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.
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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.
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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.
Table of Contents
Healthcare Decision Support and IBM Watson Executive Summary
Healthcare Decision Support Market Driving Forces
IBM Watson Can Provide A Far More Differentiated Testing Assessment
IBM Watson Initiates New Era of Cognitive Computing
Three Key Players In The Clinical Decision Support Market
Healthcare Decision Support Market Share
Healthcare Decision Support Market Forecasts
Browse For Complete Report Here : Healthcare Decision Support and IBM Watson Market, Shares, Strategies and Forecasts, Worldwide, 2013 to 2019
1. Healthcare Decision Support and IBM Watson Market Description and Market Dynamics
1.1 Strongest Bonds To A Customer
1.1.1 IBM Watson Offers Structured And Unstructured Data
1.1.2 IBM Watson Adapts Patient Centered Care Models That Work
1.2 IBM Watson Use Cases
1.2.1 ‘If Someone Has Relevant Content, We Want To Be
Working With Them,’ :Dr. Josko Silobrcic IBM Watson
1.2.2 MD Anderson Has Data Access Among Keys to
Personalized Cancer Therapies
1.2.3 Memorial Sloan-Kettering Cancer Center and IBM
Watson Collaborate in Cancer Treatment
1.3 IBM Watson Getting Started, Next Steps
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