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THE IMPACT OF BIG DATA ON THE HEALTHCARE INDUSTRY

April 06, 2020 / NA
SHARESHARESHARE

Big Data in Healthcare essentially refers to the vast quantities of clinical, patient, consumer, and physical data (collecting, analyzing and leveraging) that is too complex or huge to be understood by traditional data processing tools.Solving the problem of how to collect all the data and quickly analyze it to produce actionable insights, Big Data technologies allow healthcare organizations to be able to consolidate and analyze these massive data sets in order to discover trends and make more accurate predictions.The rapid rise of healthcare Big Data is largely the outcome of the complete digitization of healthcare information. Apart from this, the advent of value-based care is also pushing the healthcare industry to use data analytics and Big Data to make strategic business decisions.Traditionally, the challenges faced by healthcare data were at four different levels- volume, velocity, variety, and veracity –that have prompted health systems to adopt advanced technology capable...