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Big Data in Healthcare Market – Global Industry Insights, Trends and Opportunity Analysis, 2016-2024Industrial processes, functioning, products and services are transforming with digitization. Advent of e-commerce industry has resulted in a sudden outgrowth of data being generated with the companies. Similarly, with decades of research and development activities across healthcare industry, there is a huge amount of data, referred as “big data”, piled up with host organization. Optimum utilization of this data for reducing cost, providing targeted products and services and avoiding duplication of work is essential. Big data solution helps simplifying, and analyzing the complex, and diverse data which cannot be done with conventional software and hardware. Moreover, such kind of data cannot be managed with trivial data management tools and methods. Various tools such as Pentaho, Hadoop, Cloudera, and MongoDB are available in the market. These tools help in data cleaning, mining and analyzing of big data. There are also various data visualization tools such as Tableau, Silk and Chartio which helps in presenting the data in more convenient and readable form. Big data helps healthcare companies to mitigate the risk of losing millions of dollars in revenue and profits through their conventional strategic decision making methods. The global big data in healthcare market can be segmented on the basis of application, type of analytics, delivery model and end-users. Ask for TOC of this report @ https://www.coherentmarketinsights.com/ongoing-insight/toc/16 • Big Data in Healthcare Market, by Type o Descriptive Analytics o Predictive Analytics o Prescriptive Analytics • Big Data in Healthcare Market, by Application o Clinical Analytics o Financial Analytics o Operational and Administrative Analytics o Population Health Analytics • Big Data in Healthcare Market, by Delivery Model o On-premise o On-demand • Big Data in Healthcare Market, by End User o Payers o Providers o Third party care Organizations Pharmaceutical companies, payors and experts are using big data analytics/solutions to analyze and obtain insights. Based on the insights from big data solution, different recipients can make improved decision to improve their product or services. Get more information @ https://www.coherentmarketinsights.com/ongoing-insight/Big-data-in-healthcare-market-16 Dearth of Skilled Manpower to Limit the Growth of Big Data in Healthcare Although, the market is huge in the developed nations, particularly in the U.S., dearth of talented and skilled personnel trained for analyzing big data will limit the growth of this market in North America. Moreover, factors such as decreasing profit margins, slowdown in the global economy, and lack of skilled manpower is challenging the growth of big data implementation in the healthcare industry. Some of the regulatory challenges of big data in healthcare include data fragmentation, security, standards, timeliness and healthcare as a technology hazard. Therefore, big data solutions need to take care of the regulations laid by the Health Insurance Portability and Accountability Act of 1996 (HIPAA). These factors are highly encountered in developing economies of Asia Pacific and Latin America due to resistance to adopt new technology. Where companies are combating with increase cost pressure, implementation of costly systems with the dearth of skilled manpower doesn’t encourage companies to opt for big data solutions. However, improving IT infrastructure in developing economies will be a major contributor for the demand for big data. Fragmented Market There are many small and global players offering big data softwares and services. The small regional players offer big data services at a much lower cost which creates a tough situation for the global companies to gain leading share in different markets. Being a fragmented market, the cost, services and insights provided by the market players will differentiate one form the other. Some of the key companies in the global big data in healthcare market include Hewlett-Packard Co., Teradata Corporation, Opera Solutions, Cognizant Technology Solutions, Siemens Healthcare Gmbh, Mu Sigma, Splunk Inc., Cloudera, EMC, IBM, Calpont Corporation, and Oracle Corporation. ABOUT COHERENT COMPANY OVERVIEW Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future. CONTACT US Coherent Market Insights 303, Astral Court, Above Reliance Fresh, Near Gaikwad Petrol Pump, Aundh, Pune – 411045, India. [email protected] As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |