US is falling behind in global innovation: 5 policy changes needed to stay in the lead

The U.S. has led the world in innovation since the end of World War II, but that dominance is now threatened by other nations’ own skyrocketing investments in technology, according to a new report from the Aspen Cybersecurity Group.

Advertisement

The report, “An Innovation Challenge for the United States,” describes how the nation led innovation for the majority of the last century due to four main factors: a lack of post-war devastation, an influx of high-skilled immigrants, an increase in educational opportunities and overall Cold War build-up and the resulting scientific competition.

With the social and political climate that led to that dominance no longer in place, however, the federal government will need to actively pursue innovation. Here, according to the report, are five policy points necessary to overcome existing barriers to innovation and rebuild momentum behind innovation:

  • Build consensus
  • Increase research funding
  • Promote free trade policies
  • Encourage immigration
  • Invest in education

Aspen Cybersecurity Group’s members are leaders in a variety of industries, representing organizations such as Google, Facebook, Johnson & Johnson, Harvard Law School and the U.S. government. It is chaired by Ginni Rometty, chair, president and CEO of IBM, Rep. Will Hurd, R-Texas, and Lisa Monaco, co-chair of international law firm O’Melveny’s data security and privacy group.

View the full report here.

More articles on innovation:
‘Digital Health 150’: 23andMe, Tempus among most innovative, best-funded healthcare startups
Duke Health establishes center for genomics engineering technologies
USC to offer minor in health innovation in spring 2020

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.

Register to Attend Webinar

Released OR time is leaving capacity — and revenue — on the table

Wednesday, July 22
1:00 PM - 2:00 PM CDT

Presenters: Kelly Connolly, MHSA, PMPJane Yang, MHACaity Butler, MSN, RN, CNORThomas Brehmer

Advertisement

Next Up in Innovation

Advertisement

Comments are closed.