We posed this question to our FOLEYTech 2014 expert panelists to get their take on a look ahead at what’s powering tech innovation.
- "In the next 10 years, the innovative integration of hardware and software will have the biggest impact — in robotics, wearable tech, smart home, and many other areas.”
– Eric Hjerpe, Kepha Partners, @efhjerpe
- "In mHealth, real-time location-based services have the potential for dramatic change of how clinicians communicate with each other as well as how hospitals manage their critical assets."
– Ron Remy, Mobile Heartbeat, @TechDadCentral
- "Indoor Positioning and Indoor Maps will be bigger than GPS or Maps. We spend 90% of our time indoors where GPS and Maps don't work. Indoor positioning can track people and assets anywhere, so you always know where the emergency surgeons are, where your family and friends are, and where your customers are. It will change retail, advertising, social, business, security, etc."
– Don Dodge, Google, @DonDodge
- "The Internet of Things (IoT) via wearables and embedded sensors will be a big part of the mobile, social and virtual revolution, and even more ways of interacting with the physical world will proliferate and increase efficiencies and productivity… Mobile telemedicine will have the greatest impact on quality of care as remote, out of hospital health care integrated with patients’ daily lives will reduce costs and enable patients to better manage and control their own health… The convergence of biometrics, near field communications and GPS with security in mobile devices will help provide more secure mobile payment and wallet solutions that will drive digital wallet adoption."
– Chris McKenna, Foley & Lardner LLP
- "Not a technology...a social phenomenon on top of technology....more affinity groups in health care making collective decisions about health care choices and purchases....based on their trust in those groups to complement their clinical sources."
– John Morey, MyRozi, @MoreyMyRozi
- "Data processing — in memory databases that process real time information and lend itself to predictive capabilities."
– Lara Hanson, Qwasi
- "Security software."
– Danielle Sheer, Carbonite
- "mHealth will continue to expand exponentially as the usage of mobile devices enable clinicians, patients and health workers to share patient data, collect physiological and neurological information in real-time, and remotely detect or diagnose health ailments to improve the quality of care, cost of care and most importantly the efficacy of care for patients, which if done properly, will help to drive down the cost of health care… Security technologies will continue to morph as the growth of cloud-based data grows alongside the future ubiquity of mobile payments. The future mobile security will be based on a multi-tiered paradigm of what you have (device), what you know (PIN/password) and most importantly who you are using behavioral (cognition and predictive analytics) and physical biometrics (iris, fingerprint, voice)…"
– Ralph Rodriguez, Delfigo Security, @ralphopinions
- "Graphene: This material can foster in a new wave of innovation starting at the component level."
– Robert Zeuthen, BNY Mellon
- "Greater use of facial recognition software."
– Ken Leeser, Kaliber, @KALDataSecurity
- "I believe there will be multiple tech game changers over the coming 10 years. On the mHealth side, health care will become much more personalized, customized and privatized – it’s become so easy to track everything, even down to the molecular level, about our bodies that treatments and plans are sure to follow… In the cyber security realm, the problem set continues to outpace the solution set (i.e., we’re losing) and that doesn’t appear to be changing anytime soon. Given that, I foresee a shift over time whereby offensive solutions (we’re purely defensive today) become more acceptable and legal. Defense-only just isn’t working…"
– Greg Dracon, .406 Ventures, @Greg406
- "Social features in enterprise software…we’re only at the tip of getting people more connected to the software."
– James Geshwiler, Common Angels, @geshwiler
- "Further advances in the collection and analysis of "Big Data" (namely computing power) and somewhat related, the "Internet of Things". Two big concepts with far reaching implications on the hyper-targeting of individuals in all aspects of their lives."
– Tom Kearney, Wicks Group
- "The continued use of Big Data to provide on demand products and services for consumers based upon behaviors."
– Rob Brown, Lincoln International
- "Connected Intelligence" — connecting the actions of individuals, automated processes, and digitally empowered machines in a fashion that allows us to increase our insight into and control over the tangible world.
– Ed Montes, DataXu, @DataXu
Interested in continuing the discussion with fellow entrepreneurs, C-level executives, tech business managers, and tech company investors and advisors? Learn more at Foley.com/Foleytech
Join in the discussion via social media at @foleytech and #foleytech2014.
A Look Back 10 Years
If you remove smartphones from the discussion, what ideas would you say have been powering and advancing tech innovation in the last 10 years? Read More in Part I.