{"id":28484,"date":"2022-02-16T06:00:00","date_gmt":"2022-02-16T14:00:00","guid":{"rendered":"https:\/\/insidebigdata.com\/?p=28484"},"modified":"2022-02-22T11:39:22","modified_gmt":"2022-02-22T19:39:22","slug":"insidebigdata-guide-to-how-data-analytics-is-transforming-healthcare-part-2","status":"publish","type":"post","link":"https:\/\/insidebigdata.com\/2022\/02\/16\/insidebigdata-guide-to-how-data-analytics-is-transforming-healthcare-part-2\/","title":{"rendered":"insideBIGDATA Guide to How Data Analytics is Transforming Healthcare – Part 2"},"content":{"rendered":"\n

Sponsored Post<\/em><\/p>\n\n\n\n

Data-driven healthcare<\/strong><\/p>\n\n\n\n

When the average person imagines cutting-edge medical research, they picture doctors and scientists in white coats surrounded by chemicals, beakers, and specialized equipment. But the truth is that some of today\u2019s greatest medical innovations come from a very different setting\u2014people sitting at computers running analytics software.<\/p>\n\n\n\n

This is no secret to people involved in the healthcare industry, of course. Administrators, physicians, researchers, and students are all aware that data analytics is in the process of transforming healthcare around the world. In fact, a Stanford Medicine report on \u201cThe Rise of the Data-Driven Physician<\/a>\u201d revealed that \u201cnearly three-quarters of all medical students and nearly half of all physicians are planning to pursue additional education in data-oriented such as advanced statistics and data science.\u201d<\/p>\n\n\n\n

In addition, organizations are investing vast sums in analytics technology. Market researchers say that the global healthcare analytics market<\/a> will likely be worth $39.7 billion in 2022 and is increasing at a 19% compound annual growth rate (CAGR).<\/p>\n\n\n\n

Similarly, a Huron Consulting Group report titled \u201cEmbracing Healthcare\u2019s Digital Transformation<\/a>\u201d found that nearly half of healthcare leaders surveyed (47%) are looking to data management and analytical decision making to help their organizations grow.<\/p>\n\n\n\n

However, that same report added, \u201cDigital, technology, and analytics strategies exist for nearly all organizations, yet only 30% have begun to execute on those plans.\u201d<\/p>\n\n\n\n

If your organization is one of the many that is still in the early stages of implementing its big data analytics strategy, you likely still have many unanswered questions. This technology guide, \u201cinsideBIGDATA Guide to How Data Analytics is Transforming Healthcare<\/a>,\u201d sponsored by Dell Technologies<\/a>, provides an overview of some of the trends influencing big data in healthcare, the potential benefits, likely challenges, and recommended next steps.<\/p>\n\n\n\n

Benefits of big data in healthcare<\/strong><\/p>\n\n\n\n

Experts say that analytics can answer just about any question that you are trying to answer, provided you have enough data. As a result, the potential benefits of big data in healthcare are limited only by the imagination of the people thinking up the questions. That said, most healthcare organizations are focusing their big data analytics on answering a few key questions, like \u201cHow can we improve our patients\u2019 health?\u201d or \u201cHow can we make our organization more efficient?\u201d Here are some of the most notable benefits resulting from big data analytics in healthcare:<\/p>\n\n\n\n

IMPROVING PATIENT OUTCOMES<\/em><\/p>\n\n\n\n

The number one goal of most healthcare organizations is to improve the health of the people they serve. Big data analytics is already helping patients lead longer, healthier lives in a number of ways:<\/p>\n\n\n\n