Is the Medical Device Industry Ready for Big Data?
2/5/2013 8:50:14 AM
Many medical devices generate a ton of data, but until recently this data has largely been left to go into the ether instead of the ethernet. Complexities around HIPAA and liability concerns, among other worries, seem to have frightened device companies out of utilizing this potentially valuable asset, if they even know what to do with it in the first place. But times are a-changin’ and some big device companies are beginning to make noises about putting the power of data to work. In Boston Scientific’s recent presentation at the JP Morgan Healthcare Conference company execs called out the ’convergence of devices and informatics’ as a market tailwind for its future success (what BSC offering will be riding this tailwind exactly is unspecified).