IoT and Digitizing Healthcare | @ExpoDX @AndyThurai #IoT #IIoT #BigData #SmartCities #DigitalTransformation

The United States spends around 17-18% of its GDP on healthcare every year. Translated into dollars, it is a mind-boggling $2.9 trillion. Unfortunately, that spending will grow at a faster rate now due to baby boomers becoming an aging population, and they are the largest demographic in the U.S. Unless the U.S. gets this spiraling healthcare spending under control, in a few short years we will be spending almost 25% of our entire GDP in healthcare trying to fix people’s failing health, instead of spending it somewhere else where it is desperately needed. Obviously, we can’t stop the aging population, but we can make the healthcare system more efficient. In the past, digitization of patient records was just for record keeping purposes. But with the advances in IoT, predictive analytics, cognitive computing and the mighty APIs to connect them all together, things have changed dramatically.

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