Dr Simon Wallace, the CCIO (Chief Clinical Information Officer) at Nuance + Microsoft joins me to discuss why Microsoft spent $20 Billion acquiring Nuance Communications at a 23% premium and the impact this will have on the healthcare industry.
🔍 Topics covered:
- Microsoft & Nuance: A Strategic Chess Move? 🏥
- Nuance's Role in Conversational AI 🤖
- Impact on Clinical Documentation and Burnout 📄
- Cultural Changes in Healthcare Tech Adoption 💡
- Addressing Privacy in AI-Driven Healthcare 🔒
- The Future of AI in Healthcare: Insights from Ray Kurzweil's Vision 🌐
🔗 Useful Links:
Follow Simon on Linkedin: https://www.linkedin.com/in/simonwallace1/?originalSubdomain=uk
More about the acquisition: https://news.microsoft.com/2022/03/04/microsoft-completes-acquisition-of-nuance-ushering-in-new-era-of-outcomes-based-ai/
How Microsoft and Nuance are Redefining Healthcare: https://www.microsoft.com/en-gb/industry/nuance
Podcast Episode with Dr Umang Patel: https://youtu.be/V_2YB_yzVPQ?si=RjGIbisnMdAV4Szo
Timestamps:
00:00 Microsoft's Third Largest Acquisition in History
01:33 Having the Backing of Microsoft
02:50 Nuance's Voice Recognition Technology
04:14 The Impact Within Healthcare
04:51 The Impact on Doctors
07:41 The Impact on Patient Care
10:07 OpenAI, Azure and Nuance (an Unstoppable Team)
13:26 The Cultural Shift Needed for Adoption
16:59 Black Mirror Similarities?
20:28 A Required Competency for ALL Doctors?
23:02 Ray Kurzweil's Influence in Nuance
23:41 Merging of Man and Machine
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WHO AM I?
I'm Esh, a final year medical student!
On this channel, we explore health entrepreneurship, medical technology, digital health, and the future of healthcare 💡
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