How Big Data Analytics Improving Healthcare Industry?

Day-by-day, advancements in the technology providing amazing solutions to benefit various organizations. The advent of software’s and applications have made it easy to do the tasks efficiently. The last decade has witnessed major advances in the amount of data that is regularly generated and collected in almost everything including the human ability to understand, analyze, and use technology. These trends have together resulted in the emergence of the field of ‘Big Data’.

Big Data has rapidly made its way into a wide range of industries, healthcare is one such huge industry that is experiencing a major data transformation through the use of advanced analytics and big data technologies. Moreover, those actually working with data structure in healthcare organizations are beginning to see how the advent of the technology is powering the future of patient care. It has been well identified that, by recording disease outbreaks and analyzing disease patterns, big data analytics approach can improve public health concerns.

Promises of Big Data in Healthcare for Future

Not only today, but big data analytics are creating various future opportunities for healthcare organizations. In short, big data analytics has paved a new path for healthcare organizations to devise actionable insights, boost up the outcomes, reduce time to value, and organize their future vision. Here, I would like to share information on 3 big data trends in healthcare for the coming years;

Patient Centric Care: The focus on value-based care corresponds with an increased focus on patient-centric care. Health payers such as insurers and public health systems are in the early stages of shifting from fee-for-service compensation to value-based data-driven incentives that reward high quality, cost-effective patient care and validates meaningful use of electronic health records. This approach requires significant developments in reporting, claims processing, data management, and process automation.

Healthcare Internet of Things: It has been reported that spending on healthcare IoT could top $120 billion in just four years. One of the major fact observed is data created by the healthcare IoT is of unstructured variety, creating a major role for Hadoop and advanced big data analytics working within the Hadoop framework.

Reduces Frauds: Big data analytics can be a game changer for healthcare fraud. It provides the key to detecting fraud is the ability to store and to analyze large unstructured datasets of historical claims and to use machine learning algorithms to detect irregularities and patterns.

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