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The benefits of healthcare data are undeniable—more informed decisions, better diagnoses, enhanced operational efficiency, improved patient satisfaction—but all that data also creates significant challenges.
There are three key defining properties of data growth, known as the three Vs:
- Volume: The total amount of data being created.
- Velocity: The rate at which data is being created.
- Variety: The number of formats data comes in.
All three Vs are increasing exponentially, which is creating major challenges for organizations across the board. The healthcare industry is no exception, and it’s actually at the forefront.
The state of data
Famed former Google and Alphabet CEO and executive chairman Eric Schmidt once said, “There were 5 exabytes of information created between the dawn...
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