Healthcare Industry: Embracing Potential of Big Data across Value Chain

ABSTRACT

In the fast-moving era of the Industrial Revolution (Industry 4.0), digitally fueled devices and technologies are paramount for driving innovation and creating values across a myriad of industries. A case in point is - Healthcare Industry. Healthcare insurance companies, hospitals, and other providers around the world are belligerently leveraging digital tools and technologies such as Big Data analytics, Lake, Machine Learning, Artificial Intelligence, Internet of Things (IoT), Natural Language Processing, smart sensors, and the Internet of Things (IoT), for improving the overall quality of care and overall process efficiency and effectiveness. The Healthcare industry has been a center of discussion for embracing Big Data practice across the value chain for the past couple of decades due to the prodigious potential that is concealed in it. With so much abundant information, there have been numerous provocations related to the apiece stage of maneuvering big data that can only be amplified by leveraging high-end computer science results for big data analytics, as mentioned above. Well-organized healthcare ecosystem, analysis, and magnification of big data can influence the course of the game by opening new paths in terms of offering unique yet innovative products and services for the modern age technology-propelled healthcare value chain. This paper emphasizes the impetus of Big Data across the healthcare value chain, which involves the amalgamation of technology, data, and business, yielding better decisions and improving the experience across all touch points. © 2022 IEEE.