In an April 21 press release, Amazon announced it was launching a $1 billion industrial innovation fund to encourage new ideas and solutions in customer fulfillment, logistics and supply chain and the creation of new technologies.
One of the start-ups already backed by Amazon as part of the fund is data analytics and wearables company Modjoul. It’s developing wearable safety technology that includes real-time safety alerts and recommendations with the aim of reducing common workplace injuries like strains, sprains and musculoskeletal disorders.
Other companies included in the fund are developing bi-pedal robotics, computer vision and artificial intelligence for inventory management as well as robotic arms to work on factory floors.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
