650 Labs Founder Shares Digital Healthcare Trends at HIT Knowledge Exchange
Silicon Valley takes its place as strategic hub of the healthcare industry globally
Mountain View, CA, July 29, 2013 – Mark Zawacki, founder of 650 Labs, a strategy and business management group, spoke July 15th at the Healthcare Innovation Transfer Knowledge Exchange at Nyenrode Business Universiteit in The Netherlands.
The discussion was centered around topics that could provoke a positive and valued impact on healthcare. While the Internet era, computer automation and consumer-managed processes have all contributed to the development of health science and medical advancements, the technology in health care has increased the overall cost of care and stressed health budgets.
Thijs Boekhoff, Director of the Healthcare Innovation Transfer Foundation and the host for the meeting, noted “We are looking forward to harnessing Silicon Valley’s energy into transforming healthcare, both in the US where healthcare transformation is just starting and into the Netherlands where we now have seven years experience in increasing efficiency and effectiveness.” Algis Leveckis, CTO at Ingen-Housz, Inc., a healthcare startup in San Francisco, added, “With an increasingly aging population, both nations need a step change in healthcare approaches to meet growing demands with better outcomes and lower costs – and that change may well be driven by consumers.”
The event was well attended by Dutch healthcare professionals and visionaries, including Maarten den Braber, entrepreneur and independent digital health strategist, who noted, “The HIT event at Nyenrode was an interesting overview of how the Dutch and US healthcare systems are both different and complementary. Insight into new perspectives on technology, business models and people helped better understand where value can be added on both sides.”
Zawacki discussed the positive healthcare avenues that could be explored considering the tectonic shift in Silicon Valley, asserting that the Valley has shifted from ‘high tech capital of the world’ to ‘industry disruption capital of the world,’ and that it is impacting multiple industries. Most notable among these industries is healthcare, particularly with dramatic changes and mandates that will change how information technology is used to advance the state of healthcare in the US.
“Our bodies are rapidly becoming digitized, and a combination of new consumer devices, nano-sensors, big data and the explosion of easy-to-use mobile healthcare apps will all contribute to a radical shift how healthcare is delivered worldwide” said Zawacki. “The evolution of Silicon Valley over the course of 75 years has resulted in an unrivaled cluster of innovation and productivity, which will have a profound impact on healthcare globally.”
While globally emerging tech hubs and geographically scattered innovators continue to be cited as the decline in physical location importance, Zawacki maintains that these locations simply cannot be ‘the next Silicon Valley’ for a myriad of reasons; they all pale in comparison to the Valley in terms of jobs created, economic impact and scalability of startups founded. In particular, Silicon Valley has taken a leading role in investment in digital health in bringing out technological solutions for delivering more and better health services, at lower cost.
“Powerful industry clusters have formed in the Valley including financial services, mobile, automotive, retail, media, and healthcare amongst others. They are collaborating and cross-pollinating across industries on business model innovation. We are not seeing these vertical clusters form in any other tech hub globally, and they are vital to the uniqueness of the Valley ecosystem,” said Zawacki. “The core value of this environment truly lies in this collaboration where industry giants globally work alongside one another and explore possibilities. This emerging Silicon Valley represents an environment where entire industries are being re-imagined, re-engineered and re-configured – caveat emptor.”
Zawacki cited the Valley as an area with limitless potential for the Healthcare industry, explaining that tectonic shift proves to be an ideal think-tank for advancements in healthcare. He outlined specific medical advances emanating from Silicon Valley including nano-sensors, bioprinting, human genomics, surgical and nursing robotics, telemedicine, prescribing apps and others.
“A concentrated group of medical science research and development industries and projects will bolster progress for healthcare solutions and propel new ideas and technologies in a way that will optimize the triple aim of healthcare: improving the patient experience of care, improving the health of patients and reducing the per capita costs.”
– publised by STEPHANIE GRAYBEAL
650 Labs Launches in Silicon Valley, the Original and Truly Disruptive Tech Capital – Launch and upcoming book highlight Silicon Valley’s expanding role as industry disruptor
650 Labs, the creation of Silicon Valley visionary Mark Zawacki, announced its launch today in the geographic capital of the technology industry. The focus of the 650 Labs help non-tech multinationals understand and react to industry disruptions emanating from Silicon Valley.
It has been widely discussed and predicted as to which location globally will be the “next Silicon Valley” of our time. Silicon Valley as a physical place in Northern California still exists, and for good reason. There will be no “next,” for the foreseeable future, according to Mark Zawacki, founder of 650 Labs. “Silicon Valley continues to evolve in such a way that it will be a major disruptor of multiple industries,” says Zawacki. 650 Labs has taken the lead in highlighting the overarching role that Silicon Valley is encompassing more than just the technology industry. The technology industry has become an integral part of many other industries, including financial services, mobile, manufacturing, automotive/transport, retail, media and several others. The major disruptions that these industries have undergone have led them to significant advances as a direct result of Silicon Valley’s influence. Silicon Valley isn’t just about high tech and startups, that is a very dated and dangerous notion.
