How AI is Transforming the Healthcare Industry | #JPMHC19 | J.P. Morgan

How AI is Transforming the Healthcare Industry | #JPMHC19 | J.P. Morgan


Greetings from J.P. Morgan’s 37th annual
Healthcare Conference. My name is Harlan Sur, omni semiconductor semiconductor
capital equipment analyst here for the firm and for the first time in the
history of the Healthcare Conference, we have a semiconductor company presenting, NVIDIA, a leader in visual and computing silicon and systems and joining us here
today from NVIDIA is Kimberly Powell, Vice President for healthcare at NVIDIA.
So thank you for joining us today Kimberly. Thank you it’s a real honor to
be here. Great thank you and the first question that I want to ask which is a
high level question which is why did the NVIDIA team make the decision to
participate in our healthcare conference this year well we’ve been working in
healthcare for over 10 years we’ve been heavily focused in in medical imaging
and life sciences and drug discovery and with the the real burgeoning artificial
intelligence community what we’ve seen is the last five six years the the
research community in all facets of healthcare have really embraced
artificial intelligence and we’re seeing this make its way into all of the
different practices of healthcare. Everything from you know reinventing how
we’re doing genomics and drug discovery to the clinical care process and even
getting now into preventative care and all the different sensors that are
entering this space. So as an AI computing company it seemed like a you
know a perfect time for us to come talk to this community, connect with all of
the leaders here. I mean everyone in the industry is here there you know startups
are here, large companies are here, the provider space is here, the payer space
is here, and with artificial intelligence it’s the time to connect with all of
these all of these parts of the ecosystem in healthcare and really
enable them to get on this AI track. You know for a leader like NVIDIA and the
technology space you know and focusing on healthcare you know from your
perspective what are some of the important technology transformations
that are happening in healthcare? More importantly how is NVIDIA set up to
take advantage of those technology inflections. Yeah sure, if you look at
just in the last five years new devices and instruments are entering the
marketplace that are allowing for new capabilities you wouldn’t say that
genomics was sort of mainstream five years ago but
today I think it’s going pretty mainstream it’s become becoming part of
the the clinical care process you’re seeing new genomics devices that are
being held in the palm of your hand and democratizing the ability to do genomics
you see new instruments for drug discovery like electron microscopy that
won the Nobel Prize allowing us to see the structure of proteins we were never
able to see before and if you just look at it from the perspective of these are
the instruments that are going to drive the journey towards precision medicine
and if you think about how difficult and complex the data that they’re generating,
the size that it is, and the fact that you know biology is one of our biggest
you know data challenges, this is the time that artificial intelligence and
NVIDIA has it as an AI computing company can make the contribution to the entire
pipeline from the acquisition of this data to the analysis of this data and
all the way into the integration of the data to really really find our way
towards more and more precision medicine to technologies. And the one thing that
that I’ve always appreciated about NVIDIA and Jensen, the CEO and founder of
NVIDIA, is that he’s always very forward-thinking always thinking about
the next five to ten years and so as you think about your healthcare leadership
in your healthcare franchise thinking out longer-term over the next five to
ten years, what are you most excited about? What do you think is going to be
that next big inflection point for your franchise looking out to that time
period? Yeah sure they the radiology industry is it’s kind of on the
short-term. We hit an inflection point in 2018 we’re seeing hundreds of AI
applications enter the medical imaging space and it’s affecting everything from
the operations of the radiology practice to the Diagnostics of the practice to
even doing things we were never able to do before
like detect biomarkers through the images so radiology is absolutely going
to be one of the the fastest moving adopters of artificial intelligence and
it’s going to transform that entire industry and that’s going to affect
patients and clinical and the providers so that that space is is really going to
benefit rapidly. Some of the other areas that I
think are incredibly interesting is it’s absolutely drug discovery. We just talked
about new instruments new amounts of data and we know that there is a
challenge a major major challenge and drug discovery and the time that it
takes and the cost that it takes to introduce drugs to the market so being
able to employ high performance computing accelerated computing and AI
technologies to start doing things more in silico than it is always done you
know in the wet lab to accelerate that process all the way through the clinical
trial process that’s where I can see huge data problems and an absolute need
to employ techniques like artificial intelligence and then thirdly you know
as a benefit of being today a healthy person and having young children I
really look to the future of preventative medicine. With all of the
technology we’re building in in the world today with digital wearables and
the fact that genomics is becoming mainstream, connecting your genetic
disposition to what’s happening in your everyday life so that we can prevent
illness from happening that’s where I see the future. And then I think lastly
I’m always interested and I think the audience is always interested for very
very successful executives like yourself you know the career path you know you’ve
got a background in engineering and tech. Did you always know that this is
something that you wanted to do? No I didn’t, I really enjoyed math and science
in high school. I actually started as an international business student but as
soon as I got into calculus for business I really started to miss my math roots
and and I decided to take a look at electrical engineering because we were
in that era of computers we’re going to create new capabilities for all areas of
science engineering and technology and I thought if there’s one place I should be
it should be in engineering and so I chose the electrical engineering path
and started my internship in a medical imaging diagnostic medical
imaging company and immediately then I realized being able to help people
through technology was a real real honor to be a part of. If you can’t help people
directly if I’m not a trained doctor directly
how could we take this technology and then indirectly affect the care of
patients and so from then on I just never looked back and and it’s just been
an honor to be able to start the practice here at NVIDIA.
Well we really want to thank you for your insights in your participation in
the Healthcare Conference this year. Thank you very much. Thank you for
inviting us and letting us be the first tech company to present it’s been a real
honor and a great great conference. Great, thank you.
Thank you.

Daniel Yohans

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