In the fast-growing dynamic market scenario, data is a very crucial part for each company across all the industries, especially in the healthcare sector. The healthcare organizations need to manage patient care and foster innovative care solution for better healthcare outcomes. In this regard, the industry slowly comprehends the significance of promising technologies and receiving the maximum return from the data which is produced through patient admission, insurance claims, patient health history, and the current medication procedure. They are slowly shifting from traditional systems to emerging technologies like data analytics, particularly Big Data analytics that is transforming the entire course of the healthcare space.
Due to a large number of adoption of electronic health records (EHR), workforce management solutions and practice management tools, the Global Big Data Market is predicted to worth USD 68.03 by 2024. Implementation of Big Data in the healthcare sector can foster the growth of preventative care, create a solution to envisage epidemics, boost up the quality of life, expand the reach of preventable care, as well as to detect the potential warning signs. By utilizing big data analytics, physicians can analyze the patients’ vitals such as heart rate, exercise, sleeping condition, etc. With these gains, they can receive significant information on key parameters like monitoring patients’ pulse rate, blood pressure, sugar levels, and more that can assist them to deploy preventative care solutions.
Big Data solutions allow informed decision-making process in addition to helping cut down medical costs by envisaging the cost of a procedure with respect to staff allocation. This can assist healthcare organizations to efficiently plan their resources and shrink the rate of investment. The care providers can receive significant database if all the patient health records are digitized that will help in recognizing the patient approaching the healthcare center on a daily basis. Moreover, it can assist them prioritizing high-risk patient by providing superior and customized care to patients.