In recent years, the healthcare industry has been experiencing a massive increase in data generation. The data collected ranges from electronic health records to medical images, wearable technology, and more. Healthcare providers and researchers are now realizing the value of big data in improving patient outcomes and delivering better care. According to the report, the global healthcare analytics market size was valued at $23.51 billion in 2020 and is projected to reach $96.90 billion by 2030, growing at a CAGR of 15.3% from 2021 to 2030. However, managing, storing, and analyzing big data has proven to be a challenge for healthcare organizations. This is where the cloud comes in as a perfect fit for healthcare big data.
Why is the Cloud a Perfect Fit for Healthcare Big Data?
Scalability: Healthcare organizations generate a large amount of data every day. The cloud provides an unlimited amount of storage capacity, making it easier for organizations to store and manage their big data. With the cloud, these organizations can quickly and easily scale up or down as their data storage needs change. It is estimated that by 2025, the global healthcare data volume will reach 2314 exabytes, up from 153 exabytes in 2013.
Accessibility: Healthcare providers and researchers need access to patient data at any time and from anywhere. The cloud provides them with the ability to access their data from any device with an internet connection. This makes it easier for healthcare professionals to collaborate, share information, and make decisions in real time.
Security: Healthcare data is sensitive and must be protected from unauthorized access. The cloud provides a secure environment for storing and managing sensitive data. Cloud providers typically have multiple layers of security, including firewalls, encryption, and access controls. This ensures that patient data is protected from cyber threats and data breaches. A report by the Ponemon Institute found that the average cost of a healthcare data breach is $7.13 million, highlighting the importance of cloud-based security solutions.
Cost-effective: Managing big data can be expensive for healthcare organizations. The cloud provides a cost-effective way to store, manage, and analyze big data. These organizations can benefit by reducing infrastructure costs, scaling and sharing resources, paying only for what they use, faster implementation, and reduced maintenance costs. These benefits can help organizations better manage their IT budgets and invest more in patient care and other critical areas.
Faster Analysis: With the cloud, healthcare organizations can quickly analyze their big data to gain insights and make informed decisions. Cloud providers offer tools for data analytics, making it easier for healthcare professionals to gain insights into patient health outcomes, identify trends, and improve patient care.
As the healthcare industry continues to generate more data, we can say cloud-based solutions will become increasingly important in managing and analyzing this data. Organizations that adopt cloud-based solutions will be better positioned to improve patient care, enhance clinical outcomes, and drive innovation in the healthcare industry.