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Wearables – Current developments on the path to relevant applications

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I know if landmark
and a high welcome
everybody my name is Thomas ongoing of as of the members of the fall I am
in charge of the global operations for 3 and new ventures which is the venture capital arm of free and so most of you may know 3 and by the means of posted or scotch tape but certainly we do much more on and we're very broadly positioned industrial company on that provides for products that go into a smart phones on computers airplanes and satellites on whatever you think 0 it's a specific adhesives that's about some and connectors for the electronics industry it's about some of graphical films that are used in cell phones in order to improve improve display quality saturates at so very broad range of products and and some of the on the group that I'm leading 3 in new ventures it's about 30 people and located worldwide in 6 offices on our headquartered in Munich and in Berlin in Germany not in Minnesota comes from and so what we're trying to do is we're trying to find so the next big thing in our context which is material science on arms we're looking at start ups at MIT on and other places worldwide where in uh reading of of the right ideas to be happening on I'm going to give you some examples later on in my speech and in what about the the slides so just want to you to concentrate on on actually 2 stories of of that I like to tell you I'm so you get so much better hold around what we do how we do it all and so on where they're trying to get to with this and other the units will started 7 years ago and and up until now we've invested in roughly 40 companies of the currently represent the net asset value of roughly half a billion US dollars on so given the size of all company this is a pretty sizeable stake and that we have invested and and we have actually taking this money from our own R&D budget and allocated to external venturing so model that you usually see in pharmaceutics for examples of for example where you and you will find the companies that companies like Nevada large
investing in start-ups on and so in companies that have come a certain way and through the
FDA that will process and we bring this more and more you also see other industrial companies and doing this to a great extent on 1 side to drive innovation and and so on and get some more speed into the processes of but also to relieve some connect to external thinking in a meaningful way by the means of venture capital investment but certainly also by replicating that technology into those ideas of solids and so what we're trying to apply is a very compassionate approach with the companies that financing but in order to help them to some kind of accelerate their ideas faster and come to solutions and that's when I may impact the market at an earlier stage compared to if they would develop things on their own still and in order to and
and keep options for exit and we are basically working ones based on standard silicon valley term sheets which means and that there are no
options for us to buy those companies no no no hardly tied options on just soft options that would allow certainly going forward and promised to acquire the company but we would like to keep it open in order to keep up the spirit of and and the energy in the company that we're investing in in order to develop their own ideas
on ends and if you take a look at the moment the metrics behind it and of
this and what accompanies but we may acquired 1 day Problems thought 6 not more of that's kind of the industry standard of because especially when you invest only stage and the idea of the start up may deviate from your own ideas and from your own business on on the other side it may inspire all businesses to move into new fields and that's what we're trying to foster and and and really push forward of from France perspective on and it's actually working out quite well on the elements of and the game and I'm talking about
variables and like ideas of of that kind of will be on your body or even in your body
going forward momentum going to give you some background stories that to relate to 3 am on 1 side but also in general to the development of business and that the currently see worldwide from some of those points will be assumptions and some of them will be hard facts and of wiser suppose when you follow my talk you will be able to distinguish in between the assumptions and the hard facts and sometimes you on perhaps but this this makes it I think even more interesting and OK so let me tell you the 1st story on and and it's not that
MIT roughly 3 years ago when we identified at the lapse of the vessel Boßlet would also started of this famous loudspeaker company but unfortunately he died likes and died at like 6 months ago but at his lab and that was a company that started roughly 2 3 years ago called portal instruments and this company portal instruments has developed an idea based on the moving-coil which is the standard principle of adult speaker and what it does on this device that's about the size of this microphone of takes a certain amount of medication that States insulin for diabetes treatment from a certain tank that has been attached to the device it's putting this liquid under extreme high pressure and then it's shooting the liquid it would not all the so laser shapes the little I like like the nozzle in the front of the device then through your skin and into your blood powerful into your tissue and so basically it's a device in order to provide a full and new delivery injection of medication into your body and and if you take this 1 step ahead and
so what we always trying to do in order to push the envelope and you connected to the idea that
Google on May prominent roughly 2 years ago which is this sugar level sensing context lands and that I'm sure many of you would have thought about and this device actually sending out by a lot of good was triggered by an external stream of energy on every 15 minutes the blood sugar level of the person that has a bearing on this and contact lens to a specific device may be your smart phone but it may also be the device that I
just talked about that may be fitted to be off on with the gross so we have permanently attached to the body on which is also the
