Acute Market Reports announces that it has published
a new study Healthcare Decision Support and IBM Watson Market, Shares,
Strategies and Forecasts, Worldwide, 2013 to 2019. The 2013 study has 281
pages, 87 tables and figures. Worldwide healthcare cognitive computing markets
are poised to achieve continuing growth as the healthcare delivery system
responds to new products. Growth is achieved in response to changing
technology, better analytics, and new information systems that leverage natural
language, and changing market conditions.
For More Information visit: http://www.acutemarketreports.com/report/healthcare-decision-support-and-ibm-watson-market
Healthcare decision support markets consist of
traditional market participants led by McKesson and Watson from IBM. IBM Watson
offers structured and unstructured data in combination. This represents a major
breakthrough in what kind of decision support can be offered.
IBM Watson can provide a far more differentiated
testing assessment. Watson knows what tests are relevant to further
characterize a particular patient condition and what tests are not. It is a
great help to physicians to have an assistant that is able to have read the
latest journal articles and is loaded with medical information to recommend
what tests may be relevant in a particular situation. Wrong tests, tests that
are not useful in a particular situation, account for 30% of the costs of
healthcare delivery in the US. This is a lot. To have a new system available
that addresses these issues is great.
IBM Watson is initiating a new era of cognitive
computing that extends the tabulator and application program intensive enabling
new market opportunities based on cognitive performance. Watson is so powerful
and so new that the uses for it are not even defined yet. The tools and methods
released by natural language computing systems are remarkable. They are very
exciting.
Watson is comprised of a core engine. This engine is
more powerful than anything that has been designed by humans before. To the
credit of IBM, the first purpose that Watson has been put to is to improve
healthcare delivery. To those analysts following Watson, there is tremendous
promise in the offing.
IBM concentrates on building end to end systems that
are able to adapt of market changes. While this may make the IBM product set
seem overly heavy in the short run, in the long run, this is of enormous value
to clients as proved by the company market leading position in innovation
software.
This forecast below is predicated on the assumption
that IBM makes available the Watson cognitive computing capability worldwide as
a SaaS tool immediately, and people with smart phones learn that for five cents
they can access solid medical opinions relating to particular symptoms. This
does not turn the consumer into a healthcare provider, but it gives the
consumer more power in dealing with the physician and the provider.
Just as the mother that took her child to the doctor
this week in February 2013, and said, "I think it is an appendicitis"
and the doctor said "No, it is influenza.", after the appendix broke
and threatened the life of the child, the mother was angry, the physician was
apologetic. With Watson at her side, the mother would have had more credible
authority with the doctor.
This scenario really happened to an esteemed
marketing manager in Minnesota, USA this week in February 2013. Watson has a
lot to offer the consumer, without making the consumer a doctor; it brings more
information and authority to the patient - physician interaction. So also, the
physicians gain a valuable assistant at their side when they can access Watson
for $60 per physician per month. This cost represents two cents per patient
encounter, hardly a blip on the bill to the patient, but lends incredible value
to the patient - physician interaction, bringing the latest research to bear on
the physician diagnostic and therapeutic decision making process.
Watson can be loaded with the latest research results.
No physician can track all the latest medical research; there are intense
volumes of it. Any one physician can only hope to read a small portion of what
is published in his or her own field. Watson knows it all. It is available to
share what it knows at a small fee.
Healthcare decision support markets at $201.7
million in 2012 are anticipated to reach $239 billion by 2019 as consumers
access apps and these apps generate micro-payments in increments of $.05 per
query. Physician access is anticipated to be at a cost of $60 per month per
physician, and every facility will have to give its physicians access to IBM
Watson and cloud based healthcare decision support.
Personal, consumer queries are anticipated to
account for 93% of the healthcare decision support revenue by 2019. Growth is a
result of new cognitive computing technology availability. It is not enough to
maintain a static position in a market, nimble competitors steal market share
away if innovation is not pursued, this is increasingly true in the healthcare
decision support markets. Innovation provides competitive advantage and
protection of market position.
Click Here To Download Detail Report: http://www.acutemarketreports.com/request-free-sample/35413
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