Search
Close this search box.
Search

Big Data, AI, IoT have biggest impact on healthcare in 2017

Big data technologies, like artificial intelligence and the Internet of Things will havethe biggest impact on healthcare delivery and investment in 2017. That is the outcome of a new Silicon Valley Bank survey among 122 health IT company founders, executives, and investors. Though big data will continue to be a primary driver of innovation in the healthcare industry, it may run into adoption challenges and regulatory hurdles in the near future.

Forty-six percent of participants believe that big data will have the greatest impact on healthcare over the next year, followed by 35 percent who believe artificial intelligence (AI) will be a major game-changer. Almost 15 percent say the same about IoT (Internet-of-Things). The percentages then drop fast, with 2.46 percent of all respondents seeing augmentend (AR) and virtual reality (VR) having a big impact and 1.46 saying this about robotics.

Interlocking technologies

In many ways technologies like big data and AI interlock. AI tools and platforms (like IBM Watson, Google Deepmind) may have a broad range of applications across the healthcare spectrum, including patient engagement and customer relations, chronic disease management, clinical decision support, and sophisticated big data mining and analytics for diagnostics, population health management, and financial modeling.

Segments that profit

When it comes to segments that will profit the most from te impact of new technoloy, forty-five percent of respondents believe healthcare delivery and IT projects will see the most growth in 2017. Eighteen percent think telemedicine is ripe for a boost in the next twelve months, and 13.93 percent are betting on the growth of biopharma.

Perhaps surprisingly, website healthitanalytics writes,  fewer participants see much potential in the technologies underpinning the IoT.  Just 8.2 percent chose mobile health apps as their primary area of growth, with 6.56 percent choosing wearable devices.

A reason for this might be that 36.89 percent of participants believe that consumer and patient adoption will be the biggest challenge for the big data industry in the next year.  Despite significant ongoing interest in consumer-grade wearables like FitBit and the Apple Watch, providers and patients have both struggled to integrate IoT tools into the clinical decision making process. Also the reliability, security, and speed of IoT data are beeing questioned. Respondents expressed uncertainty about how to ask meaningful questions and get useful replies.

Proven versus unproven

So instead of betting on – at least in healthcare relatively unproven technologies like wearables and the broader IoT, respondents to the Silicon Valley Bank survey name Technologies that have proven themselves already.  Over a third of participants said that promising big data tools are likely to bear fruit for during 2017, and will have the largest impact on how investors divvy up their available funds.

In contrast, just 17.21 percent believe that the development of new technologies will drive healthcare investment decisions.  Approximately 22 percent believe that regulatory and policy issues, will sway the investment community.

Download the Silicon Valley Bank Survey here

Whixx

ICT&health World Conference 2024

Experience the future of healthcare at the ICT&health World Conference from May 14th to 16th, 2024!
Secure your ticket now and immerse yourself in groundbreaking technologies and innovative solutions.
Engage with fellow experts and explore the power of global collaborations.

Share this article!

Read also
How to introduce innovation and AI in healthcare organizations if there is no business model for prevention and quality – Our interview with Professor Ran Balicer, the Chief Innovation Officer at Clalit Health Services and founding Director of Clalit Research Institute.
I see no legitimate rationale for delaying the digital transformation in healthcare
Pioneering Cardiac Arrest Detection for Enhanced Survival.
CardioWatch Revolutionizes Cardiac Arrest Detection
Dr. Oscar Díaz-Cambronero, Head of Perioperative Medicine Department at La Fe Hospital, spearheads innovative telemonitoring initiatives revolutionizing patient care
Smartwatches Saving Lives Inside and Outside the Hospital
EIT 2024
EIT Awards 2024. Two European startups are revolutionizing the treatment of cardiovascular diseases
Bertrand Piccard, Swiss explorer and founder of the Solar Impulse Foundation
EIT Summit 2024. What are the trigger points that drive or inhibit innovation?
MMC pioneers wireless monitoring for premature infants with the innovative Bambi Belt, revolutionizing care with improved comfort and mobility.
Wireless Monitoring of Vital Signs in Premature Infants at Máxima MC
Doximity_edited
Innovation Adoption: How to Traverse The Valleys of Death
Data protection-critical incidents resulting from human error are often rooted in stress, routine, negative attitudes toward IT, and deficits in employees' identification with the healthcare facility.
How cyberpsychology helps prevent human errors leading to data leaks
What technologies will enter our homes in a few months? ICT&health checked it out at the CES 2024.
CES 2024: Meet the exciting innovations for health and well-being
An article on a new study on e-health assessment tools
eHealth success lies at the intersection of technology, people, and organization
Follow us