The firstly introduced the Third-party Logistics (3PL) basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.
Big data is a term used to describe complex or large data sets that include and incorporate several new types of data and data management along with traditional data. In today’s world, data volumes havle increased like never before in healthcare IT due to adoption of various e-Health, m-health, and wearable technologies in the industry.
Thus, many research labs, hospitals, and clinics are using big data technologies to reduce overall healthcare costs. Following are the top three big data trends in healthcare:
Today’s healthcare systems are focusing on improving patient outcomes and supporting improved payment structures. Insurers now prefer data-driven, value-based payments that reward cost-effective and high-quality patient care over conventional fee-for-service models.
Healthcare and IoT (Internet of Things)
The IoT is a network of Internet-connected devices that monitor all kinds of patient behavior right from glucose levels to blood pressure and heart functions. Sometimes, data gathered by these devices need follow-up visits with doctors. However, smart devices could change this process by eliminating the need for clinic visits. An example of this could be smart medicine dispensers. These dispensers can detect whether a patient is taking medicines on a regular basis; if not, the machine can send a reminder to patients by initiating phone calls.
Real-time Patient Monitoring
Various healthcare facilities are offering more proactive patient care by regularly monitoring crucial signs. A real-time analysis of data from these monitors is done and if the condition of a patient shows any changes, a care giver is informed about the same.
As per a recent report made available by Radiant Insights, Inc., the global big data in healthcare and pharmaceutical market is estimated to witness a strong growth rate during the forecast years (from 2017 to 2030). In the healthcare and pharmaceutical industry, several academic and research institutes are experimenting with big data. These institutions are also incorporating various big data technologies in their advanced research projects.
Absolutdata Research and Analytics; The Apache Software Foundation (ASF); Advanced Micro Devices, Inc. (AMD); 1010data, Inc.; Datawatch Corp.; and American Society for Testing and Materials (ASTM) are some of the leading companies operating in the global market.
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