Big Data in healthcare has become one of the most sought-after commodities of our time. With blockchain, Immunify.life unleashes the global potential bringing greater equity to the future of healthcare
Big data not only has the potential of revolutionizing healthcare from top to bottom, but healthcare organizations are increasingly relying on big data to provide better patient outcomes, save on costs, and build efficiency across all areas of the healthcare spectrum.
More importantly, big data will help clinicians and hospitals provide more targeted medical care and achieve better results at more optimised costs. For pharma companies, it is also a driving force that’ll help the design and build more innovative drugs and products. Healthcare stakeholders are now even relying on big data and predictive analytics to tackle major global issues and address future challenges and the immense costs linked to global events such as a pandemic.
As the healthcare industry is making incredible scientific advances and leveraging technology like never before, data has become one of the most sought-after outputs now akin to a precious commodity.
The global Big Data in Healthcare Market is now forecast to be worth USD 78.03 billion by 2027, according to a current analysis by Emergen Research
The growing adoption of big data in healthcare is also revolutionizing how the industry delivers much more precise and personalized care. Data analytics tools have been developed that provide better clinical support, cost of care measurement, and at-risk patient population management with the potential to predict outbreaks of possible epidemics, avoid preventable diseases, and enhance the quality of life in general.
However, despite the increasing growth and demand for this sought-after commodity, the incorporation of big data capture and analytics in healthcare has fallen behind other industries, not only due to the lack of reliable data collection frameworks but also due to rising concerns over health information privacy, security, budget constraints, and siloed data.
This is all about to change with the integration of the Blockchain to Electronic health records. The Blockchain now provides critical privacy and security to enable the gathering and integration of large-scale data at very low costs and the interoperability of Blockchain data with other existing sources.
What do you think? How Big Data can bring a change in the Healthcare industry.