Back to the future
By Teresa Rodriguez
November 7, 2018 3 minutes read
Some of the folks that have been on the tech train since the beginning chime in on the ever-changing state of the industry. From self-driving cars to self-sustaining homes, these seasoned veterans have made big bets on what’s to come. Here’s where things are headed next, and what excites them most about the future.
It’s got to be hard to be a futurist when the present moves so fast. Here, Robert Scoble gets playful with some of today’s hottest gadgets. Photo by Spencer Brown.
Decades ago, it was Marc Andreessen, co-founder of the web-browser maker Netscape, and his team of developers who were leading the charge and creating an easy way to access the elusive World Wide Web. Now, Andreessen has his own venture capital firm (one of the biggest on the block). And instead of spending his days behind a computer writing code, he’s investing in companies that are considered bleeding edge — just as Netscape was many moons ago.
Like Scoble with autonomous cars, Andreessen sees virtual reality as a key investment. He joined Oculus VR’s board when his firm, Andreessen Horowitz, led its $75 million Series B round of venture funding. In total, Oculus VR raised $91 million with $2.4 million of that via crowdfunding. At the time, Oculus had only released a development prototype of its headset. A year later, Facebook acquired the company for $2 billion. Smart bet, Marc!
Robert Scoble — futurist, author and Tesla owner — says that although it is inevitable, people are resistant to change. “When Uber started, who actually wanted to use their phone and get into a stranger’s car? People resisted the change, but it caught on. That is the same with self-driving cars. The ethos is that people want to be in control when they are driving,” Scoble says. “We’re sold driving as a part of our culture. It rep-resents freedom. Just think of the great American anthem, ‘I drove my Chevy to the levee.’ It just doesn’t sound as good when we say, ‘My robot drove me to my appointment.’”
The home is the front line of technological disruption, and one where the public has proven to be less resistant. Along with security and connectivity apps, plus home systems like Nest, Alexa-enabled devices and Google Home, rapidly advancing technologies promise to turn our homes into self-sustaining closed circuits. Imagine a home as self-reliant as a tree.
If it were up to Gregory Malin of Troon Pacific, a leader in developing sustainable homes, we would live in a world where homes could power themselves. Malin began his career in residential real estate in 2000, when the most technologically advanced item in the home was a drawer dishwasher by Fisher & Paykel.
“In the future, our homes would collect their own water, reuse it to water our yards, and function purely on energy captured from the sun,” Malin predicts. With recent advancements in technology, this will likely become a reality sooner rather than later.
The expansion of tech
Technology is no longer relegated to computers, tablets and phones. Today, tech is inseparable from virtually every aspect of modern life. Technologies reserved for “power users” and hobbyists today will become the must-have, easily accessible consumer items of tomorrow. On this note, stay tuned for even more user-friendly 3D printers and ubiquitous AR/VR. Down the road, look for artificial intelligence, blockchain and quantum computing to make major strides.
Twenty years ago, the idea of wearing a computer on the body was unheard of, but today we just call it life. Gerald“Jerry” J. Wilmink is an American health entrepreneur, biomedical engineer and inventor in the wearables space. “Wearables are electronic technologies or computers that are incorporated into accessories which can comfortably be worn on the body,” he explains. “They perform many of the same functions as smartphones but have the added advantage of being intimately connected to the user’s body. As a result, sensor-laden wearables can provide information regarding the user’s physiological state, fitness level and vitals.” Every year, more than 300 million wearable devices are sold worldwide, generating $30 billion a year. The U.S. wearables market has grown by 254 percent since 2014 and it is expected to reach $7.6 billion in 2018, says Wilmink. He believes that wearables are poised to revolutionize the way health care is provided. Wearable sensors are the gateway to the collection of big data, which can be used to develop intelligent algorithms and deep learning models. These methods allow developers to feed raw data into a computer, which automatically discovers the proper representation needed for classification, detection and even medical diagnosis.
