Big Data Analysis in The Medical Field: A Revolution in The 21st Century

 NEWS    |      2023-03-28


Big data analysis in the healthcare field has improved the accuracy, relevance and speed of data collection.

In recent years, the medical industry has undergone tremendous changes. These include the use of the latest technological advances to meet consumer demand for affordable medical care. Health applications on smartphones, telemedicine, wearable medical equipment, automatic dispensing machines, etc. are all technologies that promote health. Big data analysis in the healthcare sector is a factor that combines all these trends by transforming bytes of unstructured data into important business insights.

According to the International Data Corporation (IDC) report sponsored by Seagate Technology, big data analysis in the healthcare sector is expected to grow faster than financial services, manufacturing, defense, law, or media. According to estimates, by 2025, the compound annual growth rate (CAGR) of medical data analysis will reach 36%. From a statistical point of view, by 2022, the global big data of the medical service market needs to reach 34.27 billion U.S. dollars, with a compound annual development rate of 22.07%.