Healthcare data surge prompts strategic investments in analytics

About 30% of data worldwide is generated from healthcare.

Healthcare generates about 30% of the world’s data at a compound annual growth rate (CAGR) of 36%, highlighting a need for cogent data and analytics strategy.

Deloitte’s “The Great Reassembly” report revealed that leveraging data for the development of new products and services may potentially contribute to the growth of organisations in healthcare.

Healthcare organisations are encouraged to build a solid data and analytics foundation that supports interoperability, with the strategic adoption of cloud-based systems as an example.

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Migrating systems such as enterprise resource planning, data, analytics, and electronic medical records (EMRs) to the cloud offers greater flexibility and interoperability.

Meanwhile, The report mentioned that many healthcare organisations are investing in technology to promote efficiency within administrative and operational teams and ease administrative burdens.

Moreover, advanced analytics such as artificial intelligence (AI) are applied to solve operational problems, demonstrating quicker returns and lesser risks to put new solutions into full-scale production.