Investing in unicorns
So, where do the elders invest with so many new forms of technologies springing to life on a daily basis? How do they keep their eyes on the ball and make money in a hypercompetitive and ever-changing world? We asked Dick Kramlich, managing director of the venture capital firm Green Bay Ventures with decades of astonishing success under his belt. Kramlich’s firm invests in various industry sectors, but its successful investments have one thing in common: “They are all unicorns.”
“We have a vernacular we use when investing,” Kramlich says. “To find the unicorns, we look for predictive sales, high gross margin, heavy spending on development, and discipline that leads to cash flow positive results in the relatively near future. What we’ve done for three straight years is invested over $17 billion into unicorns. Never has there been anything like this in the history of venture capital investing.”
This year, Green Bay Ventures’ IPO lineup was a virtual murderer’s row, featuring companies like Mulesoft, Dropbox, Spotify, Docusign, Xiaomi and Bloom Energy.
“If you look at these six companies, they all fall into these four categories,” Kramlich says
Original Article Published on Morning Consult - https://morningconsult.com/opinions/deep-learning-casting-net-health-care/
The artificial intelligence revolution is in full swing. AI is both powering and impacting our everyday lives.
Whether you are using Google Maps to find the shortest commute to work, scheduling a hair appointment for your mother by voice command, or viewing personalized recommendations during an online shopping experience, the use of AI has disrupted nearly every industry, and it’s now taking over health care.
Many of the major issues within our health care system are now being addressed using a family of AI techniques known as deep learning models. These methods allow us to feed raw data into a computer that then automatically discovers the proper representation needed for classification, detection and diagnosis.
Data-driven predictions underpin personalized medicine, and such insights are key to providing better, more cost-effective care. Leading health care experts affirm that “the scenario in which medical information, gathered at the point of care, analyzed using algorithms to provide real-time, actionable insights is now within touching distance.” Putting sophisticated DL tools at the fingertips of physicians, nurses and caregivers empowers them to deliver “The Triple Aim” — improve the patient experience of care, improve the health of populations, and reduce the cost of care.
DL models, also referred to as deep neural nets, utilize a hierarchical structure whereby data are broken down, distributed and organized into consecutive layers or networks. The layers constitute an artificial neural network that mimic and were inspired by the structure and function of neurons in the human brain.
Arguably, one of the most attractive signatures of DL is that “the layers of features are not designed by human engineers, they are learned from data using a general-purpose learning procedure.” What this means is that the machine has the ability to “learn” with training or “labeled” data, and thus processes new data and identifies new patterns without being supervised or explicitly programmed to do so.
Previously, constructing an ML system required engineering experts to design sophisticated feature extractors to transform data into suitable representations. Now with DL, rather than personally doing the feature engineering, engineers can feed a learning algorithm terabytes of relevant data and let the computer figure out the patterns that produce the desired result.
The successful implementation of DL nets requires large amounts of data, ultrafast computing processing speed and sophisticated, large models whereby performance scales with both increases in data and model size. Significant advances have been made on all three fronts in recent years, and as a result, we have observed a notable, sudden success of DL in a variety of industries.
Massive datasets are required to properly train sophisticated DL nets. For instance, thousands to millions of images are typically used in training datasets for automatic image recognition. Fortunately, in 2017, for the first time in recorded history, the number of connected devices exceeded that of the world population. The recent growth of internet-connected devices (smartphones, wearables, etc.) have opened the floodgates for digital data. In fact, it is estimated that 90 percent of the data in the world today has been created in the last two years alone.
Deep learning requires powerful computer processors to quickly and efficiently perform massive calculations. For example, over 100 million parameters are calculated for a commonly used convolutional NN of 16 hidden layers. Until the advent of the graphical processing unit, central processing units were used to train NN. CPUs calculate the parameters one at a time, whereas GPUs can calculate all of the operations in parallel.
When GPUs hit the computer scene in the late 2000s, they were used for training NN. GPUs can train NN considerably quicker than the fastest CPUs. For instance, a CPU may take 150 hours to train a convolutional NN, whereas a GPU only requires two hours.
DL nets are fundamentally different than other ML techniques in that their performance continues to increase with both increases in data and model size.
