Big Tech Is Knocking on Hospital Doors; It ' s All About the Data

Fortune magazine recently published a long article about the escalating interest on the part of Big Tech in the enormous cache of data controlled (managed?) by large health systems (see:Tech's Next Big Wave: Big Data Meets Biology). Below is an excerpt from it. This is only a small fraction of the article so navigate to it if you are interested in the topic:...[T]here ’s a...powerful catalyst [for Big Tech's interest in healthcare] —one so gargantuan and infinitesimal at the same time that it sounds like the answer to a riddle. And that’s data. More specifically, it’s your data: your individual biology, your health history and ever-fluctuating state of well-being, where you go, what you spend, how you sleep, what you put in your body and what comes out. The amount of data you slough off everyday —in lab tests, medical images, genetic profiles, liquid biopsies, electrocardiograms, to name just a few—is overwhelming by itself.Throw in the stuff from medical claims, clinical trials, prescriptions, academic research, and more, and the yield is something on the order of 750 quadrillion bytes every day —or some 30% of the world’s data production. These massive storehouses of information have always been there.But now, thanks to a slew of novel technologies, sophisticated measuring devices, ubiquitous connectivity and the cloud, and yes, artificial intelligence, companies can harness and make sense of this data as never before.“It ’s not the data,” says...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Electronic Health Record (EHR) Healthcare Information Technology Hospital Executive Management Lab Information Medical Research Pathology Informatics Source Type: blogs