Big data in Medicine

In healthcare, the phrase “big data” refers to the enormous amounts of information generated by digital technology that gathers patient records and aid in the management of hospitals that are otherwise too large and complicated for conventional technologies.

Healthcare companies should make significant investments in big data to improve patient outcomes, reduce costs, and increase efficiency across all departments. More importantly, big data will enable doctors and hospitals to provide more focused treatment with improved outcomes.

The worldwide Big Data Analytics in the Healthcare market is expected to reach USD 20910 million by 2027, up from USD 8965.4 million in 2020, a 12.4 percent compound annual growth rate (CAGR) over 2021-2027.