US Department of Health and Human Services (HHS) to release the “COVID-19 app”, where patients could provide information on their symptoms. 

Helping study and treat the coronavirus

Big data and AI also helped scientists understand the specifics of the new virus and its effect on the human body. Researchers at New York University and Columbia University partnered with two Chinese hospitals and developed an AI tool that predicted which COVID patients would experience more severe symptoms. The service also found the impact of liver enzymes, myalgia, and hemoglobin levels on patients' health deterioration. 

Superfast vaccine launch

During the coronavirus pandemic, among other things, innovative medicines were developed and registered with unprecedented speed. That was how the first two clinically approved mRNA vaccines against COVID-19 were launched, one produced by Moderna and by Pfizer and the other - by BioNTech.

Just a few days after Chinese scientists published the gene sequence of the new virus, Moderna specialists from Massachusetts prepared the plan for vaccine development. 42 days later, they delivered the first batch of the initial vaccine version to the US National Institutes of Health for Phase I trials. The vaccine was tested on people for the first time in early March, even though medication development generally takes years or even decades.

Fragments and leaks

Unfortunately, despite vast amounts of data and numerous analytical tools that became available over recent years, terabytes of data and their applicability remain an issue.

Scientists complain that technologies implemented by healthcare systems of several countries (or even one country) are siloed and fragmented. The absence of cross-system compatibility leads to the fact that collection, logging, distribution, and exchange of medical data between hospitals and state authorities, let alone different healthcare ministries, can be done only manually. 

About the Author

Rustam Gilfanov is an IT entrepreneur, a co-founder of a large IT company, and a venture partner of the LongeVC Fund.

Media Contacts:

Company Name: Blacklight
Full Name: Vlad
Phone: +7 499 340 33 83
Email Address: Send Email
Website: https://blacklight.ru

For the original news story, please visit https://www.prdistribution.com/news/what-science-learned-from-covid-19-and-how-big-data-can-change-medicine/9381212.

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.