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Internet of Things (IoT)
This is extremely important for gaining new insights and knowledge on various issues
in health care. For example, to study a patient’s response to a specific therapy or drugs,
traditionally, health care providers study different samples taken from the patients. These
samples sometimes are not up to the required standard to derive a clear conclusion. But,
the IoT has made it possible for the first time to collect real-time data from unlimited number of patients for a definite period of time through connecting devices. It is anticipated
that it will also improve health care services for people in remote locations as monitoring
systems provide a continuous stream of data that enables health care providers to make
better decisions. IoT is gaining momentum among health care providers and the IT sector
in emerging as a major technology trend for improved health care.
8.6.4 The Future of IoT in Health Care
According to market researchers like Gartner and McKinsey, the IoT will “add $1.9 trillion
to the global economy by 2020,” or it will have a “potential impact of $2.7 to $6.2 trillion by
2025.” This shows that the market for IoT is rising and gaining popularity in the United
States, especially after President Obama’s comments on health care industry that the
“nation should create a Smart Manufacturing infrastructure and approaches that leads
operators make real-time use of ‘big data’ flows from fully instrumented plants.”
IoT has been identified as one of the fast emerging technologies in IT according to Gartner‘s
IT Hype Cycle which shows the emergence, adoption, and maturity of specific technologies, and their impact on applications. It has been predicted that it will take 5–10 years for
a widespread market adoption of IoT. The IoT revolution which has arrived in health care
and medicine is making a strong impact on health care systems worldwide. New types of
sensor technology, rapidly growing data analytics, and the new health care structures are
formed due to the outbreak of IoT. The health IoT has a tremendous potential to create a
more revolutionary archetype for health care industry if developed on a privacy/security
model. In addition, it will have a major impact on health economy in the near future.
8.7 Stages of Transforming Raw Data into Meaningful Analytics
Understanding the tools and data acquisition from IoT devices, analysts need to transform
data into the required format to infer knowledge from it. Any type of data, including
health care data, goes through three stages before an analyst can use it to achieve sustainable, meaningful analytics which is shown in Figure 8.12.
1. Data capture
2. Data provisioning
3. Data analysis
Stage 1: Data Capture
An analyst’s job is impacted by the way people, processes, and devices produce and capture data. These three entities are responsible for the appropriateness of the data—did
they capture the right stuff? discreteness—did they capture it in the right format? and ease
of data extraction—was the data captured in an accessible way?
Internet of Things (IoT)
This is extremely important for gaining new insights and knowledge on various issues
in health care. For example, to study a patient’s response to a specific therapy or drugs,
traditionally, health care providers study different samples taken from the patients. These
samples sometimes are not up to the required standard to derive a clear conclusion. But,
the IoT has made it possible for the first time to collect real-time data from unlimited number of patients for a definite period of time through connecting devices. It is anticipated
that it will also improve health care services for people in remote locations as monitoring
systems provide a continuous stream of data that enables health care providers to make
better decisions. IoT is gaining momentum among health care providers and the IT sector
in emerging as a major technology trend for improved health care.
8.6.4 The Future of IoT in Health Care
According to market researchers like Gartner and McKinsey, the IoT will “add $1.9 trillion
to the global economy by 2020,” or it will have a “potential impact of $2.7 to $6.2 trillion by
2025.” This shows that the market for IoT is rising and gaining popularity in the United
States, especially after President Obama’s comments on health care industry that the
“nation should create a Smart Manufacturing infrastructure and approaches that leads
operators make real-time use of ‘big data’ flows from fully instrumented plants.”
IoT has been identified as one of the fast emerging technologies in IT according to Gartner‘s
IT Hype Cycle which shows the emergence, adoption, and maturity of specific technologies, and their impact on applications. It has been predicted that it will take 5–10 years for
a widespread market adoption of IoT. The IoT revolution which has arrived in health care
and medicine is making a strong impact on health care systems worldwide. New types of
sensor technology, rapidly growing data analytics, and the new health care structures are
formed due to the outbreak of IoT. The health IoT has a tremendous potential to create a
more revolutionary archetype for health care industry if developed on a privacy/security
model. In addition, it will have a major impact on health economy in the near future.
8.7 Stages of Transforming Raw Data into Meaningful Analytics
Understanding the tools and data acquisition from IoT devices, analysts need to transform
data into the required format to infer knowledge from it. Any type of data, including
health care data, goes through three stages before an analyst can use it to achieve sustainable, meaningful analytics which is shown in Figure 8.12.
1. Data capture
2. Data provisioning
3. Data analysis
Stage 1: Data Capture
An analyst’s job is impacted by the way people, processes, and devices produce and capture data. These three entities are responsible for the appropriateness of the data—did
they capture the right stuff? discreteness—did they capture it in the right format? and ease
of data extraction—was the data captured in an accessible way?