North American investment in venture capital-backed health technology and digital health companies hit a record through the first 10 months of the year, outpacing all of 2019 with two months to go. The total venture capital raised by health tech so far this year reached $12.2 billion, compared with $10.7 billion for all of 2019. Digital health ... READ MORE >
Tech jobs have not been spared in the pandemic, but growth of remote work helps some
Before COVID-19, unemployment in the technology sector was at a five-decade low and was far lower than the overall U.S. unemployment rate. Though unemployment has risen for some parts of the technology sector as the pandemic has gripped the country, companies are still hiring for other roles. Job postings for web developers and applications software ... READ MORE >
Coronavirus and the global technology supply chain
To understand why the coronavirus has had such a profound impact on global supply chains and the world economy, look no further than how reliant technology companies have become on Chinese manufacturers. Nearly 20 years ago, during the SARS epidemic, China’s economy was much different and less interconnected to the world economy, supplying mainly ... READ MORE >
Shadow IT risk is growing as health care industry consolidates
As U.S. health care systems continue to consolidate, they must be aware of the information technology risks lurking in the shadows. The pace of consolidation remained strong last year, with approximately 1,600 deals. And while megamergers are expected to slow in 2020, larger organizations continue to purchase smaller systems through tucked-in ... READ MORE >
The new tech economy is all about location, location, location
Economic output in the United States is increasingly revealing a geographic divide, with a greater share of gross domestic product being concentrated in the nation’s largest metropolitan areas. In 2018, 31 counties generated 32% of U.S. gross domestic output, according to a report in Bloomberg based on data from the Bureau of Economic Analysis. The ... READ MORE >