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Data-driven healthcare

When the average person imagines cuttingedge medical research , they picture doctors and scientists in white coats surrounded by chemicals , beakers and specialised equipment . But the truth is that some of today ’ s greatest medical innovations come from a very different setting – people sitting at computers running analytics software .

This is no secret to people involved in the healthcare industry , of course . Administrators , physicians , Researchers and students are all aware that data analytics is in the process of transforming healthcare around the world . In fact , a Stanford Medicine report on ‘ The Rise of the Data-Driven Physician ’ revealed that nearly three-quarters of all medical students and nearly half of all physicians are planning to pursue additional education in data-oriented such as advanced statistics and data science .

In addition , organisations are investing vast sums in analytics technology . Market

researchers say that the global healthcare analytics market will likely be worth US $ 39.7 billion in 2022 and is increasing at a 19 % compound annual growth rate ( CAGR ).

Similarly , a Huron Consulting Group report titled ‘ Embracing Healthcare ’ s Digital Transformation ’ found that nearly half of healthcare leaders surveyed ( 47 %) are looking to data management and analytical decision making to help their organisations grow .

However , that same report added , ‘ Digital , technology , and analytics strategies exist for nearly all organisations , yet only 30 % have begun to execute on those plans .’

If your organisation is one of the many that is still in the early stages of implementing its Big Data analytics strategy , you likely still have many unanswered questions . This guide provides an overview of some of the trends influencing Big Data in healthcare , the potential benefits , likely Challenges and recommended next steps . �

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