The global big data healthcare market expanded to $22.73 billion in 2023, recording a CAGR of 11.9%, and is expected to reach $53.96 billion by 2027 with a projected CAGR of 24.1%. We are here to shed some light on the opportunities and challenges of data analytics in...
Data analytics is a method of analyzing and interpreting large datasets to gain insights and make informed decisions. In recent years, the use of data analytics in healthcare has been on the rise, and for good reason. Benefits of data analytics in healthcare include:...
According to a report by the Commonwealth Fund, the US spent 17.8 percent of its gross domestic product (GDP) on health care in 2021. That is almost twice as much as the average OECD country (9.4 percent). Yet according to the World Health Organization, the US ranks...
The healthcare sector is facing a resource crunch like never before. Despite the United States spending trillions of dollars on healthcare, its performance in comparison to other developed nations is unsatisfactory. In fact, the US ranks 11th out of all developed...
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