Related Previous ArticleAT&T drops fight against FTC in data throttling caseNext ArticleFeature: Mobile 360 Privacy & Security 2018 Day 2 highlights KPN puts Ericsson in patent hotseat AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 01 JUN 2018 Chris Donkin Tags Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more KPN snubs two takeover approaches Home KPN scraps failing TV app Author Leading Dutch operator KPN axed its pay monthly TV app KPN Play due to a lack of consumer demand.In a statement, the operator said the service will end on 2 July and customers would not be charged for the last month, adding: “We have seen that demand in the market has been insufficient for this new way of watching TV.”“KPN has learned a great deal from the product and its users, and uses this knowledge for other products,” the company noted.The app launched in 2015, allowing users to watch live and catch-up TV on smartphones or tablets, along with TV sets equipped with a streaming device. At launch the operator hailed the service as: “the answer to new viewing behaviour”.KPN did not provide updates on its progress, but given the tone of its latest statement it appears the service was unable to keep pace with big-name rivals.Figures from GfK showed a third of the country’s adult population had access to a Netflix account in February, with over half of the 13 to 34 year-old age group logging onto the streaming company’s website or app.KPN will continue to offer streaming services through its KPN interactive TV application, which is part of its wider pay-TV proposition and is only available as part of an annual contract. At the end of 2017, the company said it held a 32 per cent share of the total pay-TV market in the Netherlands – comprising both digital and analogue services.Earlier in 2018, T-Mobile Netherlands announced its mobile TV app Knippr would cease operation today (1 June). KPN in line for $15B takeover bid KPNTV streaming
Oculus and Jason Rubin: We’re re-learning the language of game makingFrom Crash Bandicoot to the cutting edge of virtual realityRachel WeberSenior EditorWednesday 14th October 2015Share this article Recommend Tweet ShareCompanies in this articleOculus VROculus VR Inc.Jason Rubin was a star hire for Oculus VR last June, bringing a wealth of top-level games experience to Facebook’s acquisition. He founded Naughty Dog, created and sold Flektor and even managed to give a dying THQ dignity in its final months and now, he told GamesIndustry.biz, working in virtual reality is making him feel 20 years old again.As head of worldwide studios, Rubin oversees first and second party studios as they create the games and applications that will define the launch of the Rift headset. No pressure then. Rubin, however, is clearly thriving on the challenge. Here, he shares his insights into the challenges developers face, the potential for the system and why you should get on board now.Q:You have a long history in development. I wondered if you had any misconceptions when you first tried VR or first looked at VR development?Jason Rubin:”I had two thoughts which were exactly opposite of each other. I thought one or the other would pan out. The first was that the scientists kept saying you couldn’t do any camera movement whatsoever. You had to stick to very strict rules otherwise people wouldn’t be comfortable. That was going to be a challenge. “The other side of the coin was my game development background which said ‘We’ll figure out a way to get around all this. There’s got to be some trick.’ What it’s turned out to be is a mixture of both of them. You really do have to respect the science, but around the science you can bend the edges a lot. I gave the example of the sniper rifle. Scientists told me you can’t zoom in, well you can. They say that you can’t move a camera quickly. We do it in hockey, no one notices because your feeling of impact. If we do that over a longer period of time, people won’t like it. It really accentuates what we’re doing.”You really do have to respect the science, but around the science you can bend the edges a lot” “We’re kind of re-learning the language of game making. Just like when you’re given a video camera the first time, or a movie camera. Then the assistant disappears and they stop the camera and everyone went ‘whoop.’ We’re at that moment with VR right now. Everything’s incredibly cool and interesting, but we’re going to have to get to the point where we actually can make real movies. We actually can make real stories, and we can actually make real games that are compelling. Getting there is going to be re-learning that language. It’s going to be a balance of respecting the science and testing.”Q:And how are you finding the development process differs for VR games? Are elements like QA more time consuming?Jason Rubin:”The QA process and the testing process for the most part are very similar if you’re making games. Because games are games, you can break them in the same way as you used to. The comfort testing process is new and different. That requires a certain rigour and a certain acceptance of the data above instinct. That’s been a little hard for some of our developers to come to grips with. “For example, as a game maker, you get told ‘that won’t be fun’. There were times where I was told that making the games I was making where I said ‘To hell with your data, I’m an artist. People will love it.’ More often than not I was right. Sometimes I was wrong, but more often than not I was right. Going against the data in comfort is not the same. The data rules. So getting our developers to respect the data in that sense has been slightly different. Once they get past that, it’s just another process of testing. Is this comfortable? No. Don’t do it, come up with a different solution.”Q:In terms of acclimatization for the audience, do the launch apps need to be gentler compared to what’s going to come out a year later? Because the audience needs to understand and acclimatize to VR?Jason Rubin:”I think we as a company believe in comfort. That comes from our CEO, that comes from Facebook as well. We want to create a comfortable experience. So we are focusing on comfort. Where we go in the long run, is going to be an interesting question. Out of the gate, we’re going to focus on comfort. I also think that technology will improve. That helps a lot. We’re at ninety frames a second right now. It’s better if we’re at one hundred and twenty, it’s better if we’re at two hundred and forty. We have certain types of screens, it’s better if we have different types of screens. The technology is know, we know how to take the next comfort step in terms of the tech. It just takes a while to get there price point wise. So technology will get better. “Development technology will get better. Developers will understand what they can do and what they can’t do. They’ll just get that. Then acclimatization will also be in existence. Exactly the same function happened in first person shooters. John Carmack works at Oculus. When he started working on his first first-person shooter, it wasn’t 3D. That was Wolfenstein. His second one Doom we can argue about whether it’s 3D, but it made a lot of people uncomfortable. There were articles written at the time how first-person shooters would never work. Now if you play a Call of Duty game, they’re shaking you, you see your hands, you jump across the hood of a car, your feet come up on screen, and they’re doing all these absolutely insane things. It totally works for the vast majority of people. That’s development technology. “So we have tech for the hardware. We have software tech, and then there’s acclimatization. Between those three things I’m pretty confident that VR is going to be very broad.””It is the biggest challenge VR has. Putting one on everyone’s head” Q:There’s a widely held belief that VR is a short session experience, where has that idea come from? Is it just that the demos on offer so far have been quite brief?Jason Rubin:”Part of it is that. It takes a long time to create something compelling. We haven’t had a long time to do develop. Oculus went on a journey from barely acceptable technology, to what I now think is very comfortable acceptable technology to launch. In that time frame we went across, for example, DK1 our first development kit. It was great for development, but was not a consumer product. We did not launch it to the public. You know after a little while you’re like ‘I’m done with it.’ Is not ever launch-able. But if you extrapolate from that experience and don’t know where the future is going, you might say something along the lines of ‘I can only be in VR for so long.’ I think that became a meme out of that period. “People who are now trying VR in the day and age of Rift are having no problem and aren’t saying that. Again, it depends on the experience. I can only take a roller coaster for so long. I’m not going to be on a half hour roller coaster ride. You’re good for three to five minutes, right? So it depends on the experience you’re doing. Again, when it comes to things like Toy Box, I believe people will be in there for longer sessions. I think the long term VR potential, once you get past the current technology to what we know is coming, is going to be much longer sessions.””It doesn’t matter what it will cost. If it costs too much this week it will cost the right amount a year from now” Q:People just need to actually try the experience…Jason Rubin:”It is the biggest challenge VR has. Putting one on everyone’s head. Because as soon as you do that it sells itself. You can’t easily put it on everyone’s head. Showing somebody VR through a trailer is the worst way of explaining the difference between the games that they’re already used to and the future. So it is absolutely a challenge. What we’ve found is everybody that uses it. Or everyone that has one shows their friends. As we finally release a large number of units into the wild we think that it will expand on out. It really does sell itself.”Q:And to developers too, so many are dropping everything to work on to run to a new device where no price has been announced for the unit, no one has any idea what the games are going to cost, no one has any idea of what the install base is going to be at first.Jason Rubin:”Because this is one of those technologies where you put it on and you go ‘This is just going to work.’ It doesn’t matter what it will cost. If it costs too much this week it will cost the right amount a year from now. It will get to the price where it works because that’s the way tech works. We’ve seen that. Who cares how much the games are when they launch. It’s going to work itself out. People will pay for content what they feel is a fair amount to pay for content. So based on how good the content is, we’ll set prices, it all works out. “It’s one of those things that its just kind of a foregone conclusion. I don’t know how we’re going to get there but I do know we’re going to get there.”Q:And as you mentioned in your talk it’s better to be in early and have the time to try and fail a few times…Jason Rubin:”It took Naughty Dog ten years to get to Crash Bandicoot. First, I was in high school, I was in college so I wasn’t exactly doing it as a full time job but I was learning. Crash made my career. I don’t have to work, I work because I love what I’m doing. We’re in that moment where somebody who cares about long term doing well, this is the education. If you care about next week striking it rich, maybe VR isn’t the place for you. You may regret that, because it’s hard to catch up.”” If you care about next week striking it rich, maybe VR isn’t the place for you” Q:So when it comes to your role have you been approaching developers about working on Rift or are they all coming to you?Jason Rubin:”In some cases we’ve gone to developers and said, ‘You’re really good at this, please try to make it.’ In other cases, games that developers are good at making don’t translate well. As good as they are at what they do, it’s hard to walk in and ask them to change everything when they have established brands, successful franchises, and a rabid fan base that’s asking them when the next one is coming out. That’s an opportunity. For example, we know that first-person shooters are popular things to do. People love them. The first person shooter as popularized by Battlefield, Call of Duty, does not work in VR. It does not make you feel comfortable.”So there’s a huge opportunity for studios that are good at making first person shooters, but aren’t married to some sort of cycle of repeating their property to jump in to VR and create something new. We’re seeing a lot of studios that are interested in doing that. We’re working with, we’ve announced we’re working with 4A, that’s a first person shooter company. There are other first-person shooter companies that we’re working with, and they’re all excited to try to figure it out before the big guys do. Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Q:Do you think we’ll start to see whole new genres?Jason Rubin:”Absolutely. That’s the hardest part of my Job. You walk in and they say, ‘You’ve got a year to get the games out. We are going to launch this thing on time, we’ve got to get things going. By the way, VR is totally different and we’d like to see something we’ve never seen before.’ It’s easy to port, it’s easy to try to take established genres and try to make them work. The hardest thing is saying, what have we never seen before. If we don’t know it will work, figure out if we can get this to happen. So I think that will be second generation. “Imagine when Apple launched the app store. Do you think anyone said, this is going to kill taxi cabs. It took years for Uber to come out. I think VR is going to be the same way. Right now, Yay, we’re playing games and they’re amazing games and it’s awesome. Five years from now someone’s going to go who knew that this was going to totally revolutionize, fill in the blank. We have no idea what that’s going to be.” Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The VR & AR newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesOculus halts headset sales in GermanyFacebook says it’s a temporary move and will continue supporting existing owners in the countryBy Brendan Sinclair 8 months agoSony reportedly increasing PS5 production to 10m units by 2021Meanwhile, Facebook said to be ramping up manufacturing for Oculus devicesBy James Batchelor 9 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.
