Israel, once dubbed the Start-Up Nation because of its innovative business environment, is relying heavily on digital health to revitalize its high-tech sector. The government is spending $275 million on a plan that includes making its citizens’ medical records and genetic data available to researchers and corporations globally. The goal is to add to the investment that multinational companies such as Samsung and IBM have already made in Israel. But the bet that the digital health initiative will pay off may collide with several nagging problems in Israel’s high-tech industry, including a chronic shortage of trained workers and increased foreign competition. The plan also has prompted some privacy concerns, even though participation is voluntary, because of the threat of data breaches.read full report
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Will digital health restore its luster?
Israel’s high-tech sector has attracted foreign investors such as Intel, which acquired the automotive technology company Mobileye. (Sebastian Scheiner/Associated Press)