At the Louisville Innovation Summit, health and tech experts explored how big data, artificial intelligence, and the Internet of Things are helping older adults stay healthy and independent.
By Hope Reese | October 10, 2016, 11:57 AM PST
Laurie Orlov, principal analyst, aging in place, for Technology Watch, spoke at the Louisville Innovation Summit.
"Aging care is one of the most aggressive industries in innovation," said Keisha Deonarine, economic development manager for the city of Louisville, Kentucky. Deonarine, speaking at the third annual Louisville Innovation Summiton Monday, hit on a key point: The rise of big data, IoT, and AI have enormous implications for the improvement of the US healthcare system.
It's a system ripe for innovation—already this year, $6.5 billion has been invested in digital health startups.
And it's an industry with critical implications for seniors. In the US, there are 46 million people over the age of 65, and 20 million over the age of 75, saidindustry analyst and former CIO, Laurie Orlov. Where do they all live? Almost half (46%) of women over 75, live alone.
So how can we use technology to help those at home live well? It's becoming a "crisis," said Orlov. According to a 2013 AARP report, the caregiver gap is growing, and by 2030, there will be a 4:1 ratio of caregivers to older adults—a drop from today's 7:1 ratio.
And a major obstacle is that the assisted care industry is still private, said Orlov, and many aging Boomers don't have the funds to cover assisted living.
The telehealth market, which Orlov said is "hot, hot, hot," will grow to $1.9 billion by
"Aging care is one of the most aggressive industries in innovation," said Keisha Deonarine, economic development manager for the city of Louisville, Kentucky. Deonarine, speaking at the third annual Louisville Innovation Summiton Monday, hit on a key point: The rise of big data, IoT, and AI have enormous implications for the improvement of the US healthcare system.
It's a system ripe for innovation—already this year, $6.5 billion has been invested in digital health startups.
And it's an industry with critical implications for seniors. In the US, there are 46 million people over the age of 65, and 20 million over the age of 75, saidindustry analyst and former CIO, Laurie Orlov. Where do they all live? Almost half (46%) of women over 75, live alone.
So how can we use technology to help those at home live well? It's becoming a "crisis," said Orlov. According to a 2013 AARP report, the caregiver gap is growing, and by 2030, there will be a 4:1 ratio of caregivers to older adults—a drop from today's 7:1 ratio.
And a major obstacle is that the assisted care industry is still private, said Orlov, and many aging Boomers don't have the funds to cover assisted living.
The telehealth market, which Orlov said is "hot, hot, hot," will grow to $1.9 billion by
