I really like your closing remark about how big pharmaceutical companies have found these technologies attractive, but the real question is how much value can we possibly get from these. This is something that only time will tell. I found this particularly interesting because of the variety of industries that are using machine learning at the moment ( From reading the topics of our class’ blogs!). There is a possibility that many industries are trying to fit in these technologies into their businesses without a clear plan. This might be the case for Flatiron right now. However, given the importance of this field, healthcare in general and cancer in particular, even a slight advancement can add massive value to the world!
This was very interesting to read. While it is very fascinating to know how AM is playing a role in shaping the future of space commercialization, I would question the role of governments and global relationships in helping advance this work. Rocketlabs seems to be a fairly new company (2006) as per your article, but the fact that they can already claim to reduce the manufacturing time significantly is a ray of hope for all of us. (“unprecedented launch frequency” by reducing the engine build time from months to just 24 hours). This might bring a giant leap for mankind again!
This is very interesting to read. I understand that it is difficult for additive manufacturing to extract value from economies of scale and therefore more relevant in low-volume manufacturing. It is fascinating to know that a company as large and capital-heavy as GE, which I would assume would like to leverage of economies of scale, has identified product lines where low quantity manufacturing process will work and is using AM to be more flexible and to improve efficiency.
Lego seems to have used open innovation in the best possible way – by getting ideas directly from its customers i.e. the children. As you mention in your article, they started taking input from groups of young children in the design process. This not only ensures that the product development aligns with the demands of its customers, but also helps market the product. I, however, have reservations on moving to the digital world. I believe that part of the reason that this became popular is their ability to engage “today’s children” outside the screen world! I would love them to continue with this idea of open innovation to continue bringing in non-digital new products for children.
Interesting read! Yes, while this idea sounds great in bringing a lot of value to an industry that is becoming increasingly costly, I would be concerned about the validating healthcare information that comes from collective sources. Additionally, as mentioned above, issues around confidentiality and regulation are challenges that I believe the industry needs to overcome or find solid solutions for for this to succeed.
Great writeup! You mention that lack of funding is a primary reason for the lack of talent acquisition in this field. I was reading an article which spoke about the current political uncertainty and how it impacts this. Precisely, I would quote from the article ” The current uncertainties are influencing the initial and midcareer employment decisions of R&D professionals who typically would have been interested in defense-sector careers but, today, have diverse options in other areas” https://physicstoday.scitation.org/doi/10.1063/1.1372115
Since you are from the same background, I would be interested in knowing your opinion.