By now, most of us have read lots of articles about IoT enabling healthcare professionals to monitor patients’ conditions. Devices strapped onto or even embedded in patients feed a continuous stream of data that can alert healthcare professionals to an impending heart attack, stroke or other potential incident.
And it’s true, the ability to monitor a patient 24/7/365 provides an unprecedented quantity and quality of data that improves diagnoses and care.
But as important are the contributions IOT ANALYTICS are making behind the scenes. IoT technology enables to better manage equipment and inventory, ensuring the right equipment and medications are always available. Today, many hospitals overstock certain types of inventories to avoid running out at a critical time – this is just one of many wasteful practices that IoT obviates. Sensors and mobile scanning technology integrated with cloud infrastructure can help healthcare operations teams better track these assets and ensure healthcare organizations avoid overbuying inventory.
Many healthcare organizations are realizing the potential of IoT technology and analytics. Tata Consultancy Services in a recent REPORT estimates that the IoT for healthcare market will be worth $117 billion by 2020.
Improved integration of data generated by diagnostic and treatment equipment is another area where IoT analytics is improving the efficient, accurate and timely delivery of healthcare. Equipment such as MRI and dialysis machines have traditionally operated as standalone systems. Today, they are ubiquitously connected and sending back complex data, that when mined accurately, can reveal important business intelligence insights – which in turn can be used to perform predictive maintenance and ensure they are performing optimally at all times.
So what needs to happen for healthcare IoT to go mainstream more rapidly? We believe there are three critical factors for success: Employees have to change the way they think about treating patients and managing patient data. Healthcare organization leadership must lead the charge and make the necessary investment in time and budget. And, these organizations must deploy, test and maintain the necessary technology to make the benefits of IoT analytics a reality.
Are you involved in healthcare technology, we’d like to hear your thoughts.