In a report by Frost and Sullivan earlier this year, Hospitals will spend upwards of $11 Billion on data analytics, cloud computing, pharmacy automation, and mobile asset tracking by 2025 in order to keep up with the trend of “smart” healthcare.
Understanding what makes a “smart hospital” is a little bit of a grey area, and Health Industry Analyst Siddharth Shah breaks it down. “Smart hospitals are those that optimize, redesign or build new clinical processes, management systems and potentially even infrastructure, enabled by underlying digitized networking infrastructure of interconnected assets, to provide a valuable service or insight which was not possible or available earlier, to achieve better patient care, experience, and operational efficiency.”
This surge in new health technologies means that the healthcare industry is leading the charge on innovation, and AI-based health solutions are on their way to creating a more inclusive, connected, and comprehensive healthcare experience for all. The potential of partnering tech with human intelligence can only boost this precision and accuracy, and with analytics, healthcare will be able to diagnose and treat health conditions better than ever before.