What does a $1 Billion dollars get you in higher ed these days? M.I.T is using the money to build a college for artificial intelligence. The goal, according to the M.I.T. president, is to "educate the bilinguals of the future".
So now we have to be sure every student has a Duolingo for AI on his or her iPhone to supplement their competency in organizational ambidexterity, i.e., executing on the now, while , at the same time, keeping their eyes on the next and new.
AI, pundits say, will be part and parcel of almost every industry, including sick care.
So, business students, medical students and health administration students had better be prepared for some math, computer science and statistics courses the next time they visit the registrar and the school book store.
Indeed, learning how to interpret AI generated reports has become a core competency for employees these days. Just ask the CEO of Nokia.
Soon, "digital health", including AI, will be just health ( instead of sick care), just as we would no more call banking, "digital banking" because it uses so much digital and computer technology to do business.
Some digital health technologies will fall by the wayside. Some will become an integral part of the art and business of medical practice, like AI, and nobody will even notice what's behind the curtain.
The M.I.T initiative, however, is a necessary step towards giving students the knowledge, skills, abilities and competencies to win the 4th industrial revolution.
The danger is that the perils of AI might fall off our radar screens and that we will become complacent and accepting as long as we can get our money out of the ATM machine anywhere in the world.
Arlen Meyers, MD, MBA is the President and CEO of the Society of Physician Entrepreneurs and visiting lecturer at the University of Colorado Denver Business School
Arlen Meyers, MD, MBA is a professor emeritus of otolaryngology, dentistry, and engineering at the University of Colorado School of Medicine and the Colorado School of Public Health and President and CEO of the Society of Physician Entrepreneurs at www.sopenet.org. He has created several medical device and digital health companies. His primary research centers around biomedical and health innovation and entrepreneurship and life science technology commercialization. He consults for and speaks to companies, governments, colleges and universities around the world who need his expertise and contacts in the areas of bio entrepreneurship, bioscience, healthcare, healthcare IT, medical tourism -- nationally and internationally, new product development, product design, and financing new ventures. He is a former Harvard-Macy fellow and In 2010, he completed a Fulbright at Kings Business, the commercialization office of technology transfer at Kings College in London. He recently published "Building the Case for Biotechnology." "Optical Detection of Cancer", and " The Life Science Innovation Roadmap". He is also an associate editor of the Journal of Commercial Biotechnology and Technology Transfer and Entrepreneurship and Editor-in-Chief of Medscape. In addition, He is a faculty member at the University of Colorado Denver Graduate School where he teaches Biomedical Entrepreneurship and is an iCorps participant, trainer and industry mentor. He is the Chief Medical Officer at www.bridgehealth.com and www.cliexa.com and Chairman of the Board at GlobalMindED at www.globalminded.org, a non-profit at risk student success network. He is honored to be named by Modern Healthcare as one of the 50 Most Influential Physician Executives of 2011 and nominated in 2012 and Best Doctors 2013.