No more. Driven by a need for growth, firms that historically had different growth strategies are now competing for the same adviser. This competition for high-quality financial advisers and advisory firms, combined with an insatiable thirst for growth, is creating more choices for advisers as to both whom they partner with and how they choose to structure that relationship.For their part, advisers — whether they are close to retirement or not — increasingly view the strategic decisions they make on the ownership and affiliation of their practices primarily through the lens of growth — how to get bigger, increase resources to invest in the business and ultimately command more scale. In their thinking, what matters most is finding the right partner, and the approach they take in getting to the size they want to be — whether it’s an M&A transaction, a new affiliation or a combination of both — follows from there.In today’s wealth management industry, we have reached a moment at which M&A and recruiting, long seen as separate silos, are coalescing in deals that would not have been contemplated even 10 years ago. It is an environment rife with opportunity for strategic, growth-minded financial advisers. As they mull the options before them, they should consider the following:BE OPEN-MINDEDIt used to be a binary situation — either M&A with another practice or aggregator, or being recruited to a new RIA or IBD. Increasingly transactions are combining elements of both, and advisers should be flexible on structuring deals if doing so means they’ll be able to reach their goals more easily.It’s not uncommon, for example, to see recruitments that have provisions that pave the way for a change of ownership, or to see major broker-dealers acquiring RIAs, either directly or through side entities created for that specific purpose. The bottom line: The variety of ways in which a deal is structured is really limited only by the imaginations of participants and their willingness to embrace new ways to come together that, though they may seem unusual at first blush, can potentially lead to bigger growth than traditional M&A or recruiting.The caveat for advisers discussing these transitions is that they should be ready for negotiations to be more complex than in traditional M&A or recruiting deals. Why? Because with the line between mergers and acquisitions and recruiting, deals are taking on the complexities of both. Advisers should evaluate whether they want to engage in a potentially more time- and resource-intensive process to get to where they want to be.KNOW THYSELFBefore financial advisers start discussions with M&A and recruitment partners in earnest, they should go through a detailed process in which they discern what their strategic goals and priorities are and, just as important, what trade-offs they are willing to accept for the opportunity to grow the business.A transition, whether it involves M&A or recruitment, potentially can result in fundamental changes in how the business operates that have impacts for the adviser and for clients. Are independent advisers accustomed to being the captains of their own ships ready to have to answer to a higher corporate power? And will clients accept changes in their advisory experience or increases in costs to them? On the other side, we’re also seeing RIA firms starting to look a lot like a regional broker-dealers in terms of structure and payout as they strive to differentiate themselves in the recruiting market. Here the motivations of RIAs and IBDs can’t be discounted. They are, after all, under their own pressure to grow — whether it’s from private equity owners or public markets — and have real incentives to insert themselves into M&A and succession discussions. To be sure, there are benefits to transitioning — advisers wouldn’t be considering it were there not. That said, at the same time they start thinking about the benefits of a transition, whatever form it takes, they should be considering what they would potentially compromise on. Preferably this self-discernment should occur before actual discussions start, so the temptation of a check on the table doesn’t unduly sway them.GROWTH IS KINGAs two people who have been around the wealth management industry for decades, we have seen trends come and go. The current strategic shift among financial advisers toward growth at all costs seems to be here to stay, and it’s accompanied by a trend toward deals that combine aspects of both M&A and recruitment.The goal in these deals, of course, is to find the end state that will create the most value for all involved. Until deals are finalized, transitioning advisers hold the keys to the car. They should, by all means, explore these new deal structures — the benefits of growth are plain to see and difficult to ignore. That said, they should understand what they are getting into. In the end, this will benefit all parties.[More: RIA M&A could pick up in the wake of coronavirus]Larry Roth is founder and managing partner of RLR Strategic Partners, an affiliate of Berkshire Global Advisors, and the lead independent director of Kingswood Acquisition Corp., a publicly registered special purpose acquisition company.Jeff Nash is founder and CEO of BridgeMark Strategies, an advisor transitions firm for the independent wealth management space, and partner and co-founder of Ignition Point Partners. In years past, mergers and acquisitions among independent financial advisers were predominantly a prelude to succession — advisers nearing retirement were looking to take their money off the table and ride off into the sunset. Meanwhile, switching affiliations to another firm was a different animal altogether — less driven by retirement plans than a desire to change the scenery to a new broker-dealer or RIA that better fit the adviser’s needs.
