by December 20th, 2015on
TREND #10: POSITION BIG DATA TECHNOLOGIES TO ENABLE THE EVERYDAY USE OF DATA SCIENCE
The Internet of Things (IoT) has been growing significantly as consumers and businesses recognize the benefits of connecting devices to the Internet. Gartner, Inc. forecasts that there will be 25 billion “connected things” by 2020. Healthcare organizations are also beginning to understand the value of the IoT. According to a report from MarketResearch.com, the healthcare IoT market segment is poised to hit $117 billion by 2020. While the number of connected devices is impressive, the attention shouldn’t just be on the sheer number of devices but rather the data, analytics, and insights these devices generate.
The healthcare industry is seeing explosive growth in the amount of data available for analytics. One of the biggest drivers is the collection and use of data from IoT devices such as medical devices, sensors and wearables. The IoT generates a massive amount of structured and unstructured data; in fact, healthcare providers are equipped with more data than ever before. A lack of data is not the challenge; the challenge is creating meaningful information that enables healthcare providers to focus on the highest priorities and drive improvements from strategic, operational, and, most importantly, from a quality of care perspective.
There have been vast improvements in analytics tools and techniques, but a lack of system integration continues to be a challenge for healthcare organizations. Uncovering and capturing the value of IoT data and marrying it to other source systems, such as electronic medical records, financials, and claims, is critical to generating a 360-degree patient view and the key to many initiatives such as population health management. Read the rest of this post »