The past decade has seen path-breaking innovation in the Healthcare domain, powered by technological advancements. With the COVID-19 pandemic taking over most of the year gone by, the importance of a well-run Healthcare business cannot be overstated! The Healthcare IT market is growing and is on pace to be worth $390 billion by 2024 with the USA’s Healthcare spending projected to cross $5 trillion by 2025.
Enterprise solutions have become intelligent and some of the biggest IT service and product development partners are constantly in pursuit of value-adding solutions such as data analytics for healthcare to address the complex nature of the Healthcare industry. While some of the technologies are already changing the industry for the better, in this blog, we try to highlight some of the trends that will dominate in 2021.
1. Data Stories & Visualization
Hospitals and diagnosis centers collect more data than any other domain. Making sense of the available data to extract key insights is one of the reasons why businesses are heavily investing in a Data Analytics & Visualization Platform that will enable the stakeholders to seamlessly understand the hidden trends and patterns. Gone are the days when data was presented in the form of numbers and graphs, today, users can leverage data to create data stories that empower the stakeholders to make informed decisions. Data visualization platform such as Tableau and ITLytics are industry-leading solutions that are being leveraged by Healthcare organizations to create meaningful visual stories that encourage data-driven decision-making.
2. 3D Printing
The global 3D printing market has just entered the boom and the possibilities of leveraging this technology to elevate Healthcare & Medical sciences are countless! 3D technology has played a crucial role in medical science. For many years, students, doctors, and researchers have leveraged the technology to visualize anatomy and improve the understanding of the complexities in different organs. Experts are already predicting that for the upcoming decade, 3D printing is going to witness significant growth, especially with the advancement in 3D printed prosthetics that help in providing a more accurate and customized version for each individual. Today, medical equipment manufacturers have also realized the potential business growth in personalized surgical tools that enables surgeons to easily navigate through difficult implantations and incisions.
3. Internet of Things (IoT)
Early adopters of IoT technology are already reaping benefits that have a massive impact on the business. The healthcare sector too has many use cases and advantages of data collected from connected devices. For hospitals and diagnostic centers, tracking different medical equipment has made it easier for the stakeholders to ensure everything is where it's supposed to be. Knowing how many wheelchairs, defibrillators, scales, etc are currently being used and how many are available for patient care, enables the employees to stay focused on tasks that need urgent attention. Similarly, doctors are also leveraging IoT to analyze data collected from wearable(s) to easily monitor the patient's health in real-time and address concerns as soon as there are any abnormal anomalies.
ITCube is a global IT service and product development firm with vast experience in deploying path-breaking solutions for Healthcare organizations. ITLytics is a feature-packed data visualization platform that enables stakeholders to optimize operations and enhance employee productivity.
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