Health / Pharma

Value of big data in health care is measured not just in dollars, but in lives

06th Feb `14, 05:45 AM in Health / Pharma

While wait times, access to family physicians and funding formulas make up the bulk of the debate about…

BDMS
Guest Contributor
 

While wait times, access to family physicians and funding formulas make up the bulk of the debate about Canadian healthcare reform, one key to boosting productivity is better use of big data analysis in all aspects of healthcare.

Indeed, the potential for big data to yield better outcomes at lower costs in healthcare is tremendous, and has only begun to be tapped.

The pace, scale and digitization of business in the 21st century have yielded larger and more complex data sets than ever before in all industries, and efforts to analyze and extract meaning from the data have become correspondingly sophisticated.

Big data has the potential to transform a variety of industries, including health care, provided organizations are willing to invest in technology and talent.

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