Zawacki was recently the keynote speaker at the New Digital Economics EMA 2013 in London, where he discussed the digital transformation of multiple industries. He also spoke at the Health Innovation Transfer Knowledge Exchange at Nyenrode Business Univeriteit in The Netherlands, on the subject of the leading role Silicon Valley has taken in the rapid evolution that is underway in the healthcare industry. The launch of 650 Labs will also be followed by the release of a book authored by Zawacki that outlines ten industries that will be directly impacted by the disruption that comes from Silicon Valley.
Already, companies across multiple non-tech industries have seen fit to set up a strategic presence in Silicon Valley, with over 200 non-tech multinationals already having done so. “Silicon Valley is no longer just the center for tech,” added Zawacki. “Other industries, after recognizing the importance of technology not just in operations but in deep strategy, understand just how big of a role Silicon Valley really plays in their ongoing success. As a result, we’re already starting to see non-tech firms across all industries flock to the Bay Area to allow for a tighter role between their companies, and the Silicon Valley based disruption that increasingly drives them.”
Silicon Valley is transcending the technology that it creates, and takes on a broad role in changing the nature of many traditional industries. His launch of 650 Labs is happening at exactly the right time. Traditional industries, in the past, have thought of Silicon Valley as a supplier of IT, but are quickly realizing it’s now creating businesses that disrupt the very industries it was once a mere technology provider to. The transformation is putting Silicon Valley at the epicenter of the changing economy, and right alongside the pulse of the new business models industries are embracing as they look to succeed. 650Labs looks to change the way businesses do business.
Mark Zawacki’s upcoming book and the launch of 650 Labs come from his years of experience and expertise in the technology and business fields. Most recently, he has founded two successful strategy consulting firms, one being 650 Labs, and the other being Milestone Group, which was founded in 2001. Zawacki has advised more than 300 clients globally on growth and revenue-related initiatives. His work includes advising clients on a plethora of business strategy, innovation, new product development, acquisition targeting, business and corporate development, alliances/partnering, go-to market strategies and international expansion. Clients he has worked with include Microsoft, McDonalds, and JPMorgan Chase, to name just a small fraction of his impressive list.
About Mark Zawacki
Mark Zawacki is the Founder of 650 Labs a strategy consultancy which helps non-technology multinationals understand and react to industry-wide disruptions emanating from Silicon Valley He has advised more than 300 clients globally on a myriad of growth and revenue-related initiatives including business strategy, innovation & disruption, business and corporate development, alliances/partnering, go-to-market strategies and international expansion. Mark tweets regularly at @markzawacki.
650 Labs, a strategy and business management group, has recently announced a call to action for business executives globally with supporting evidence that Silicon Valley is in the early stages of being a major industry disruptor beyond its traditional tech focus. Despite the enthusiasm surrounding emerging tech hubs, 650 Labs maintains that the Valley is still the dominant, and still thriving, physical ecosystem, and is transcending its status as the tech center of the world..
According to 650 Labs founder Mark Zawacki, the Valley is making a shift from the high tech capital of the world, to being the industry disruption capital of the world in such industries as financial services, mobile, retail, healthcare, manufacturing, and the automotive industry. An upcoming book by Zawacki outlines research that examines more than 10 industries that will be impacted by the disruption coming out of the Valley.
“Silicon Valley continues to establish itself in such a way that it will be a major disruptor of multiple industries,” said Zawacki. “As evidence, we’re already seeing more enlightened, savvy multinationals opening a strategic beachhead office in the Valley to seek means of collaboration, rather than being the opposition – and to take advantage of the latest enabling technology as well as business model innovations that continues to drive disruptions in their industries. 200+ non-technology multinationals have now pitched up an opened a strategic beachhead in the Valley and the trend is increasing.”
Zawacki recently discussed his thesis as the keynote speaker of New Digital Economics EMEA 2013 in London. The gathering included a specially invited international group of 200 senior executives, entrepreneurs and policy influencers from across multiple industries to review and share best practice, creative thinking in order to enhance digital transformation and innovation in their industries and organizations. Following the presentation, 85% of senior exec attendees either “strongly agreed” or “agreed” with Zawacki’s ‘Silicon Valley as industry-disruptor’ thesis, using instant voting technology.
“While the digital age has allowed for the creation of ideas and start-ups to surface from unexpected places, geography and collaboration become important when it comes to researching and testing those ideas,” said Zawacki. “That’s how great ideas become successful quickly, and as we’ve learned, timing is everything.”
