CenTrak

The Internet Of Everything For Healthcare

The article discusses how Gartner's hype cycle places Big Data and the Internet of Everything at a peak of inflated expectations, highlighting Cisco's prediction of IoE generating trillions in economic value by 2020 and beyond, while emphasizing the transformative potential of IoE in healthcare through smart hospitals that enhance patient care by integrating people, processes, data, and things, likening this technological shift to a modern Industrial Revolution driven by mobile, cloud, and social innovations.

The recent Economist post, "Technohyperbole," examines IT analyst Gartner's annual "emerging technologies hype cycle"—a model that places new innovations on a timeline based on factors such as overall awareness, readiness/usability, and market penetration. This year's research places Big Data and the Internet of Everything (IoE), or "Things," in the "peak of inflated expectations" stage. This stage is defined as a period when early publicity produces a number of success stories—often accompanied by many failures. Some companies take action; many do not.

Cisco has high expectations, predicting that the Internet of Things will generate about $19 trillion USD by 2020, and double that amount over the next 10 years in combined savings and new revenue. The question remains: how long until we reach a period where truly everything can be or will be tracked by the Internet?

Perhaps the true excitement and usefulness of Big Data and the Internet of Everything are not yet fully understood by the general public. The concept of tracking "everything" can be unsettling for some. Beyond profits and business development, the real value of location-enabled data lies in the potential to achieve efficiency across all industries.

Efficiency is particularly important in healthcare. Smart or "wired" hospitals can substantially improve patient care by embracing ideas associated with the Internet of Everything. According to Cisco, the Internet of Everything Economy involves the interactions of four main categories: people, process, data, and things. For doctors and hospitals, the mobility of ideas, communication, and resources enables a greater focus on what truly matters: patient care.

Innovation leaders like GE compare the Internet of Everything to the Industrial Revolution, a period marked by immense growth in technology, manufacturing, and human-machine interaction. In 2014, the Tech Revolution has come to fruition with the help of mobile devices, cloud-based applications, and social media. Each of these technologies has played a transformative role in defining and internationalizing modern networking, creating a demand for further innovation.

In nearly every industry, there is a movement toward improving the immediacy and accuracy of interactions and services. In healthcare, the technology already helping to achieve this efficiency is Real-Time Location Systems (RTLS).