Does Alphabet Fancy Health Care, Finance, and Insurance?
September 10, 2015
I read “The 3 Major Industries AI and Big Data Will Reshape This Decade.” I asked myself, “What does this spell for the company formerly known as Google?”
The write up asserts:
We live in an age of disruption — and that’s a good thing. Industries will be transformed. Major companies will fall. Old systems will collapse as entrepreneurs figure out how to optimize and reinvent inefficient businesses, products, and services to provide consumers (us) with all things better, faster and cheaper.
Despite this positive disruption, health care, finance, and insurance will be changed a bunch.
The question is, “Will Google target these industries as a growth opportunity for its smart software and Big Data acumen?”
My hunch is that Alphabet and its former Googley self will go after money in these and other places.
However, I would remind those fans of disruption to check out the consequences of the math club’s approach to societal behavior. There is the “immigration crisis.” There is the dust up in the Ukraine complemented by nervous Estonians, Latvians, and Lithuanians. Heck, while I am listing disruptions, I suppose I can toss in the folks in Finland too. There is the excitement in the South China Sea. Mix in some poor behavior, fundamentalism, and some unemployment, and the opportunity to make money in health care, finance, and health insurance is indeed pregnant with opportunity.
Google has to generate more revenue as its “Machine Learning: the High Interest Credit Card of Technical Debt” makes clear. Google is on a roll. Not even puny nation states can slow the chipper outfit.
The singularity looks great when view through the eyes of a Googler wearning Google Glass 2.0. Others may see a differently rendered scene.
Stephen E Arnold, September 10, 2015
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