terrible of some kind but it's an active variable that does something with your body and so if you close
the loop in between those 2 devices the contact lens and this 1 device that what instruments that maybe editorial upon suddenly you have closed loop blood sugar diabetes treatment which is affecting roughly
400 million people on the planet and so ideas like those we are trying to accelerate and develop and for the most part we're not doing this by ourselves in this case we're working together with some of the engines I'm 1 of them were basically working on the pharmaceutical thought of that side of things in order to make sure that the viscosity of the liquid works with the system of men can be injected in your body
and on the other side we working with partners on the data side of things because you can imagine that such a system will connect enormous amounts of data around nation compliance and and
what then happens to the body whether this certain algorithms you should apply in order to even better regulate the amount of you should inject the dataset rights on and this device and its and fast track FDA approval of the right now in the United States and should be approved within the next 1 and a half to 2 years and
will then be put onto the market probably not initially in the shape and form that I just described but this will come pretty soon after all in order to of of basically then also address a very broad market with significant
needs around them 1 OK so this is kind of stage number 1 or system of one-stage number 2 section 1 would be the actual device that's number 2 is the connection to the contact lens on the next stage would be the data side of things to make sense of the data and that's coming out of that in order to even further improve the system and make it more accessible more tangible and derived really like actionable information from it In order to make sure that you really building an ecosystem that works and the next step would be I and I don't know how many of
you have heard about calico some this initiative and if this by Brin and Page of Google who apparently founded it was a pretty
significant amount of money out of their own pocket but out of Google's pocket From this whole endeavor is being
headed by art Levinson who is also the chairman of Apple of used to be on a very significant functional to wash amend this kind of somebody who really understands the in betweens between consumer electronics pharmaceuticals health care and general on and some of them this individual and actually called to people in the advisory board of calico which is popping out of poverty is running the medical department and Harvard and the enhancer of MIT who basically took the seat of 1 of the DB amends as we do a lot with MIT because might use support materials science and instruments also bought materials science and you the officials have quite closely to this idea all and I'm also came up with the point because in the end about customize nutrition and customized medicines and that it may make sense to use the device that I just described to you in order to provide some customized medicine into the human body under full compliance again with the device that is kind of attached to your skin and certainly will grow smaller and smaller going forward and this device that may be connected not only to a blood sugar levels and so on but to another sensor that may have been injected
under the skin I know it sounds like science fiction but this would become quite normal within the next 5 to 10 years and ends of based on this
data and the analytics of this data and you will be able to receive a specific medicine during the course of a day in order to condition your body in the perfectly right away I'm certainly only for people who need it it's not everybody about something that will play a significant role in of the tree in the treatment of specific diseases going forward that we think helical will also find out about because they are no driving you 2 I better understand the mathematical correlation between the
human G norm and the human the and in order to
in the interval of medicine that is perfectly customized to your body the other part being and customize nutrition where we see that going forward he will have a little device on it on your kitchen Topic like today you may have you an espresso machine but where you just push a button in the morning and the device based on 5 cottages of 6 cottages that are inserted into the device will give you a specific brain that you drink every morning in order to fill certain resource in your body met that may be certain enzymes so vitamins all other things your body needs of by the push of a button based on data from your quantified self the again sounds like science fiction but
some I think it's something that we're going to see also in the next 5 years and that will drive a huge difference because people than
real on I think Mickiewicz effort in order to live more healthy to live longer on the actual imperative that bring put out on was that you said basically we want people to the 440 years healthy which is something they are saying they should be able to achieve within the next 10 years from so it stays in that situation that has a lot to do with variables that have as a lot to do with data
on and so so the also lot to do on about the the subject matter how you turn this data into actionable information on and when you talk about
variables so that's something that we always claim because we do have quite some of those products into the market and then attaching a sensor in the garment or whatever else so even inside you inside of your body that's nothing new but we're talking about smallest commodities and that are attached to your body in a certain way into a alignment of something on it turns interesting and
when you look at again the DataCite how we turn the data that is being generated by the sensors into true actionable
information how do you figure out what the data is really telling you about in the context of all the senses that are at this very moment in time in a position to to got a certain data also about yourself and about your surroundings and so in terms of the venture capital and the term in terms of companies that are being financed currently and we we saw
quite some boss around I would be and the actual sensors but what we see now is a massive interest in companies on for the most
