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[Staff reporters]

Henry Ford was fond of saying that “nothing was particularly hard if you divided it into small jobs.” He followed his own advice, built world’s first assembly lines that cranked out 15 million Model Ts, and left his competitors in the dust. Engineers are now taking Ford’s advice to the extreme and breaking down the factory to bits and bytes.

“Software, data and analytics are changing what we can make in ways I couldn’t imagine when I left school,” says Christine Furstoss, global technology director at GE Global Research. “It’s more than 3-D printing jet engine parts from a digital file, which we already do. We can build a factory that can make itself better. We call it the Brilliant Factory.”

Furstoss spent a recent Tuesday afternoon at the White House, where President Obama announced that he would open two new innovation institutes to boost advanced manufacturing in the U.S. The first one, in Chicago, will focus on digital manufacturing and design innovation.

The other, in Detroit, will experiment with light-weight materials. “It’s all about growing a new generation of workforce,” Furstoss says. “The next manufacturing revolution can be an American revolution.”





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3 Responses

  1. 7 things this med student learned about being an innovator

    Years ago as a first-year medical student, I wrote a piece titled “Be an Innovator in Medical School.”


    The content was meant to be a starter guide for medical students interested in creating change at their institution or community.

    via Lew


  2. Crowdfunding

    One of the earliest examples of crowdfunding occurred in 1884 when funds ran short for building the Statue of Liberty’s pedestal. The publisher Joseph Pulitzer used his newspaper to appeal to Americans to donate the money needed to complete the pedestal’s construction. Over $100,000 in six months was raised from more than 125,000 people.¹

    But it took the Internet to truly put the wind in the sails of this unique form of fundraising. According to the World Bank, crowdfunding in developing countries alone will reach nearly $100 billion by 2025.²

    Crowdfunding Roots

    Up until now, the primary use of crowdfunding has been to find donors to support the personal endeavors of artists, inventors and filmmakers. In return, donors may receive a perk, recognition, or a product as a form of gratitude. These tokens of appreciation are often tiered to be more attractive the larger a donor’s gift.³

    Crowdfunding has not been generally viewed as an investment and thus has escaped regulatory oversight or supervision.

    Crowdfunding Grows Up

    Until recently, crowdfunding to solicit investments from the general public was not allowed. However, with the passage of the JOBS Act of 2012 and recent rulemaking by the Securities and Exchange Commission, the table is now set for raising equity and debt capital for businesses, heralding a new era in capital markets allocation.⁴

    Crowdfunding sites are springing up like mushrooms following a heavy rain. Not only are they multiplying in number, but they are also beginning to specialize.

    Crowdfunding continues to gain momentum as more people search the Internet for new financing choices and fundraising alternatives. It’s strongly recommended that you take the time to research and investigate crowdfunding sources before making any commitment.


    1. National Park Service: Statue of Liberty, 2017
    2. Forbes, March 15, 2016
    3. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.
    4. SEC.gov, March 10, 2017

    Jason Dyken MD MBA
    via Ann Miller Rn MHA


  3. Crowdsourced Physicians: 10 Ways to Decrease Healthcare Costs

    1. Reduce spending on direct-to-consumer advertising: 52% of respondents
    2. Shorten or curtail efforts to extend patient life: 21%
    3. Stay informed on drug prices: 39%
    4. Limit the use of non-generic drugs: 38%
    5. Limit the use of expensive tests: 14%
    6. Improve insurance coverage: 12%
    7. Improve price transparency; 9%
    8. Improve generic availability: 7%
    9. Change regulations: 5%
    10. Reduce copays: 1%

    Notes: From an article entitled, “Are We Solving the Healthcare Affordability and Access Crisis? Physician Predictions Survey from InCrowd Suggests the Answer is, Not Yet

    Source: Businesswire, February 7, 2019


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