Unlike some other Twitter-loving tech CEOs we know, Amazon founder Jeff Bezos likes to keep his company's plans fairly quiet. Bezos disagrees with that label, though. In 2014, he told shareholders he thinks "quiet" is more accurate: "Our primary approach is, we talk when we have something to say." As recent whisperings about Amazon's involvement in the healthcare industry have risen to a crescendo, Amazon may be just about there. Bezos first alluded to Amazon's healthcare plans at the Vanity Fair New Establishment Summit in October 2016.
Healthcare is drowning in data. An article by CIO.com outlines How CIOs Can Prepare for Healthcare'Data Tsunami.' Digitization of healthcare information, EHR systems, precision and personalized medicine, health information exchange, consumer health, Internet of Medical Things (IoMT), and other major trends affecting healthcare are accelerating this data growth rate. Artificial Intelligence (AI) and Machine Learning (ML) are powerful tools that empower healthcare organizations to process the tsunami of healthcare data in near real time, maximize the value of this data, and delivering actionable insights near real-time insights that in turn enable healthcare to maximize the Quadruple Aim Objectives of improving patient outcomes, reducing healthcare costs, and improving the experiences of both patients and healthcare professionals. Increasingly healthcare organizations run AI / ML workloads in the cloud to reduce costs, and improve security, agility, and scalability. Clinician burnout is a major concern across healthcare providers with 42 percent of physicians indicating burnout in a recent research study by Medscape, and their job is the major lifestyle factor, with too many bureaucratic tasks (for example charting, paperwork) cited as the major task factor.
While you've been sleeping, artificial intelligence has been evolving. It isn't something to be afraid of -- yet. In actuality, AI has been present in numerous industries for a long time. As development improves and transforms, both with AI-based analytics, also referred to as deep learning, and user feedback, AI is evolving from being the villain in a bad action movie to helping people live a better life through sleep and health and wellness tracking.
Disruptive technologies are advancing healthcare at an extraordinary pace. By 2020, there will be 50 billion devices connected to the internet, and many of these devices will be tracking the health data of individuals. This will empower consumers in an exciting way, but it will also fundamentally shift how healthcare companies work and interact with their customers. Today's infographic comes to us from Publicis Health and it is the introduction to a seven-part series about the future of healthcare, and how companies will have to adapt to stay relevant. Commoditized 76% of consumers expect pharma/healthcare providers to provide services that help them manage their health.
As patients are bombarded with more choice and information than ever, the burdened health system seems to lack the appropriate support to manage increasing demands for personalized and convenient care. Today's infographic comes to us from Publicis Health, and it demonstrates how electronic health records are an important piece in the puzzle to improve experiences for patients and providers alike. As it stands, the current healthcare industry faces several challenges. Patients today have more complex needs and wants, while physicians are struggling to keep up. Adding to these challenges, the healthcare industry is grappling with significant amounts of technological change, while also trying to keep costs in check.