By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Cool Facts About Big Data in Healthcare
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Cool Facts About Big Data in Healthcare
BusinesseHealthTechnology

Cool Facts About Big Data in Healthcare

David Avitabile
David Avitabile
Share
2 Min Read
SHARE

Big_Data

Big_Data

We are at a tipping point in the developed world where our ability to generate, analyze, interpret and act upon data is transforming multiple industries, governments and societies. Big Data is big business. In healthcare, Big Data holds enormous promise, and we’re already seeing its impact in areas such as precision medicine, biopharmaceutical R&D productivity, mobile health, telemedicine and more.

Just how big is Big Data today? Consider these impressive statistics:

More Read

“How to Hack Healthcare” hosted by HIMSS
Platforms vs. Products in Connected Health
Here Are the Best Ways to Promote Your Business at the Next Health and Wellness Expo
Are We About to Face a Severe Doctor Shortage?
Are Doctors Sued Enough for Medical Malpractice?
  • It took ten years to decode the human genome. Today a human genome can be decoded in about one week
  • According to McKinsey & Company, widespread application of Big Data in healthcare could account for $300 billion to $450 billion in reduced health-care spending
  • The utilization of Big Data anaylitics could reduce pharmaceutical R&D costs by as much as $70 billion
  • In 2001 it cost $300,000,000 to decode the human genome. Today, thanks to Big Data, the cost is $1,000. Soon it could be as low as $100
  • In 2012, the Obama administration announced $200 million in R&D investments for Big Data related projects
  • Venture capital funding for healthcare technology firms increased 176% in 2014, with the majority of investment going to data analytics companies
  • Preventive medicine is one of the biggest areas of impact for Big Data in healthcare, thanks to the combination of electronic health records, wearable devices, mobile health apps and the Internet of Things
  • The biggest technology companies in the world, including Apple, Microsoft, Google, Siemens, GE and Oracle, have all invested in developing Big Data solutions for healthcare

The era of Big Data analytics in healthcare is in full swing. Healthcare costs, pharmaceutical R&D productivity, precision medicine and preventative medicine are all areas where Big Data will continue to have an enormous impact.

 

TAGGED:big data
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

smart technology healthcare
BusinesseHealthMobile HealthTechnology

Who’s Who of Health Care Join Forces for SMART Technology

June 4, 2014

Marketing Home Health Care: A Major Opportunity in the United States

November 13, 2014

Support Critical When Treating Mental Health

May 1, 2013
Image
eHealthMedical RecordsNews

Interoperability Unbound: CommonWell Health Alliance Unveiled at HIMSS

March 5, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?