part based on of artificial intelligence the to turn the data into actionable information on those companies are
on especially in North America's 1st especially actually in California right now popping out like this and like I've never seen it before any of because they will then really
make a difference I don't know whether and some of you saw on none of those 2 graph published by 1 of the wearable device manufacturer and that's kind of put out a graph that talked about a certain like like notably sense
the slide but it it's a graph that tells you that something happened at 3 AM in the morning at a different level of magnitude in different regions the so
basically what you would be looking at is is of great data from California and the epicenter apparently was and where most of those users of this device woke up during the middle of the nite and and then you can also tell them about the distribution of the observed great because a certain and smaller number of people will come in other areas and so basically the system without ever having been intended for this purpose give you real time of like data in California which was deemed to be some some some really relevant point on because even the state owned authorities the official authorities were supposed to report about this were minutes later it the compared to of this device maker were certainly all the states are made abstracts and use a gnostic can precisely tell you where it happened when it happened and what they stand for
on the so and this again another play that we clearly see the see happening some of the will also change in
many areas of the industry but again on the most important factor being on the correlation between the data and the actual action that is supposed to happen later on on so that's 1 point
I'm I'm like to create some awareness about on because very often we get approached by people who say have a certain ideas so how do
I make this happen on the hardware side and as I said this is something that I deemed to be quite simple common quite straightforward because you can get those of the electronics store on the corner and then and if you have a really good application and you want to Moss market just make it smaller package of different way of making sustainable as possible and as lasting as possible and then take it all to the market that's nothing special nothing new and there are some companies that will support you in this what in Europe on China depending on the scale that you're looking at again said the interesting part being the software and that turns this into an application or even into an ecosystem that's the big change but was seen on another and the interesting point of law in terms of like where things are going with variables is and when you for example look at Facebook's Oculus Rift device and from all those other wearable devices that give you a the complete skull of video or pictures on the all including some of audio for example on they're on this
front there's also a lot happening on I don't know how many people you try to Google Glass in its 1st version which is from my perspective
was more less approach aside what started the ecosystem around so on on classes that kind of interact with you and away from that even like like you become contextual every minute when you're wearing them on the certainty that will be
next versions of class on because the existing version for the most part since industrial applications many people think of that some of last wasn't really a success
of because no also google basically we took it away from the markets and and private individuals cannot really it anymore but when you look at the commercial success of class in the company's lecture measure the orgy your others they ordering class even in the existing version of of of quantities of thousands in order to use this products and the fall repair processes for like that's a aircraft engines for example where the engineer who was repairing the engine come and get some of the direct advice around like what area to work on next which screws to untie which part part to replace etc. and in parallel the whole thing is being videotaped from so going forward if you see an issue happening with this engine ordinal 6 months later you can precisely look what happened during the time of repair which is really of very huge importance on some other device makers because Indian parents so you know across engine anymore this value of a runtime of aircraft engine so basically what you by ourselves into with your rules for so this is 1 or more of a running engine but is flying transatlantic 11 and in order to support both business
models on you need to have a product that lasts is very reliable and so
has some element maintenance windows that can be easily attached to the scandals of the actual device and so when you look at for example 1 of those gene 90 engines when they're flying transatlantic uh they're generating gigabytes and gigabytes of data which had
been sent to the to with the operation centers of G on 1 side but certainly also to the aircraft operator which is terms of for example Germany and so on
and given the fact that those devices on so heavily censored on and on in the and then also are able to send the state of cooling operations center and a certain number anomalies can be detected by analyzing the data again it's about data analytics that tell you whether certain fan part in this engine and currently has some malfunction because at the tip of the fan of the for foreign height more compared to all the other phantoms In this engine of and so on what all of working on elements of actually seeing that working life integrand really believe it is once such an enormous anomaly is detected on that's at the destination of the aircraft
while as that States flying from Frankfurt to Beijing on at the moment this is detected and identified as a failure of
the Apollo all part of the engine is probably reduced to 70 % the aircraft continues to fly to Beijing and want once said that it has landed on the 3 D printer from your so German company just outside of Munich this finished printing the titanium part of the titanium found that will be put into the engine and the this is not really something wrong variables but it tells you somewhat what context can do going forward and so basically when the aircraft lands it'll be pulled into the service hangar from the engine compartment will be opened they take out this 1 can that has reported this anomaly put in the new 1 that just finished printing because today you can actually prevent turbine fan on of of titaniumIV within like 4 or
