The healthcare analytics market is expected to reach USD 29.84 Billion by 2022 (Source)
Over two-thirds of healthcare decision makers consider analytics among their top 3 priorities (Source)
The timely and right analysis of the data available in the form of patient health records, lab tests, medical images, genetic profiles, liquid biopsies, electrocardiograms, etc. is helping healthcare professionals make better, faster and more timely decisions. It helps healthcare organizations achieve improved health outcomes, decrease errors, reduce remission rates, improve hospital operational performance, and drive better patient engagement.
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According to McKinsey Global Institute, widespread adoption of Big Data Analytics could increase GDP of manufacturers and retailers by $325b, by 2020.
For 2020, the installed base of Internet of Things devices is forecast to grow to almost 31 billion worldwide. By 2020, there will be 50 billion+ connected devices
A recent Gartner survey showed that 59% of organizations are still gathering information to build their AI strategies, while the remainder have already made progress
Global spending on the business intelligence (BI) and analytics software is forecast to reach $22.8 billion by 2020 if it continues the present CAGR of 7.5%