I recently attended a luncheon during O’Reilly’s Strata conference in Santa Clara, CA. There were two speakers, both Strata conference chairs, who gave a talk titled “How Data Science is Transforming Healthcare: Opportunities & Challenges.” The speakers mentioned that 500 petabytes of healthcare data was collected in 2012. And, by 2020, it is projected that there will be over 2500 petabytes of healthcare data collected! We are going to need a way to parse through all of this data. And, in the healthcare industry, real-time analytics on all relevant biological data will be extremely valuable.
The SAP HANA platform is the ideal candidate for information analysis on healthcare data. As an in-memory data platform, scientists, researchers and even physicians can leverage HANA to process large amounts of healthcare data, and in real-time! Much of the data in the healthcare industry is unstructured, and with HANA, we can also integrate unstructured and structured datasets for analysis. The healthcare analytics market is projected to grow to $10.8 billion by 2017 from $3.7 billion in 2012. As the speakers continued to outline the opportunities in healthcare analytics, I couldn’t help but think about how much potential HANA has to influence this space. Moving forward, I can’t wait to see how we, at SAP, will revolutionize healthcare with our SAP HANA Healthcare Platform!