Duncan M. (Hank) Walker, Professor of Computer Science and Engineering at Texas A&M University sent in this comment:
Europeans spend less than half as much per capita as the US on health care. There is no fancy technology involved, just spending 80% less on administration, negotiating the best prices on drugs, and regulating costs. How can MRI vendors make a profit at $98 per MRI in Japan (the government-specified rate), while the MRI cost is $1200 in the US? They design machines that can make a profit at $98 per MRI.
Technology can reduce costs, but keep in mind that the major cost savings does not involve technology.
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.