The X PRIZE Foundation and Nokia have announced the launch of the Nokia Sensing X CHALLENGE – a $2.25 million global competition aimed at developing a new generation of health sensors and sensing technologies that can drastically improve the quality, accuracy and ease of monitoring a person’s health.
Improvements in these technologies will empower individuals to effortlessly monitor and collect their own real-time health data, providing both consumers and healthcare providers convenient access to critical information whenever and wherever they need it.
The announcement was made by X PRIZE Foundation Chairman and CEO Dr. Peter Diamandis and Nokia Executive Vice President and Chief Technology Officer Dr. Henry Tirri during their keynote address at the Wireless Health Convergence Summit in San Diego.
“Partnering with Nokia is a natural fit for this competition. Health sensing technologies enabled by artificial intelligence, lab-on-a-chip, and digital imaging are advancing exponentially and will ultimately integrate with your phone. We need to expand sensor and sensing technology beyond disease management to areas such as public health and fitness,” said Dr. Diamandis.
“The Nokia Sensing X CHALLENGE will bring about radical innovation in health sensors and sensing technologies, which paves the way for better choices in when, where, and how individuals receive care. Ultimately, healthcare will be more convenient, affordable, and accessible to consumers worldwide through these integrated digital health solutions.”
The inefficiencies and total cost of the U.S. healthcare system (and healthcare systems around the globe) has been a pressing social and political issue for many years. In the U.S., the total spent annually on the healthcare system is more than $2 trillion, which accounts for more than 15 percent of the nation’s GDP. Health sensors have the capacity to stem this trend. Consumer use of sensors and sensing solutions has the potential to improve, extend and ease delivery of healthcare services, as well as reduce costs to the benefit of health providers and patients.
“Nokia engages in Open Innovation on many different levels; this type of ‘grand challenge’ is not only a unique method of driving significant progress in a short space of time, but one which can also help to create an entire ecosystem,” said Dr. Tirri.
“This competition will enable us to realize the full potential of mobile sensing devices, leading to advances in sensing technology which can play a major role in transforming the lives of billions of people around the world.”