The Big Opportunity for Big Data in Healthcare

August 16, 2012

Charlie Schick

Ph.D., Big Data Solutions, Healthcare and Life Sciences

Among healthcare executives interviewed for the 2010 IBM Global CEO study, 90% expect a high or very high level of complexity of data over the next five years, but more than 40% are unprepared to deal with it. The volume, velocity and variety of data are outpacing the ability for healthcare organizations to cost-effectively manage it:

• Volume: Data is exploding due to merging organizations, genetic information being merged with clinical data, and more benchmarks for outcomes.
• Velocity: The speed of healthcare data created from patient encounters and patient monitors is increasing, in and out of the clinic.
• Variety: Over 80% of this data is locked up in unstructured formats, such as chart notes or monitoring instruments.

Where does an organization start to build a platform to effectively manage all this data?

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