Deep learning networks are being tested in a multitude of heath care applications — imaging diagnostics on the frontline, clinical decision-making and “machine-augmented” preliminary diagnoses. The vast majority of DL applications in health care have used deep convolutional nets for processing images, video and audio; however, emerging work with recurrent nets is showing progress making insightful predictions on behavioral and biological data.
Over the past year, deep convolutional nets have successfully been used to improve medical image analysis. These studies illustrate that such models can identify cancer up to 50 percent faster and with performance on par with leading radiologists and dermatologists.
These algorithms can potentially save our health care system billions of dollars annually, by providing a preliminary diagnosis before a patient sees a specialist or visits an emergency room. Another recent study showed that a deep learning system that analyzed OCT images could detect over 50 eye diseases as accurately as a doctor. This software was issued the first Food and Drug Administration permit for an AI diagnostic system.
In addition to diagnosing diseases, other deep learning platforms are being commercialized to provide preventative, person-centered senior care. For example, CarePredict has commercialized a system that helps predict when seniors are at a higher fall risk or showing changes in activity and behavior foreshadowing a urinary tract infection or depression.
In summary, the use of deep learning tools in health care has increased in recent years, and early results demonstrate its game-changing capability. The field is rapidly maturing, and DL “augmentation” tools will serve to not only empower our physicians, nurses and caregivers, but give them the tools to continue to deliver on the “The Triple Aim” for years to come.
Gerald J. Wilmink, Ph.D., MBA, is the chief business officer of CarePredict.
Email - firstname.lastname@example.org
Learn more at CarePredict.com
Over the past five years, I have had the privilege of meeting and working with hundreds of angel investors. Armed with this recent experience, I felt it would be a great honor to help new entrepreneurs and budding investors themselves better understand what four characteristics to look for in a rock star angel.
Most entrepreneurs find satisfaction in expressing their ideas and bringing their brand and innovative products from pencil-to-production. On a daily basis, we are bombarded with national headlines that highlight entrepreneurial rags-to-riches stories. The sad truth about the journey is that it is grueling, gritty and far from glamorous. True entrepreneurs are obsessed with their craft and have the stomach for the entrepreneurial roller coaster ride.
I have found that one of the keys to entrepreneurial success is having the proper resources and partners on board. This is especially critical during the formation and early stages of a ventures growth. During this phase, the support of angel investors can play a critical role in a company’s success.
If entrepreneurs are the engines of economic growth, angel investors are the gasoline to the economic engine. Strong angels typically have many or all four of the following characteristics:
They Are Not Just Committed to Raising Capital
The strongest angel investors that I have worked with are committed rather than merely interested in the business that they invest in. These angels exhibit empathy, engagement and loads of encouragement during the formidable years of a fledgling startups growth. Interestingly, I have found that investors who exhibit these characteristics typically have prior experience founding and growing businesses. Such angels have startup blood running through their veins, want to stay close to the startup game that they love, give back to the vocation that ignited their souls and provide direct benefit to the vibrant, innovative, growing startup ecosystem in their community.
Look for angels with past entrepreneurial experiences and who can spend time with your founding team and employees. This will make them helpful in both identifying challenges and recommending solutions. In the early stages of a company, these challenges are not always business problems but rather often work-life balance challenges. Ambitious work schedules can result in difficulty maintaining your work-life balance. For instance, one of the best angel investors I have ever worked with recognized my work-life imbalance and actually recommended I spend more time with my family, especially during the weekends. This angel recognized that in order for me to function most effectively and in turn maximize his ROI, he wanted me to maintain a healthy work-life balance.
They Are Proactive Network Activators
In order for a startup to succeed, the CEO needs to be able to recruit and retain the best talent. The talent includes new employees, new strategic partners, advisors, board members, potential acquirers and even new investors. Angels that open up their Rolodex (or function as “Archangels") and make warm introductions can make a big difference when it comes to startup business growth. One direct way to assess an angel's connections is to ask them about past deals they have done, conferences they attend and potential partners that they would be interested in putting you in contact with. Another way to assess an angel's experience is to use online directory platforms, such as gust.com and angel.co. These platforms allow you to research, connect and pitch to reputable, connected angels. In addition, you can check out a potential angel investor's online presence, blog, connections and followers on Linkedin, Twitter and Instagram. One of our strongest angels/mentors consistently made warm introductions to leading CEOs and business leaders in the industry.
