IDC predicts healthcare organizations will shift to next level digital transformation, like artificial intelligence and data excellence, in the next five years.
In the next five years, healthcare and life science organizations will focus on the next level of digital transformation, including artificial intelligence and advanced data analytics implementation, according to a recent IDC FutureScape report.
“The 2020 worldwide health industry predictions highlight the evolution of healthcare and life science organizations in the race to becoming future enterprises,” said Mutaz Shegewi, research director at IDC Health Insights.
Adoption of artificial intelligence (AI) in healthcare is extremely vital, especially to decipher opportunities and implications in augmenting talent and humanity. IDC predicts that 30 percent of health and life science organizations business and clinical decisions will be informed by AI insights in the near future.
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Organizations worldwide are currently investing in AI in order to automate work. Human-machine collaboration and AI-driven insights from diverse data sets including electronic health records, lab tests, medical imaging, clinical research studies, and other sources can assist in diagnosis and provide personalized treatment options at the patient level, the report emphasized.
IDC predicted that human-machine collaboration and AI-driven interfaces will revolutionize the future of work in one of three health systems and hospitals by 2023. The worldwide spend on AI for diagnosis and treatment functions is growing at a CAGR of 24 percent and is expected to reach 4.9 billion by 2023, according to the report.
IDC also predicted that by 2021, healthcare organizations that will leverage technology to integrate all dimensions of health to deliver personalized care will grow to only 50 percent. In addition, a recent IDC survey found that just over 55 percent of US payers and providers indicated they received quantitative benefits from their at-risk contracts. Healthcare systems need to address a full spectrum of individual needs that “include integration of behavioral and social/human service with clinical care.”
A key to successfully improving clinical outcomes is the ability to enable changes in patient behavior, especially those with chronic conditions. Coordinated care can help with the flow of data integration across different domains, which creates easier access to care. But success hinges on the right technology.
Organizations realize the importance of being data driven, especially having the right data at the right time. Specifically, IDC predicted that 20 percent of healthcare and 30 percent of life science organizations will have achieved data excellence via advanced data analytics and intelligent cores that support human-machine collaboration by 2020.
Data excellence is vital for effectively responding to the digital era challenges, and is an endeavor to harmonize and treat data as an asset with “particular attention to data management and quality, toward enabling intelligent capabilities and inimitable differentiation.”
A key challenge for data excellence is ensuring IT capabilities and all aspects of security governance and compliance are in place enterprise wide and are continually improving, according to the report. IT staff and systems will play a prominent role in shaping data that maintains the highest quality, privacy, and for appropriate use in clinical and operational use cases.
Although data excellence presents as a challenge, it proves to have a widespread impact that supports the collaboration between humans and machines.
Researchers also voiced predictions for health plans and pharmaceutical companies. For example, more than 50 percent of pharmaceutical and biotech manufacturers will employ prescriptive analytics or AI using IoT data to optimize their supply chains by 2021.
In addition, responding to increased healthcare costs and consumer pressures, “benefit plans of one” will be offered in 30 percent of health plans for engaged consumers by 2022.
“Future enterprise break away from traditional health industry practices by embracing digital transformation at scale. These digitally determined organizations organize around high-value, high-growth digital transformation use vases where reinvention becomes commonplace and operations are at hyperscale, hyperspeed, and hyperconnected,” Shegewi highlighted.
Source: Hit Infrastructure