Analytics Strategies

Medical Device Firms Shift Focus from Hardware to Data, Says Deloitte

September 20, 2019 - Medical device vendors, which have traditionally concentrated on developing hardware, are shifting their attention to software, data collection, and data analytics, concluded a new study from Deloitte. Vendors are changing their focus because the data collected from their hardware – such as surgical equipment, joint replacements, diagnostic...


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CIOs Should Incorporate These 3 Ideas in Data Analytics Strategies

by Fred Donovan

CAMBRIDGE—CIOs and other IT leaders should keep these three ideas in mind when developing their data analytics strategies, advised Barbara Haley Wixom, PhD, principal research scientist at MIT...

Verma Outlines Plan to Lower Hurdles to Medical Device Innovation

by Fred Donovan

CMS Administrator Seema Verma laid out her agency’s strategy to reduce barriers to medical device innovation in the Medicare program, during a May 2 speech at the Medical Device Manufacturers...

Mayo Clinic, ASU Select 6 Digital Health Startups for Accelerator

by Fred Donovan

The Mayo Clinic and Arizona State University (ASU) have selected six digital health startups for their MedTech Accelerator program. The accelerator, part of the Mayo Clinic Arizona State University...

Providers, Payers Have “Hangover” from Choosing Health IT Products

by Fred Donovan

Healthcare providers and payers are suffering from a “technology hangover” when trying to decide on a range of health IT products and solutions, judged Sage Growth Partners in their new...

AMA, Sling Expand Work to Add Doctor Input into Health IT Innovation

by Fred Donovan

The American Medical Association (AMA) and student-run biotech incubator Sling Health are expanding their joint efforts to include physicians in health IT innovation to improve clinical workflows...

Reporting Remains “Killer App” for Healthcare Analytics

by Fred Donovan

Reporting is and will remain the “killer app” for healthcare analytics, according to a new report by Chilmark. Cost, quality, and utilization reports and dashboards are widely used in the...

Creation of New Health IT Companies to Increase in Next 2 Years

by Fred Donovan

The creation of new health IT companies will increase over the next two years, according to a survey of more than 240 healthcare leaders by VC firm Venrock. A full 79 percent of respondents said...

University of South Carolina Opens Health IT Innovation Lab

by Fred Donovan

The University of South Carolina has opened an innovation lab in downtown Columbia to tackle healthcare problems through health IT innovation, artificial intelligence, and robotics research.  The...

Healthcare Data Analytics Having Big Effect on Clinical Workflows

by Fred Donovan

Healthcare data analytics is having the biggest impact on the effectiveness and efficiency of clinical workflows, according to an annual survey of 185 healthcare leaders by HealthCare Executive...

Poor I/O Performance Could Degrade Healthcare Big Data Analytics

by Fred Donovan

Poor input-output (I/O) performance could have a negative effect on healthcare big data analytics, warned Condusiv Technologies CEO James D’Arezzo. SQL databases in particular are a factor in...

Healthcare IT Spending Priorities Include Big Data Analytics, AI

by Fred Donovan

Top IT spending priorities for healthcare executives are accelerating digital transformation, investing in big data analytics and artificial intelligence, and modernizing IT infrastructure,...

Healthcare Big Data Analytics Market to See 22% CAGR Through 2023

by Fred Donovan

The healthcare big data analytics market is forecast by P&S Market Research to experience a strong compound annual growth rate (CAGR) of 22 percent, reaching a market value of $22.7 billion by...

Reports: Healthcare Artificial Intelligence Market CAGR of 47%-50%

by Fred Donovan

Three separate market reports agree that the healthcare artificial intelligence (AI) market will increase at a compound annual growth rate (CAGR) of between 47 percent and 50 percent over the next few...

Organizations Upping Pace of Healthcare Big Data, AI Investments

by Fred Donovan

More than three-quarters of healthcare C-suite executives are increasing their pace of investment in healthcare big data and artificial intelligence (AI), according to a recent survey by NewVantage...

EDA Awards $750K Grant for Healthcare Internet of Things Lab

by Fred Donovan

The US Economic Development Administration (EDA) has awarded a three-year, $750,000 grant to Northeast Indiana Innovation Center (NIIC) to launch a healthcare Internet of Things lab in Fort Wayne,...

Consumers, AI Will Challenge Health IT Infrastructure Leaders in 2019

by Fred Donovan

As part of the healthcare industry’s ongoing transformation, health IT infrastructure is undergoing rapid change. Seamless, future-proof health IT infrastructure development will become increasingly important as the use of...

Big Data Analytics to Have Major Impact on Pharma Next Year

by Fred Donovan

Big data analytics is expected to have the biggest technology impact on the pharmaceutical industry in 2019, according to a survey of pharm professionals by GlobalData. Thirty-eight percent of...

Global Healthcare IT Market to Increase at 8% CAGR to 2022

by Fred Donovan

Global healthcare IT market is expected to grow at a CAGR of more than 8 percent, reaching $206 billion by 2022, according to a market report by Technavio. The growth will be fueled by the need...

FDA Grants Breakthrough Device Status to Healthcare AI Software

by Fred Donovan

The FDA has granted breakthrough device designation to healthcare AI software being developed by Bayer and Merck for chronic thromboembolic pulmonary hypertension (CTEPH) pattern recognition. The...