They Push for Brand Awareness
Brand momentum is a product of mass and velocity, and startups inherently have a low mass and require high-velocity partners. The recent growth on online and social media sites allows news to spread considerably faster than in past years, and angel investors can play a supportive role to the companies that they invest in by spreading the company news via their social media channels (Facebook, Instagram, Linkedin and Twitter). One way to encourage partners to spread the company news is to tag them in company posts and send them links to recent news stories directly and ask them to share.
They Provide Financial Capital
Last but not least, a rock star angel investor puts their money where their mouth is and actually writes big checks.
The support of a few rock star angel investors can mean the difference between a company’s success or failure. Be selective in the angels you work with on your journey. The strongest angels are committed, empathetic, encouraging and engaged. They stand by the entrepreneur during difficult times and work to overcome setbacks. They maintain open communication with the entrepreneur and proactively make valuable introductions from their network. They are committed to helping you spread the great news about your brand and company products. Finally, they write big checks so the entrepreneur can focus on the most important aspect of the business -- the business itself.
Top CEOs in USA from Owler -- http://blog.owler.com/owler-2017-top-rated-ceo-awards/
We’re back at it again. Last winter, our HOT In City Awards made waves around the internet (seriously, we still hear about it from the Owler Community daily). Based on popular demand, we’re introducing our first annual 2017 Owler Top Rated CEO Awards. Winners are chosen directly based on opinions and contributions from our community.
In a little over two weeks (the week of 5/15), we’ll announce the most loved leaders at companies spanning over 50 cities and across more than 20 industries. And, there’s still time to impact the results. So, get excited and get ready to rate your CEO and the CEOs that you love—such as your vendors, partners, suppliers, and customers.
Winners are directly chosen by the Owler Community via member contributions. This year alone, Owler Community members have contributed over a quarter million CEO ratings.
So what, precisely, does it take to win? Well, first and foremost, to qualify for an award, a CEO must have 10 or more votes on Owler. Out of the 167,000 CEOs on Owler, we’ll be distributing 1,000 awards to the top CEOs, meaning that only the créme de la créme of corporate commanders—the top 0.60 percent—will make the cut.
But what if there’s a tie, you ask? Great question! If any two CEOs have the exact same rating, the leader with more votes will rank higher—so you might want to mention that during your next water cooler conversation.
Alright, now that you know how it works, we’ll get to the good stuff: how you can contribute. Because we want to make voting super easy and ultra accessible, there are several places for you to rate a CEO.
First, is on a company’s profile (in two places). In the top left hand side of the profile, immediately below the CEO’s approval rating, you’ll see a “weigh-in” link, a one-click poll asking you to rate that company’s CEO. Simply click the face of your choosing (either good, neutral, or bad) and, voila! You’ve submitted your vote.
Meggen Taylor , CONTRIBUTOR FORBES
Wearable tech has become all the rage, but most wearables aren’t very appealing for fashion-forward ladies (like myself) making them unlikely to become a wardrobe staple, which is a damaging paradox for any product that’s supposed to be wearable in the first place.
That’s all about to change with Wisewear, a hybrid fashion-tech company that launched in January 2016, and recently debuted a stylish collection of bracelets that deliver on form, function, and fashion.
Wisewear’s technology allows users to count their calories burned, keep track of steps and distances traveled, and it gently vibrates when the wearer receives a text, email, or has an upcoming appointment so you can stay in the moment rather that being obsessed with your phone. Most importantly, it has a distress messaging feature that texts your GPS location to your emergency contact list with a gentle tap to the bracelet.
Founder and CEO of Wisewear, Dr. Gerald Wilmink
Wisewear’s CEO and founder, Gerald Wilmink, PhD MBA tells me, “My grandfather, who raised me, broke his hip at the age of 79 when he was in otherwise perfect shape and sadly passed away a few days later after Christmas—it was devastating and I wanted to right a wrong”.
