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Big Data holds the potential to amplify the Healthcare sector!
Big Data holds the potential to amplify the Healthcare sector!

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2020 will be remembered in the history of mankind not only for being a year of disruption but of creativity, breakthroughs, and innovations. The outbreak of COVID-19 gave rise to several complications and unprecedented demands which eventually spurred the creation of some out-of-the-box innovations. These technically advanced solutions have stood up for the frontline health workers as battle buddies, supporting them to deliver services heroically, and aiding them to meet the global health crisis. As per the report by McKinsey, medical providers have left no stone unturned in upgrading their telehealth services which enabled them to boost operational efficiencies by way of the remote access platforms in the days gone by.

Emerging technologies such as IoT, AI, and ML are playing a major role in driving the healthcare sector towards absolute digital transformation. However, the disruption stimulated by Big Data in the ecosystem deserves thoughtful attention. From revamping healthcare operations, making medical care accessible to reducing their cost; this futuristic software has altered the way care is delivered.

Known for its dynamic capability of agnizing consequential information, big data has extended extensive support to hospitals in analysing patient’s health records, they availed the algorithms to look over the accumulated data. Furthermore, the data when evaluated with analytics and AI can engender valuable insights that can be used to get to the bottom of a diagnosis and deliver the most pertinent medication to the convalescent. In essence, the clinical data analysis optimizes the quality of healthcare by simply applying the transmuted actionable information. It aids in streamlining the management, examining, and furthering the whole process of identifying & predicting ailments. This very attribute has helped decision-makers and healthcare providers track down the contact history of COVID patients which has proven to be the most effective measure to break the chain of infection.

In addition, big data technology is impeccable for carrying out biomedical researches. The complex yet potential software tools can be put in an application to pioneer new solutions in biology, medicine, genetics, epidemiology, and pharmacology. This variation can be useful in eventually developing a personalized approach towards aggrandizing medicine and building smart hospitals.

Even though big data ameliorate patient healthcare, generates real-time alerting, and plays a part in designing fitness apparatus, it sustains legal trials. Although, its promising idiosyncrasy has impelled the ecosystem to band together and cast about for provisions that can conclude suspects like the breach of data privacy, encourages the use of big data and analytics to transform industries, and helps businesses gain a competitive edge.  If we consider the report released by IDC, big data is expected to grow faster in healthcare than in other industries like manufacturing, financial services, or media. The global big data market in the healthcare industry is expected to reach $34.27B by 2022 at a CAGR of 22.07%. Globally, it is forecasted that the big data analytics segment will be worth more than $68.03B by 2024.

As we navigate and embrace the new-normal, Big Data analytics is opening new doors of opportunities for us which we have to leverage and apply for the benefit of the community.


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AparnaRoy
Senior Associate CoE Iot & AI

aparnaroy

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