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Dear This Should The Innovation Subsidy

Dear This Should The Innovation Subsidy Help, Not Washington, Decide. By Josh Gerstein • Oct. 22, 2015 11:12 p.m. ET Armed with information we’ve seen from other institutions, we at Innovation and Research are moving in the opposite direction.

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The government is looking for a new, more efficient solution to climate change. The Internet of Things has been around for more than a decade and is poised to revolutionize the role of the lab from where scientists are attempting to diagnose diseases, diagnose food overindulgence, and work with health-related problems. As Science reported last week, things seem to be moving in that direction, thanks in many ways to the so-called “AI revolution” of the last two decades. The new goal of the Obama administration and other states could not be less stark: a “race to the top” of technology, where businesses build inexpensive, easy-to-customize sensors to determine who is on their roster and sell their goods upon their premises — something at risk of losing customer bases that have been the focus of countless issues of federal policy. This is technology driven economics, with “AI, product, software and business opportunities” being the keywords.

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The science of technology enables every kind of innovation, from the ubiquitous access control to more diverse products, to a new form of research that can be viewed as having a similar value to today’s peer-reviewed journals. The private sector has made strides in two areas: providing doctors with personalized pain analysis tools; and helping the FDA in discovering novel drugs. No one should feel blindsided by the obvious impact the new approach will have on both health care and the economy. “Last year, we were about 8 to 11 years behind on every single expense metric. A new system could take care of it all,” says James Stang, CEO of the Natural Sciences and Engineering Graduate School of Engineering on the second floor of Bloomberg College.

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An AI revolution of its own could “transform healthcare as we know it” by providing less dependence on chemical, genetic and physical chemicals, and allowing physicians to use more automated products. Research into Alzheimer’s disease could be turned down by the FDA, so physicians could choose a solution that not only best fits their medical needs but protects the long-term health of an individual patient. And it could improve our resilience to difficult or unforeseen emergencies. We can only hope that Google will do it.” Follow Jana Kostisic on Twitter.

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