Sharing is caring! 230 Views no discussions BusinessNewsPoliticsRegional Jamaican Politician and Businessman Charged With Forging Former Prime Minister’s Signature by: – March 31, 2017 Tweet Share Share Share Peter Sangster ran in the East Kingston constituency for the JLP in the 2011 general election.KINGSTON, Jamaica, Friday March 31, 2017 (Caribbean 360 News) – A businessman and former Jamaica Labour Party (JLP) candidate has been charged with forging the signature of former People’s National Party (PNP) leader and former prime minister Portia Simpson-Miller.Managing director of Jamus Communications, Peter Sangster, was released on J$1 million (US$7,804) bail when he appeared in court yesterday on charges of forgery, obtaining money by false pretense, and uttering forged documents between January 2011 and August 2013.Sangster, who unsuccessfully ran in the East Kingston constituency for the JLP in the 2011 general election, was ordered to surrender his travel documents and barred from leaving the country.The 47-year-old grandnephew of Jamaica’s second prime minister Donald Sangster was also warned that his bail would be revoked if he attempted to contact any witnesses in the case, after prosecutors told the court that he had tried to contact witnesses electronically. Sangster returns to court on May 8.According to investigators, he obtained more than US$600,000 from the chairman of Jamus Communications after promising to get a waiver for funds owed by the company to the Universal Service Fund (USF), an agency under the Ministry of Science, Energy and Technology mandated to ensure access to information and communication tools to facilitate development.Sangster presented the waiver supposedly signed by the then prime minister Simpson-Miller.However, when the document was presented to the USF, it was discovered that the prime minister’s signature had been forged.
The Gardai have confirmed they are investigating an elaborate scam that could affect bank customers, with AIB issuing a warning to the public. An in-depth investigation into two separate illegal scams has been launched and one of the scams involves a person purporting to be a bank official.According to the bank, cited by the Independent.ie, the person will say that they are part of a “crime agency, Europol or Interpol, advising you that your broadband has been compromised, your identity has been stolen and your computer is being used for criminal purposes.” They continued: “They will ask you to assist them by making payments that they claim they will track to identify criminals.“The callers may advise you not to disclose this information to law enforcement or bank staff.”They are also warning customers of a second scam that involves someone purporting to be a caller from a telephone company, broadband provider or software company.In this case, the bank warned, the scammer will “offer to fix your computer or Broadband problems.” “The callers will attempt to trick you into giving them your banking or card credentials and provide codes from your Card Reader, in order to access your online banking and make fraudulent payments,” a spokesperson said.“You may be asked to allow the caller to take remote control of your PC in order to ‘assist’ you; however this could allow the fraudster to show you fraudulent screens.”The bank advised customers to never reveal any bank details over the phone unless they are fully sure who it is they are talking to.“The callers are professional and will be able to transfer you to their supervisor should you request this. They sound genuine,” they continued.“Never disclose codes from your AIB Card Reader over the phone. Never disclose the full five digits of your Personal Access Code (PAC).” The bank appealed that any customers who have received any unusual calls relating to these scams or otherwise, to contact them immediately.Gardaí told Independent.ie: “A dedicated multi-disciplinary investigation team being led by the Garda National Economic Crime Bureau and drawn from a number of National Units and Divisions.“The Criminal Assets Bureau, the Garda National Drugs and Organised Crime Bureau and the Garda Cyber Crime Bureau have all been established to investigate groups who are carrying out and facilitating criminal activity on a large scale.“Assistance is also provided by the Revenue Commissioners.” In-depth investigation launched by Gardai into two separate illegal bank scams was last modified: November 18th, 2018 by Shaun KeenanShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:AIB bankBank scamGardai
