In the US healthcare industry, nearly 1.2 billion clinical documents are produced each year, out of which 60-80% of valuable clinical data is in the form of unstructured data. This means that a significant amount of data that could be effectively used to improve outcomes by a large margin is stored in the form of narrative…
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Healthcare is one of the most important sectors of the economy. This industry is going through unprecedented change due to several factors. With rising costs, an aging population, and an increase in chronic illnesses, the need of the hour is to find out strategic ways what Data-Driven Healthcare Organizations do differently to improve the efficiency and…
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Data has already been dubbed as the “new oil” that drives the economy in today’s digital world. With rapid digitization in the healthcare sector in terms of electronic health records, telemedicine, and imaging, big data analytics is gaining importance as means towards enhancing the quality of service. With the volume of data in healthcare expected…
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In the digital age, management of big data is the key challenge in healthcare. Big data combined with in-depth analysis can transform business processes, improve patient outcomes, lead to innovative solutions, and benefit the community on the whole. Gartner Research predicts that the worldwide analytics market will retain the top focus of business leaders in the…
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What is Internet of Things (IoT)? The spotlight is on the Internet of Things (IoT) ever since it was coined in 1999 by Kevin Ashton of Procter & Gamble. In simple terms, it refers to a network of internet-enabled devices or “things” being able to connect and communicate with each other. According to BI Intelligence, there would be 24 billion…
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