Since then Wilmink has applied his educational background in business and his PhD in Biomedical Engineering to create a family of wearbles that give users the power to lead healthier, more informed, and safer lives.
Compared with other wearables on the market, Wisewear’s game changer is its patented antenna that transmits Bluetooth with wifi. “Bluetooth and wifi can’t go through metal,” explains Wilmink, “So Wisewear is unique because we used our antenna technology to make fashionable jewelry”.
While the company specializes in advanced setting technologies, Wisewear also puts a premium on high-end design that clearly shows in The Socialite Collection, which offers three water resistant styles (Kingston, Duchess, and Calder) made of brass and plated in 18k precious metals like rose gold, palladium and gold.
Wisewear’s in-house design team earned pedigrees at Ippolita, Alexis Bitter, and Rachel Zoe so they are no strangers to understanding that anything wearable—whether it has a tech function or not—must also be a timeless piece of art.
“Technology is a beautiful thing and wearing it should be too,” says Wilmink. “Our goal is to empower consumers with the best technology and style so that they can live the balanced lifestyles that they deserve”.
Wisewear’s knack for merging fashion with technology has not gone unnoticed by the retail powerhouses already betting that fashionable tech (or is that functional fashion?) is on the verge of a market surge. Wisewear’s Socialite Collection will be available at Saks Fifth Avenue both online and at its flagship store the third week of September and will be launching a new collection in collaboration with fashion-icon Iris Apfel that will be available in Spring/Summer 2017. “It is an honor to know and to collaborate with such an iconic woman such as Iris,” Wilmink says. “Even in her 90’s she is still vivacious and full of energy. In fact, she can outpace me any day with her schedule”.
Wisewear’s most strategic competitive advantage, however, is their products’ universal appeal to multiple age demographics looking for a range of functions—which can be a challenging chord to strike. Wilmink tells me, “We knew we offered a strong value proposition for certain demographics like college aged women, but we have been surprised certain industries that have embraced us like realtors and women who travel alone for example”.
For our aging population with injuries gone are the days when LifeAlert and similar companies are the only options in the marketplace for distress messaging (have you seen the “That’s not for me. That’s for old people” television ad recently?). Now women of any age for any reason can look and feel stylish while staying connected.
If you’re a man reading this don’t worry. “We will be coming out with a line geared towards men soon,” Wilmink says. “I happen to wear ourKingston design, but understand that it may not be a look every man is comfortable wearing!”
Reprinted from http://sawoman.com/5053-2/
Gerald “Jerry” Wilmink, Ph.D., M.B.A., CEO Founder of WiseWear
BY JASMINA WELLINGHOFF & PHOTOGRAPHY BY ELIZABETH WARBURTON
Dr. Gerald “Jerry” Wilmink earned his B.S., M.S. and Ph.D. in biomedical engineering from Vanderbilt University and, more recently, an M.B.A. from UT Austin, all of which prepared him well for what he is doing today as the founder and CEO of WiseWear, a promising tech startup that makes “wise” wearables. Though a number of companies have rushed into this field, WiseWear’s products, aimed at women, are actually attractive enough to wear as jewelry.
At present, the company offers three styles of bracelets that hide a sensing device that monitors fitness-related parameters such as heart rate, the number of steps walked, distance traveled, calories burned and total active time. In addition, should the wearer find herself in an emergency situation, she can simply tap her bracelet to send a distress signal to a predetermined list of contacts, along with information about her location.
What makes these products unique is the material used and their stylish look. No cheap plastic here. The three styles, collectively dubbed the Socialite Collection, are all made of brass, plated in 18-karat gold or rhodium. The bracelets connect to your phone, giving the wearer more options.
Prior to launching WiseWear in 2013, Wilmink worked first as a research associate with the National Academy of Sciences, in which capacity he founded and led the first terahertz (Thz)-sensing lab for the Defense Department. The lab co-developed the first THz spectrometer to assess skin burn injuries in battlefield situations. (Terahertz radiation is part of the electromagnetic spectrum, between microwaves and infrared light waves, but the technology to detect or use its power was practically nonexistent at the time.)
