Modern medicine is pretty fantastic, right? Wrong. Wow, you walked right into that honey trap. Pharmaceuticals are incredibly impressive and most of us wouldn’t be alive without them, but this industry is set to skyrocket in innovation over the next few decades, making our current practices seem as primitive as the 130-pound mobile phone that seemed really futuristic in '90s.
Alec Ross is one of America’s leading experts on innovation (in fact he served for four years as Senior Advisor for Innovation to the Secretary of State Hillary Clinton, a role that earned him a Distinguished Honor Award from the State Department). The world’s last trillion dollar industry was created out of computer code. What’s the world’s next trillion dollar industry? Turns out it’s been inside us all along – genomes. Procedures like genome mapping that cost $2.7 billion dollars a mere 15 years ago are now available for just a few thousand dollars, and if that still sounds like a lot to you, don’t worry, it will get a lot cheaper still.
With genomic mapping as part of our everyday medical arsenal, doctors and technicians will be able to diagnose illnesses much earlier, which has everything to do with survival rates and quality of life, and will be able to develop precision medicines that are specific to your genetic make-up and to the genomic make-up of each disease. Ross says this is “kind of a big deal” as it will add years onto our life expectancies.
Currently on the cusp of exploding, this industry will be able to detect cancers that are usually only recognized at stages 4 and 5, in stage 1 where cure rates are far, far higher. The times are exiting and hopefully many of us will be able to experience them a little longer thanks to genomic innovation.
Alec Ross' most recent book is The Industries of the Future.