Well, that changed nothing.In a federal election that altered the balance of power in Ottawa, with the Liberals stripped down to a minority government, the 10-riding London region ended up looking the same as it did four years ago.Some of the faces changed, but the same number of Conservatives, Liberals and New Democrats in the same ridings are heading back to Ottawa from this area of Southwestern Ontario.That’s two Liberal MPs and one New Democrat in the urban ridings of London, and seven Conservatives in the rural ridings around the city.Even in three open ridings, where three veteran MPs retired, nothing changed politically.Story continues belowThis advertisement has not loaded yet,but your article continues below.But the change in Ottawa does mean area Liberal MPs may no longer have the clout they once had.“It’s been a tough go,” an emotional Liberal Kate Young said after keeping her London West seat.“It hasn’t been easy. We had a majority government and we had a lot to prove. We had such a great plan and now we’re going to be able to keep moving forward.”In London North Centre, Liberal Peter Fragiskatos eventually pulled away from Conservative Sarah Bokhari and the NDP’s Dirka Prout, but his share of the vote fell to 43 per cent. Fragiskatos won the riding in 2015 with more than 50 per cent of the vote.“We’ve been able to deliver real results for London,” he said. “I want to keep doing these things, I want to keep focusing on this work.”In London-Fanshawe, NDP candidate Lindsay Mathyssen easily won the seat held by her mother, Irene Mathyssen, the representative for 13 years before retiring.“They are large shoes,” Mathyssen said about her mother’s legacy.“I know I have a great deal of work to do, but I meant it when I said it’s showing people that respect and dignity and making sure we are there for them.”Some pundits suggested that Canada’s $15-billion arms deal with Saudi Arabia, serviced by defence contractor General Dynamics Land System Canada in London, would loom large in that race.The jobs of hundreds of workers in London rely on the contract, the largest industrial deal in the city’s history.But critics have blasted the Saudi regime over its human rights abuses, including in nearby Yemen, and the murder of dissident Saudi journalist Jamal Kashoggi.The Liberals inherited the contract from Stephen Harper’s Conservatives and put it under review, but have stood by it.NDP Leader Jagmeet Singh had vowed to scrap the contract, suggesting Canada could find other buyers for the vehicles.His stand obviously didn’t hurt Mathyssen.Another close race in an open riding was supposed to play out in Chatham-Kent-Leamington, where 13-year Conservative MP Dave Van Kesteren retired.In the last election, Liberal candidate Katie Omstead finished a close second – about 2,300 votes away — to Van Kesteren.But Conservative Dave Epp walked away with that race.“I’m still a bit overwhelmed, but I am looking forward to the task,” Epp said.In Huron-Bruce, Oxford, Sarnia-Lambton, Perth-Wellington and Elgin-Middlesex-London, Conservative candidates kept their seats. In Lambton-Kent-Middlesex, newcomer Conservative candidate Liane Rood won easily.“What I heard so much about was affordability and the struggles that families were having paying the bills,” Conservative Karen Vecchio said about her win in Elgin-Middlesex-London.“This is so much different than last time. You know, I’ve been serving for the last four years, so it’s whether or not I’ve done a good job. This is a great way of saying, ‘You’re doing a great job,’” Vecchio said.
The DoD is planning to spend $679 billion in fiscal year 2008 on the Iraq and Afghanistan wars in money allocated from the Defense Authorization Bill. That’s more than an 8 percent increase over the funding in 2007.In a story that parallels the commercial technology gains from NASA’s race to space in the 60’s, new research is leading to a host of new technologies that have commercial applications.Net-centric embedded applications is one group of technologies receiving a lot of funding. Better storage and data transmission technologies are also leaders. Applications that involve high-level imaging and video, GIS, and multiple real-time feeds are drivers behind the need for massive amounts of storage.The demand for up-to-the-minute information is pushing the need for rapid analysis of huge amounts of raw data and has prompted some storage companies to start targeting storage devices that are aimed at capturing and analyzing military intelligence and to beef up the ability to rapidly analyze real-time intelligence data.Technology improvements for storage devices used for military purposes are sure to later move to the civilian market, much like GPS technology has. Immediate cross-over applications for the new technologies include security monitoring and healthcare imaging.
