1. Cutting down on waste. Waste is rampant in healthcare and everyone knows it, hence the slew of vendors and consultants offering solutions to cut costs and boost efficiency. Healthcare is a data-rich environment, and big data offers the opportunity to structure this information and put it to work. Big data would play a significant role in reducing waste in the industry, according to the report.
2. Customized medicine. Big data and resultant predictive analytics will offer healthcare providers the ability to make customized care solutions. Big data will give providers insight into both individual patients’ needs and needs of the larger population.
3. The Internet of Things. Though healthcare has lagged behind many other industries when it comes to technology, the Internet of Things has already come to the medical field. Wearables are gathering patient data every day. Healthcare providers will need to find ways to utilize that data to gain further insight into the populations they are serving.
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