5 hours that works and it's being used and and this tells you how things will will grow in terms of a context that's generated around them and tell them when the easy but how straightforward such processes will be going forward when you integrate
everything and and when you have this machine to machine communication that is in the end and able to identify what kind of an action needs to happen on the end of what I just said in terms of me not really believing that this is possible on my just visited the on of engineering lapse of the US and the
company's called electro-optical systems and that 1 of the most advanced companies in the world in terms of 3 D printing and laser sintering and then
they explained to me that there are some candidates for turbines even more advanced than the standard ones that are just basically injection-molded of writing you and all molded of titanium because they're blades on hollow on on the inside because given certain 3 D manufacturing processes you can basically calculate the fan in a way so that the inner area this partially hollow in order to save weight because every moving part of an engine consumes more of an unknown aircraft fuel compared to having a solid part of and so going forward we may see aircraft engines for the complete components that are moving on 3 D printed just for the sake of weight reduction and so that's another imperative that is coming right after the idea of 3 D printing on which we certainly also looking at from the Rams perspective and also to provide materials ultimate enable this to happen on that because we see this as a huge paradigm shift in the industry and because of it in the and when you look at additive manufacturing and all the implications of it and we see it significantly changing the world which also relates to the fact that in our universities we have to educate students in a way that they really understand what Additive manufacturing means I'm an engineer myself I got educated in a way that you take a solid piece of metal you take the dual and then you start like and removing what you don't need for the actual application of no going forward having very advanced systems and that allow you to construct on them for example such candidates in a completely different way based on usually sophisticated software systems and basically explain to you where things will go but also in other industries and aerospace and and aircrafts will be 1st but on the other side it clearly see that and other industries like automotive for example will follow pretty quickly also in order to come come to a less costly approach around like waiting OK I just thought I have 3 minutes left I shall
be opened up for of 4 discussion for some questions right now but
I can't heinie add to a kappa Elaine and founder of the land bridge and I'm wondering I regarding the medical technologies you mentions 2 extends are the market leaders looking at developing these 4 and I emerging economies and developing markets are anywhere communities I don't have access to health services or trained doctors to the point that we always of especially nor venturing units of pay a lot of attention to them not not to leave people old that are usually left alignment and we would never have a finance ideas
on that's all all sort of or whatever coastal this corpus that's imperative number 1 or and they're really very evangelistic
about this which sometimes it's hard to argument in the company that sits in the middle of the
Midwestern part of North America very conservative on uh but we do not we we say no we need to create to keep a straight line here which is very important so we have finance companies that pro mushrooms at industrial scale for packaging purposes and my seal called me crazy when I explain to him what they want to do
and he said hey thomas I use serious about moving 3 M into growing mushrooms on industrial scale holy cow on but then I
demonstrated to and how this works and and other applications that way as well in terms of like high-density board sentence which is pretty interesting applications most of our countries where you may use this concept in order to grow breaks and build a house some and that that works and it actually works pretty well and it's the at extremely low cost because all you need of the mushroom seeds which the liquid something special and then you can start growing it and 5 days and then you have I don't know 10 is that you have a house so and so we're not trying to look at that and of course we have certain limitations on the but also when it comes to like like medical applications we always looking at cost which is a key driver no matter what of ends at the applicability in other areas as well because going forward if you have such a system of that automatically guarantees you compliance because it's attached to your body and the sensor in your body will tell all persons also your body will tell what it does and I think it will take us a long way from
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Metadaten

Formale Metadaten

Titel Wearables – Current developments on the path to relevant applications
Serientitel re:publica 2015
Teil 84
Anzahl der Teile 177
Autor Andrae, Thomas
Lizenz CC-Namensnennung - Weitergabe unter gleichen Bedingungen 3.0 Deutschland:
Sie dürfen das Werk bzw. den Inhalt zu jedem legalen Zweck nutzen, verändern und in unveränderter oder veränderter Form vervielfältigen, verbreiten und öffentlich zugänglich machen, sofern Sie den Namen des Autors/Rechteinhabers in der von ihm festgelegten Weise nennen und das Werk bzw. diesen Inhalt auch in veränderter Form nur unter den Bedingungen dieser Lizenz weitergeben.
DOI 10.5446/31923
Herausgeber re:publica
Erscheinungsjahr 2015
Sprache Englisch
Produktionsort Berlin

Inhaltliche Metadaten

Fachgebiet Informatik
Abstract The key question is: "How can we turn data into actionable information?" Based on the larger scope of discussions around quantified self and ever increasing levels of contextuality between systems, the presentation will focus on the key question how to turn data into actionable information.

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