Although the popular notion maintains that geography is becoming less of a determining factor for success, Zawacki cites the evolution of the Valley over 75 years as a cluster of intelligence and opportunity for productivity. This environment lends itself to companies across all industries seeking solutions for scouting/strategy, pure research, product development and incubation, deploying capital, or cultural education of Silicon Valley.
“The diversity in the industries all found in one physical cluster easily outweighs any of the individual emerging tech hubs found throughout the world,” said Zawacki. As part of the Silicon Valley shift, the focus is no longer on simply making and selling technology-based products, but rather, on enabling companies across all industries to compete globally, and build disruptive businesses.
– publised by STEPHANIE GRAYBEAL
Pop Up Innovation Lab Brings Multinationals To Silicon Valley For Intensive Disruptive Innovation Boot Camp
Mountain View, CA – April 2, 2014 – 650 Labs, an analytically driven strategy consulting firm located in the heart of Silicon Valley, is offering a new immersion boot camp for multinationals through its “Pop Up Innovation Lab.”
The highly competitive pop-up program aligns with the emerging global trend toward multinationals setting up innovation centers and labs in Silicon Valley, while not having the costs associated with a permanent presence in Silicon Valley. Silicon Valley has historically and continues to be viewed throughout the world as a unique region for disruption and innovation, and executives globally frequently report visits to the Bay Area as inspiring and productive.
With the program, 650 Labs hopes to share the Valley’s insights for disruptive innovation with the growing number of multinationals looking to immerse themselves in the innovative best practices that the Valley is famous for. Multinationals from all corners of the world are tapping into a trend of forming close ties with Silicon Valley to take advantage of its innovative characteristics.
The Pop-Up Innovation Lab is more in keeping with the new vision of Silicon Valley as the “Industry-Disruption Capital of the World,” its creators say. But that immersion is rarely as simple as moving a business to Silicon Valley. Opening an office in Silicon Valley is costly, but establishing connections with the Valley’s innovative culture is increasingly essential for businesses anywhere in the world, across all industries.
“Not all companies, no matter how big, can afford to own a permanent office in Silicon Valley,” explains Mark Zawacki, founder of 650 Labs. “Instead companies are invited to take advantage of the best of both worlds, and visit Silicon Valley for a pop up experience. Visiting Silicon Valley for a week is nice, but our rigorous methodology is based on multinationals working on a high-profile challenge or opportunity while in the Valley, and for a sustained period of time.”
The Pop Up Innovation Lab bridges the gap between an expensive permanent office and a weeklong field trip by having companies send teams to Silicon Valley for a prolonged period, typically two to eight weeks. During the time in the Valley, the client team will immerse themselves into Silicon Valley and utilize all of its resources and techniques that they would otherwise not have access to. “Effectively, our client teams coming to Silicon Valley are working on strategic issues that have board level visibility. It’s beyond immersion really, we are having the client teams actually mimic behaviors and qualities of Valley disruptors,” says Zawacki.
In addition to fleshing out the strategic initiative they are working on, the experience includes relevant site visits, just-in-time education modules (i.e. business model innovation, design thinking, structured analysis, etc.), networking and discussing industry trends within the industry ecosystem, attending relevant conferences, and interacting with the right Valley ecosystems, including VCs, startups, serial entrepreneurs, vertical cluster companies and other key influencers.
The Silicon Valley setting is a rich environment for the experience. It’s there that, specifically, companies in the Valley have successfully impacted industries – from financial services to retail to telco to media – within a growing culture of cross-cluster collaboration. “Multinationals visiting the Valley for a week isn’t enough anymore,” says Zawacki, “the pace of disruption in many industries is happening too quickly for the annual visit.” “Besides,” Zawacki offers, “those short visits are rarely focused on a specific strategic threat or opportunity. Our Pop Up Innovation Lab teams have the opportunity to consider real-world company issues in the context and environment of world leaders of disruptive innovation. This experiential learning model goes beyond networking to provide a more cultural immersion sense for participants.”
While extensive research is part of the lab methodology, client teams are exposed to multiple approaches to achieve breakthrough results. In particular, there is a core curriculum consisting of interactive educational sessions and relevant case studies. Teams will also go out and network, and visit relevant Silicon Valley companies that will reinforce the core curriculum.
While the Pop Up Innovation Lab teams will be given great responsibility and independence by their companies, 650 Labs’ own team of professionals will mentor them. 650 Labs has a well-balanced team with backgrounds in operations, venture capital, and strategy consulting. They’ve successfully completed over 300 projects worldwide and have extensive experience both with multinationals and startups.
– publised by STEPHANIE GRAYBEAL