Big Data and its market outlook in the Healthcare Industry:
The Big Data Market is supported by the widespread use of the Internet of Things (IoT) has led to a massive amount of data produced from ubiquitous sensors and wearable technology. According to market database, the enormous increase in data volumes correlated to the developments of AI-empowered analytical techniques has led to the rise of this market. The market penetration for Big data within the Healthcare Industry can be studied using Global Market Database. The market research tool studies the growth dynamics for this sector.
The technology has also been used in a broad range of fields of industrial application, including healthcare, where electronic healthcare records (EHRs) are used to facilitate healthcare services by using intelligent analytics. The growth in application of this technology can be studied using Global Market Database. A value chain analysis for the Big data market can also be provided by this cloud based market research tool.
According to the market database, health Big Data, for instance, effectively facilitates patient health analysis, diagnostic assistance, and drug development. It can be produced from a range of sources, including social networking graphs, mobile devices such as smartphones, sensor-like IoT devices, and public data in different formats, including text or video. The various IoT based segments for this market and its application can also be studied via Global Market Database.
The Impact of COVID-19 Virus on the Big Data Market:
According to the market database, the technology and the high degree of innovations available are some of the benefits we have today in the battle against COVID-19 virus, which was not so advanced during the SARS epidemic of 2003. As the COVID-19 virus circulated through China, to map and control the disease, China tuned to the big data market, machine learning, and other automated technologies. Market research tools indicate that as other countries around the globe battle the spread of the COVID-19 virus, they have turned to emerging technologies including this technology to develop real-time predictions and equip healthcare practitioners and government policymakers with information they could use to anticipate the effects of the pandemic.
Market research tools suggest that the big data market offers researchers, healthcare professionals, statisticians a vast amount of knowledge and enables them to make a more strategic decision to combat the pandemic. Such data can be used to continually track the virus internationally and to promote medical advancement. Market database suggests that the role of big data in COVID-19 support starts from the very first phase that is virus spread detection. In December 2019, BluDot, a big data start-up located in Toronto, detected several rare cases of pneumonia in Wuhan, China. They performed the analysis by using their big data model that pulled data from several databases. To forecast the rise of an epidemic, the algorithm analyzed data from patient health records, airline ticketing data, government notices, media reports, and disease networks. BluDot was able to forecast the transmission of the pandemic from Wuhan to several other Asian cities using airline ticketing data. The impact of the pandemic on the overall trends for this market for Big Data and the ICT domain can be studied using Global Market Database. The market research tool provides free market data for the first five Global Market Database logins. The healthcare industry and the integration of this technology can also be studied via this market research tool.
According to market database, it was presumed that as the pandemic spread across China, Taiwan would be severely impacted in part because of its relative proximity to China. However, to mitigate the effect of the virus on its territory, Taiwan used technologies and a comprehensive pandemic strategy produced after the 2003 SARS pandemic. The national health care database was combined with data from its customs and immigration database as part of their plan. When dealing with the COVID-19 virus, by centralizing the data in this manner, they were able to get real-time warnings on who could be affected based on symptoms and travel records. Also, they had QR code screening and online travel and health symptom monitoring that helped them identify the risks of illness for passengers and a toll-free hotline to report suspected symptoms.
Big Data Market and its impact on the Healthcare Industry
As the databases continue to provide perspectives that enable healthcare providers to treat COVID-19 infections and subsequent post-COVID symptoms, participating researchers hope that their success will shape the future of medical research collaborative effort. The National COVID Cohort Collaborative (N3C) database, funded by the National Center for Advancing Translational Science (NCATS), a unit of the National Institutes of Health, is the most imperative step in the United States. The archive extracts data from electronic health reports of individuals who were tested for COVID-19, whether those tests returned positive or negative, or who documented symptoms related to the widespread of the pandemic. Professionals in health care upload the documents and NCATS make them accessible for the study of any accredited researchers.
Worldwide, businesses and policymakers are mining millions of internet and smartphone users’ location data for details on how the virus travels and whether social distancing initiatives succeed. These activities examine vast data sets to discover trends in people’s actions and attitudes throughout the pandemic, unlike monitoring programs that monitor the movements of a single individual. Mobile advertising agencies in the United States are currently collaborating with the Centers for Disease Control and Prevention and state and local governments to examine how the activities of people have evolved and where they also socialize based on cell location data.
based on location data of Google Maps users, Google has released Community Mobility Reports that provide information into how Covid-19 initiatives such as social distancing are operating. Facebook is offering its research partners information on economic migration and friendship patterns to forecast virus spread and compliance with public health measures under its remodeled Disease Prevention Maps policy. Global Market Database can be used to study the impacts of the growth in technology based segments in the Healthcare industry.
Using data analytical software on vast databases obtained from accessible sources such as health agencies including WHO, and healthcare institutes, it analytically helps global disease forecasting. Through integrating intelligent technologies including Machine Learning, and Deep Learning for developing predictive models, it has also demonstrated great potential for COVID-19 virus spread detection, which is very helpful to governments in controlling the likely future outbreak of the COVID-19 virus. Also, it has the ability to support diagnosis and recovery processes for COVID-19. Data learning from massive data also allows to define possible targets for a successful COVID-19 vaccine and to combine a large-scale information graph, literature, and proteomics data to facilitate the identification of potential drug candidates for the coronavirus. The market forecast for this market can be understood by logging into Global Market Database, a free market research tool where users can access ten year market forecast data.