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By cutting the fixedcosts of computing — avoiding the need to hire IT staff, servers, and hardware — even the smallest firm can satisfy large and unexpected computing needs. of firms had adopted it in 2010, whereas 7% had by 2016, which is an annualized growth rate of almost 50%. firms since the 1980s.
” There, in the shadow of Google’s global headquarters, the audience laughed on cue, quickly grokking the embarrassing point: it’s 2016 and this $3 trillion industry that our lives depend upon still relies on faxes, clipboards, and isolated instances of legacy software locked away in hospital basements.
Yet whether economies of scale truly exist in hospital operations remains questionable. In larger facilities, there is often an astonishing proliferation of special care units, ICUs, and quasi-ICUs that are expensive to staff and have high fixedcost profiles. Roughly two-thirds of all hospitals are part of these systems.
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