The Missouri State Highway Patrol says divers have found a missing vehicle in the Missouri River, but they are still looking for the driver.Dispatchers got a report about a vehicle in the river at the Noren River Access in North Jefferson City at about 9:30 p.m. Friday. MSHP said Saturday afternoon the vehicle had been found in 25 feet of water, and removed from the river.The search continues for the 18-year-old male driver.
Today I gave a presentation to the NHS England Health and Care Innovation Expo alongside Dr. Jonathan Sheldon, Global VP Healthcare at Oracle where we discussed the role of precision medicine. I wanted to be able to share some of our thoughts from the session with a wider audience here in our Healthcare and Life Sciences community.More specifically we talked through trends impacting healthcare and population health, what’s driving innovation to enable the convergence of precision medicine and population health and how we at Intel are working with Oracle on a shared vision.Delivering Precision Medicine to Tackle Chronic ConditionsI’d like to underline all of what we discuss in precision medicine by reinforcing what I’ve said in a previous blog, that as somebody who spends a portion of my time each week working in a GP surgery, it’s essential that I am able to utilise some of the fantastic research outcomes to help deliver better healthcare to my patients. And for me, that means focusing in on the chronic conditions, such as diabetes, which are a drain on current healthcare resources.The link between obesity and diabetes is well-known but it’s only when we see that 1/3rd of the global population are obese and every 30 seconds a leg is lost to diabetes somewhere in the world can we start to grasp the scale of the problem. The data we have available around diabetes in the UK highlights the scale succinctly:1 in 7 hospital beds are taken up by diabetics3.9m Britons have diabetes (majority Type 2, linked to obesity)2.5m thought to have diabetes but not yet diagnosedTo combat the rise of diabetes there is some £14bn spent by the NHS each year treating the condition, including £869m spend by family doctors. What role can precision medicine play in creating a new standard of clinical care to help meet the challenges presented by chronic conditions such as diabetes?Changing Care to Reduce Costs and Improve OutcomesI see three changing narratives around care, all driven by technology. First, ‘Care Networking’ will see a move from individuals working in silos to a team-based approach across both organisations and IT systems. Second, ‘Care Anywhere’ means a move to more mobile, home-based and community care away from the hospital setting. And third, ‘Care Customization’ brings a shift from population-based to person-based treatment. Combine those three elements and I believe we have a real chance at tackling those chronic conditions and consequently reducing healthcare costs and improving healthcare outcomes.How do we achieve better care at lower costs though from a technology point of view? This is where Intel and Oracle,with industry and customers, are working together to make this possible by overcoming the challenges of storing and analysing scattered structured and unstructured data, moving irreproducible manual analysis processes to reproducible analysis and unlocking performance bottlenecks through scalable, secure enterprise-grade, mission-critical infrastructure.Convergence of Precision Medicine and Population HealthCurrently we have two separate themes of Precision Medicine and Population Health around healthcare delivery. On the one hand Population Health is concerned with operational issues, cutting costs and resource allocation around chronic diseases, while Precision Medicine still very much operates in silos and is research-oriented with isolated decision-making. Both Intel and Oracle are focused on bringing together Precision Medicine and Population Health to provide a more integrated view of all healthcare related data, simplify patient stratification across care settings and deliver faster and deeper visibility into operational financial drivers.Shared Vision of All-in-One Day Genome Analysis by 2020We have a shared vision to deliver All-in-One Day primary genome analysis for individuals by 2020 which can potentially help clinicians deliver a targeted treatment plan. Today, we’re not quite at the point where I can utilize the shared learning and applied knowledge of precision medicine to help me coordinate care and engage my patients, but I do know that our technology is helping to speed up the convergence between healthcare and life sciences to help reduce costs and deliver better care.Keep up-to-date with our healthcare and life sciences work by leaving your details here.Intel Health and Life Sciences: WebsiteOracle Health and Sciences: WebsiteNHS England Health and Care Innovation Expo: Pop-Up University