Thursday, January 27, 2011

Innovation from Delphi Wiki

Implanting a bio sensor under a person's skin to monitor blood glucose and oxygen levels is a concept that is almost here. Powering such a device externally and reading the results is a technology borrowed from RFID chips and can work with a microprocessor with ample ROM and RAM. What is missing is the sensors themselves. These sensors must operate indefinitely without requiring consumable materials. One possibility is BioMatrix.
Two forces that support this concept are medical (obviously) and technical, from RFID technology and  sensors on a chip.
Governmental forces impede development in two ways: First, a "tax the rich" policy reduces the incentive for entrepreneurs to take risks on new products, since if they succeed, financial reward will be reduced. Second, increasing regulations add to the complexity of any new product, especially in medicine.
Legal forces also reduce the incentive for new medical devices since anything new in medicine is a target for lawsuits.
The Delphi method would be appropriate here with experts chosen from all related fields, especially including silicon chip designers and experts in legal medicine. Closed collaboration allows experts from competing organizations to participate without trade secret issues.

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