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SOURCE Robert H. Smith School of Business
Sandbox Centers Create 'Proving Grounds' Where Public and Private Sector Organizations Can Test Innovation Viability Using a Start Small and Scale Approach
COLLEGE PARK, Md., June 12, 2014 /PRNewswire-USNewswire/ -- kloudtrack®, a leader in cybersecurity and cloud computing (cyber|cloud) technologies and solution services for sensitive data, process management and Governance, Risk and Compliance (GRC), will team up with the University of Maryland's Robert H. Smith School of Business and Cisco Systems (NASDAQ: CSCO) to establish the first Innovation Sandbox™ exchange catering to the innovation, workforce development and technology roadmapping needs of public and private sector healthcare, and medical and life science (HealthTech) organizations.
The project was announced as part of today's Maryland Economic Development Association Summer Conference at UMD, themed "Health Innovations: Impact on Economic and Workforce Development."
The HealthTech Innovation Sandbox, which will be available via both physical and virtual data hosting platforms, is being developed jointly by kloudtrack and Cisco in partnership with the Center for Health Information and Decision Systems (CHIDS) -- a research center at the Smith School. The project will allow healthcare, medical and life science organizations to test, research, teach and learn various innovative technologies and/or methodologies in a proof-of-concept "sandbox" environment.
As with all Innovation Sandbox environments, the HealthTech sandbox will be provisioned in tandem with selected vendor partners that offer technologies and solutions in a variety of innovation categories, including:
"Healthcare as an industry has developed over the past 100 years to become perhaps the most pervasive citizen service in most developed countries," said Kenyon Crowley, deputy director of CHIDS. "During that same period innovations and technical advances have often outpaced the sector's ability to efficiently implement and integrate these technologies across this complex sector. The Innovation Sandbox offers a low-cost, low-risk approach that allows practitioners and health stakeholders from any specialty area to test new innovations against key bottom-line and patient care objectives and foster a learning community."
Now, more than ever, the driving factors behind IT deployments have become more economic than technical. The advent of innovations such as cloud, virtualization and mobility mean the vendor landscape is much more diverse.
"The economic drivers around innovations – particularly IT – afford practitioners a rare opportunity to consider best-of-breed offerings when considering and procuring IT solutions," said Michael P. Binko, president and CEO of kloudtrack. "Furthermore, with incentives such as the HITECH act and increased regulatory enforcements healthcare, medical and life sciences organizations must now be keenly in tune with patient care outcomes as they are now the primary driver for reimbursement. The vendors recruited for the HealthTech Innovation Sandbox are all proven leaders in tune with industry requirements such as interoperability standards and cyber-security certifications."
The Innovation Sandbox environments are designed to give organizations the opportunity to test waters with a Start Small … and Scale™ approach with keen sensitivity to limited resources and measurable results. Deployments are expected to run on sandbox systems for a period of weeks or months at small costs. During these test-bed deployments academia teams will evaluate the viability and return on investment for selected innovations. Then, decisions can be made about contracting and scaling the deployments with a solid base of results-oriented information.
"Organizations will be able to utilize the Innovation Sandbox to test sample-sets of data, users, processes and measure value metrics against real-world use case scenarios," said Michael Shepherd, principal for Public Sector Cloud Computing, Cisco Systems. "This concept and approach is consistent with Cisco's efforts to cultivate vendor ecosystems. With tightened budgets and a much more diverse environment of innovations available, CIOs have a rare opportunity to test the waters. These Innovation Sandbox environments offer an on-ramp to next-generation technologies that could have a dramatic impact on bottom-line results."
The HealthTech Innovation Sandbox is the latest in Cisco and kloudtrack's similar efforts that include projects in public sector/government/education, cybersecurity, property and asset management, financial services, energy, manufacturing and retail. By the end of 2014, three Innovation Sandbox environments are expected to be operational with a broad community of partner organizations serving diverse customer needs.
Headquartered in Annapolis, MD., kloudtrack® is a cybersecurity and cloud computing (Cyber|Cloud) company that integrates best-practice management with IT security and audit-trails that place a premium on monitoring users, transparency and collaborations as they relate to sensitive data assets and processes. kloudtrack® is one of the first technology and solution providers to address specific international, federal, state and industry-imposed regulatory compliance standards in Cyber|Cloud environments across multiple vertical industry sectors such as fin-serv (SEC/FINRA/Basel Accords/FED), health-medical (HIPAA/CCHIT/FDA-REMS) and government (FIPS/FISMA/FedRAMP) among others. This understanding and integration of GRC factors and certifications set kloudtrack® technologies, solutions and IP apart in the market and is now available via the Innovation Sandbox™ ecosystem. Learn more at www.kloudtrack.com.
Cisco (NASDAQ: CSCO) is the worldwide leader in IT that helps companies seize the opportunities of tomorrow by proving that amazing things can happen when you connect the previously unconnected. For ongoing news, please go to http://thenetwork.cisco.com.
About UMD's Center for Health Information and Decision Systems (CHIDS)
CHIDS works in collaboration with industry and government affiliates to research, analyze and develop solutions to challenges surrounding the introduction and integration of information and decision technologies into the healthcare system. The research at CHIDS seeks to understand how digital technologies can be more effectively deployed to address outcomes such as patient safety, healthcare quality, efficiency in healthcare delivery, and a reduction in health disparities. Since its inception in 2005, CHIDS has served as a focal point for thought leadership around the topic of digitally-enabled health system transformation. Learn more at http://www.rhsmith.umd.edu/centers-excellence/center-health-information-decision-systems.
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