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Healthcare trends increase dependence on data

Anuradha Shukla | Dec. 10, 2014
Regulatory compliance to drive data growth, according to IDC-EMC report.

Key healthcare trends will increase the growth and dependence on data, according to a new IDC report sponsored by EMC.

Data growth will be driven by regulatory compliance as regulations dictate how long healthcare providers must maintain patient data.

The healthcare industry has an annual growth rate of 48% and is one of the fastest growing segments in the Digital Universe.

50% of health systems will operate on second-generation EHR technology by 2020.

"The existing healthcare model as we know it will shift from a one-to-one to mass model, requiring increased efficiencies that software-defined technologies can truly deliver," said Judy Hanover, research director, IDC. "Only organisations that can leverage these information-driven technologies will stay one step ahead of the game - harnessing data-driven insights at lower costs to capture a wide variety of benefits, including improved drug discovery, population management and business intelligence."

Shortfall of physicians

There will be a shortfall of 20,400 physicians in the U.S by 2020 despite increased patient expectations for treatment options and speed of delivery.

Aging and population growth also increases demand for healthcare services and these two factors will account for 81% of growth in healthcare demand between 2010 and 2020.

The report also indicates that 57% of all healthcare data is useful if tagged and analyzed.

Looking forward, IT will be important for the success of the healthcare industry.  The healthcare industry should leverage IT to operationalize compliance, data backup and recovery strategies. 

"The existing healthcare model as we know it will shift from a one-to-one to mass model, requiring increased efficiencies that software-defined technologies can truly deliver," said Judy Hanover, research director, IDC. "Only organisations that can leverage these information-driven technologies will stay one step ahead of the game - harnessing data-driven insights at lower costs to capture a wide variety of benefits, including improved drug discovery, population management and business intelligence."

 

 

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