We met with Dr. Wilmink at his company’s headquarters on the North Side, where at least 10 biomedical and electrical engineers are busy developing health-related tech devices.
What brought you to San Antonio?
When I got my Ph.D., I didn’t know what I wanted to do when I grew up. So I was exploring research positions and received the National Academy of Sciences postdoctoral research fellowship to start a new lab for the Department of Defense — the Terahertz Biosensing Laboratory. That was located at Brooks City Base here.
What motivated you to start WiseWear?
The inspiration was my grandfather Dominic Cameratta. I was raised by him and my mother. He suffered from a condition called Lewy Body Dementia, which is a cross between Alzheimer’s and Parkinson’s. His symptoms included memory issues and changes in gait and balance issues. In 2010, he got up in the middle of the night, lost his balance and fell. He passed away the day after Christmas that year.
Before passing, however, he asked me, “When are you going to start that medical device business that you’ve been talking about since graduate school?”
I have always wanted to create devices that help people, and that’s why I pursued biomedical engineering. However, in the research environment I never felt like I was making a real impact in helping people. His death was the beginning of this whole idea. Our first product was a hearing aid that had three elements – it functioned as a hearing aid but also had sensors that detected dehydration and the ability to tell seniors that they were in danger of falling down. It was the first preventive way to prevent older people’s falls. That product requires FDA approval, and it’s still in production.
Along the way we patented an antenna system that allows us to transmit Bluetooth within the confines of a metal medical device. Previous wearables were made of plastic because it’s easy to transmit Bluetooth signals to a smart phone through plastic. We patented a system that allows us to transmit these signals through metal. This breakthrough was the foundation of our business. Women don’t want to wear plastic; they want to wear real jewelry.
That’s a huge leap forward for wearables.
Our selection of metal is genius on a number of levels. First, our system allows us to transmit Bluetooth signals 10 times further than normal Bluetooth, which is a big deal. Second, metals exhibit an oligodynamic effect, which means they are antimicrobial; they don’t carry bacteria like plastic, so there will be no skin rashes and things like that. And they are water-resistant (safe for showers, sweat and any weather conditions.) And here is a cool thing: Our products are mix-and-match. We call it “the beauty and the brain.” (He proceeds to demonstrate how the bracelet can be separated into the top “beauty” part and the lower “brain” part and how the same brain part may be recombined with a different top for a different look.)
Who designed the styles of the Socialite Collection?
We believe that form, function and fashion truly intersect in our products. We are partnering with some leading designers from New York City. Our first designer was Lee Chen, who served as a chief operating officer at Ippolita and also worked for Swatch and Tom Hardy. She is now on our board. She and her team flew in from New York, and we designed the collection together. And we have plans to do other collections with other designers as well.
Are the bracelets available for sale, and if so, where?
Through our website (wisewear.com), and soon from some major retailers, but we can’t discuss their names at this time.
On your website I saw a product called Evolve. What is it?
There are five products in production here. The bracelets are the first to hit the market. Evolve is a health and fitness monitoring device for professional sports players and fitness enthusiasts. It’s not a jewelry-type product.
You are often invited to speak at various conferences such as TEDMED and SXSW. What do you talk about?
I am invited to speak on a variety of topics — technology, entrepreneurship, innovation and about how we developed our products. I’ve probably given a few hundred talks by now and published 60-plus papers on sensor technology and engineering. I also have 10 pending patents worldwide. I was a pretty big nerd before I chose this (current) route. I ran a research lab, so I published a lot of papers about our research. I also served as a program manager for the Department of Defense SBIR (Small Business Innovation Research program) and in that capacity helped businesses develop innovative sensing products.
What is your advice for budding entrepreneurs?
My main advice is, if you are starting a business, don’t do it to get rich. If you want that, become a hedge fund manager! My advice is, find the sweet spot … If you have a passion for something and you have the right skills, start the business because you can have a positive impact on the world. (He draws three circles on the board to represent passion, skills and impact, explaining that the sweet spot is where those three partially overlap.) If you can get to the intersection of these three things, you’ll never work a day in your life. That’s my best advice for someone who wants to start a business.