The article explores the parallels between the shakeout in the early automotive industry and the emerging market for ambient scribe technology in healthcare. Highlighting how technological advancements and increased efficiency led to a significant reduction in automotive manufacturers while benefiting consumers and society, the piece posits that ambient scribe technology could similarly reduce the burden of electronic health record (EHR) documentation on clinicians. Leveraging AI, these tools capture and summarize physician-patient interactions, potentially reducing burnout and enhancing patient care. With growing competition among various tech companies, the article suggests that the market is heading towards a shakeout, with the most efficient and integrated solutions likely to prevail, ultimately benefiting healthcare professionals and patients alike.

Ambient Temperature Rising: Increasing Demand And Competition For AI Scribes Forbes

A recent IBM report reveals that healthcare remains the hardest-hit industry by cybercrime, seeing data breach costs of $9.77 million between March 2023 and February 2024. This represents a 10.6% drop from the previous year, yet healthcare still far surpasses the financial sector at $6.08 million. The report underscores that legacy technologies and high disruption vulnerability make healthcare a prime target. Additionally, the study observed a 10% increase in the global cost of data breaches, reaching $4.88 million, largely driven by business disruptions and customer support post-breach. Security AI and automation have proven effective in reducing breach costs by an average of $2.2 million. However, a significant gap in skilled cybersecurity staff persists, exacerbated by growing threats and the rapid adoption of generative AI technologies.

Around the world, healthcare still pays more than any other sector for data breaches HealthExec

The article discusses the growing cybersecurity threats to medical devices and healthcare systems due to the increased connectivity brought about by the Internet of Things (IoT). These threats can jeopardize patient safety and compromise sensitive health data, as evidenced by instances like the FDA's recall of pacemakers and the significant data breach experienced by Change Healthcare. The risks are exacerbated by aging hospital infrastructure, particularly outdated MRI machines. Kirstin Simonson and Jennifer Ampulski from Travelers emphasize the importance of cyber insurance and robust cybersecurity practices throughout the supply chain, advising hospitals and healthcare providers to evaluate their partners' security protocols and leverage available resources to strengthen their defenses. Additionally, adhering to FDA guidelines and addressing misconceptions about cyber insurance coverage are crucial steps in mitigating these vulnerabilities.

When cyber risk meets healthcare insurancebusinessmag.com

Microsoft experienced a global outage affecting key products, including Outlook and Minecraft, caused by a DDoS attack compounded by inadequate defense implementation. The incident lasted nearly 10 hours, disrupting multiple services and causing widespread user complaints. The firm issued an apology and implemented a fix, committing to monitoring for full recovery. This event follows a recent major outage linked to CrowdStrike's flawed update. Services relying on Microsoft's platforms, such as Cambridge Water, HM Courts and Tribunals Service, and NatWest, were also impacted. The outages coincided with Microsoft's financial update, reporting weaker-than-expected growth in its Azure cloud services and a subsequent 2.7% share drop.

Microsoft apologises after thousands report new outage bbc.com