NPR reports on how cloud computing is changing the health care industry, as Reuters notes that venture capital funding for health technology is getting harder to raise.
NPR: Cloud Computing Saves Health Care Industry Time And Money
The cloud's vast computing power is making it easier and less expensive for companies and clinicians to discover new drugs and medical treatments. Analyzing data that used to take years and tens of millions of dollars can now be done for a fraction of that amount. ... when information is stored on the cloud, it's easier for researchers to collaborate (Kaufman, 10/1).
Reuters: Venture Capital For Medical Technology Harder To Come By: Report
Venture capitalists, long the lifeblood of medical technology firms, are growing cautious on the sector after seeing their returns squeezed in a time of growing cost pressures for healthcare, a report by Ernst & Young said. While venture capital investment levels have stayed fairly steady over the past five years, those funds were mostly raised before the financial crisis (Kelly, 10/2).