By| Published: December 26th, 2015
Today, there is a vast amount of data generated and collected by a multitude of agents in health care…. Before this huge data, simply put as ‘big data’ gets spiral out of control. It is necessary to connect and correlate relationships, hierarchies and multiple data linkages of such data.
Well! Big data helps to make better sense of changing health care environment.
How does it help?
Well! The more the data you can have the more chances of analysing accurately the trends or patterns in health care. Such accurate analysis leads to confident decision making which inturn leads to greater operational efficiencies, cost reductions and reduced risks. All these are a sure signs to ‘progress’.
There has been a lot of buzz about “big data” over the last few years. A total of 2.5 quintillion terabytes of data were generated every day in 2012 alone, and it is estimated that as much data is now generated in just two days as was created from the dawn of civilization until 2003. While other industries have been far more successful at harnessing the value from large-scale integration and analysis of big data, health care is just getting its feet wet. Yes, providers and payers are increasingly investing in their analytical capabilities to help them make better sense of the changing health care environment, but it is still early days. Here are some key elements that are crucial for health care to truly capture the value of big data, Integrating data, Businesses and even political campaigns have successfully linked disparate data sources to learn “everything possible” about their citizens, customers, and clients, and apply advanced analysis and computation to modify existing strategies or create new ones. Similarly, leveraging heterogeneous datasets and securely linking them has the potential to improve health care by identifying the right treatment for the right individual or subgroup. One of the first changes we face is the lack of standardization of health care data. The vast amount of data generated and collected by a multitude of agents in health care today comes in so many different forms — from insurance claims to physician notes within the medical record, images from patient scans, conversations about health in social media, and information from wearables and other managing devices.