- Issues with current healthcare model:
- Low-code/no-code Palantir product:
- Digital twin importance for Palantir:
- Palantir & NHS case study:
- Issues with current healthcare model:
Healthcare professional, Kris Patel, outlined the evident deficits within the context of the healthcare scene. Kris emphasised how products such as Palantir, in which can empower a digital twin and ontology, can result in better outcomes and therefore a more specialised data-driven approach towards healthcare.
On the topic of low-code/no-code products within healthcare:
- End-users want to create better outcomes in certain areas.
- Health professionals need an environment in which there is less friction to create a product.
For example, if a Nurse is non-technical, however believes that improvements can occur within a specific area, that Nurse must prove their set case. This requires the use of data to present a clear and data-driven argument. This is because, once a plan has been formulated, this enables a baseline in which can aid comparisons to previous data-sets. When the new plan is adopted, one can relay the same information back, and compare this data to the old data-baseline.
However, within the current model of healthcare, this is often not as easy as it may sound.
Often changes are wanted to be made by individuals within managerial roles, however there is a limit for the data in which can support that set case. Even when using a data warehouse, often this creates an array of data in which is very hard to compute, and therefore one struggles to derive true value.
- Low-code/no-code Palantir product:
A low-code/no-code product is a type of visual software development environment in which enables one to “drag-and-drop” application components, connect them together and to create a mobile or web-application.
Through a low/code, no/code product, this enables a more democratised model towards data empowerment. Kris Patel stated how, getting people on the ground with access to frictionless tools, and giving an ability to improve efficiencies will revolutionise the healthcare scene. Often individuals who are working within the healthcare scene are not technical, and therefore fail to successfully make appropriate changes. However, through a frictionless low-code/no-code product platform, this results in anyone making changes within the organisation, which therefore can lead to added efficiencies and more productivity improvements.
- Digital twin importance for Palantir:
Digital twin importance within the healthcare scene is also vital:
- Digital twin enables proactive, not reactive healthcare.
In consideration of the siloed data scene, in which is unstructured and complex, all of this unstructured data tells you a small part of a larger picture. However, once you combine all the pieces together, this can result in a digital twin.
Through the digital twin, this results in testing capabilities.
Furthermore, secondary diagnostics that happen with a set patient in which may have not been recognised by the healthcare professional – but these missed patterns can be identified by the digital twins.
This overall proactive model can predict certain issues that may occur in advance – instead of afterwards.
- Palantir & NHS case study:
This all comes after news of Palantir’s recent initiative with the NHS. The NHS claims that Palantir have added towards the elective care backlog. Overall, Palantir were able to create a 28% reduction in the inpatient waiting list through data-drive insights.
This reveals Palantir’s proposition of “time-to-value”, in which refers to Palantir’s competitive moat. “Time-to-value” means that Palantir’s software can create efficiency improvements, productivity improvements and overall create a competitive edge for a set organisation.
Investors believe that this is part of Industry 4.0, the new industrial revolution, in which will be driven by software solutions and data.
Investors are betting that Palantir, in consideration of their first-mover advantage, will become a dominant OS solution for the modern enterprise.
