On February 25th, IE Big Data Club in partnership with the Healthcare Club hosted its 3rd Data Disrupt (#iedatadisrupt). This year’s version presented how companies in both Fin Tech and Healthcare were disrupting their industries through data. It was a full day event where the first half was dedicated to Fin Tech and the second half to Healthcare, paving way to one keynote speech and one panel for each. There was also plenty of networking opportunities.
The event started of the best way possible with opening remarks from our very own Juan Jose Casado, Academic Director of the Masters in Business Analytics and Big Data, and Data & Analytics Corporate Director at Sanitas. Juanjo, as we dearly call him, stated how happy he was that the event had two focuses. During his professional career, he has worked in both sectors. He was eager to listen how both industries were disrupted. He spoke about the importance of how humanity is on the verge of seeing the impact of data analytics in our lives. “If we are able to put together all the data financial, genomics, life, all your data, we will have the tools on how the world really works.” He expanded by telling how he talked to Jose Luis Cordero — from the Singularity University who expressed to him how lucky we all are, that human beings are going to be the only generation to live the impact of exponential technologies in healthcare.
The Fin Tech section kicked off the event with a presentation from Juan Manuel Koury — Senior Consultant at Ernst & Young. Mr. Koury spoke about the added value of new technologies. “Because of regulations, banks aren’t able to bring new technologies into the market.” He continued to make his case on how Fin Tech companies are helping the financial industry in its evolution. Because of this he showed Ernst and Young plan to consult big financial corporations through a real time platform that observes the Fin Tech companies throughout the world.
The FinTech panel followed with the journey towards tech-based innovation, data-driven decision making and implementing a data-centric culture is complex, especially in the highly regulated financial sector. The panel was insightful, inspiring , exciting and eye opening altogether. They all exposed how technologies like, blockchain is revolutionizing the transactions and regulations. In fact blockchain took a great part of the conversation. Also, talked about where the opportunities lie, which presented a spectrum of choices like payments, blockchain and being faster than banks. Moderated by Luis Maldonado, Founding Partner at DigitalTakerts, Professor Economic Environment & Finance at IE Business School, this panel explored how their companies are disrupting the financial industry through big data. The participants were:
Luis Perez Ureña — CEO & Founder of Finn Ventures:
•Concentrated on the opportunities of Fin Tech in the Financial sector
•“Banks are not really transforming. The basically put the service to digital channels but they do not change to the new customer needs.”
•“data is the petrol of the financial industry”
•Banks should standardize their API’s to help Fin Tech companies develop products and services
Andres Varela da Costa — Business Development & Entrepreneurship Instigator, SEQR:
•One of the segments with more opportunities to be disrupted in the financial industry is payments, specially peer to peer.
•What is the new generation of users are asking for? Disruption will come from user experience
•“Banks can become aggregators of the blockchain disruption…The blockchain revolution is comparable to the invention of the internet…Blockchain will be the internet of value.”
Munya Guisa — CEO & Co-Founder of Pich Technologies:
•Gets payments data from banking APIs and works together with lenders to take decisions really fast. He thinks that in the long run many decisions will be taken based on data and automatically
•his company gathers data with user authorization rather than asking banks for the data.
Jorge Ordovas — Co-Founder — NevTrace, Blockchain Lab and Digital Transformation at Telefonica.
•“We are living the most interesting moment regarding Fin Tech”
•Nonetheless, it is still a hard moment for the blockchain sector, because people are not transacting digitally.
After a networking/lunch session, the Healthcare part of the Disrupt started with a presentation from IBM Madrid”s Javier González who introduced us to Watson the supercomputer with artificial intelligence and shared a use case on how cognitive computing is helping the Healthcare industry. He also presented how Watson is helping researchers through Big Data and AI to discover new solutions for drugs.
It was followed by the healthcare panel moderated by Joe Haslam — Angel Investor and Associate Professor at IE Business School. Healthcare is one of the highly disrupted industries, in recent years, through big data. Technologies like Internet of Things and Artificial Intelligence are transforming people’s lives. The discussion was based on use cases in healthcare and how big data has contributed in disrupting this industry.The participants were:
Felipe Calderero — Value Proposition Manager at ATAM (Telefónica Group)
•Stated that because technology will continue to pave the way, we humans will need to change our mentality.
•We now live in a disease management system, so disease prevention technologies will be disrupting the industry the most. Since big healthcare companies like pharma enterprises take time to adapt, will be the Startups the ones that can bring disruption.
Jose Juan Moratilla — Business Line Manager Digital Health Services at Siemens Healthineers
•Right now Siemens does prescriptive analysis on radiographies.
•They currently have more developers than Microsoft
•Privacy is one of the biggest issues in Healthcare!
•Healthcare is one of the best sectors for employments because of the vast amount of data that can be analyzed and the people you can help.
•Thinks industry disruption will be on the population health management
The event continued over cocktail and networking section, where the participants had the opportunity to interact with the panelists, keynote speakers and among each other. Overall, the event was a success with a full house. Looking forward to see which industries will be noticeably disrupted next year.
The Big Data club will have two more flagship events this year, apart from other smaller ones. Smart Cities and IoT event will be on the 20th of May and the Data Dive will be on the 2nd and 3rd of June. Stay tuned for further announcements. Don’t forget to follow us on Facebook: IE Big Data Club; and Twiiter: IEBigData
Last but not least, we would like to extend our gratitude towards Campus Life and IE Careers, for helping us make this event happen.
Looking forward to seeing you soon.
IE Big Data Club