Big Data: Challenges and Opportunities for Healthcare Joe Paxton Healthcare and Life Sciences Sales Leader © 2012 TeraMedica, Inc. Course Presenter Bio Overview • Joe Paxton - Healthcare and Life Sciences Sales Leader, General Business North America. • Joe is responsible for leading IBM's sales resources to 1400 Providers and 400 Life Sciences clients in the United States and Canada working with IBM Account Teams, Business Partners and ISV‘s • He has 28 years sales and management experience working primarily with Healthcare and Life Sciences Industry Clients throughout the United States. • Prior to his current assignment, Joe was the Territory Director responsible for sales in the Mountain West Region including Colorado, Nevada, Utah, Wyoming and Montana. © 2012 TeraMedica, Inc. Course Overview • What are the challenges facing healthcare today? • What is Big Data? • What’s the value of addressing Big Data in healthcare? • How can healthcare organizations address the challenges of Big Data? © 2012 TeraMedica, Inc. What are the challenges facing healthcare today? Effectively use IT Comply with Lower costs government regulations Shift to proactive care Deliver better care Convert to electronic medical records © 2012 TeraMedica, Inc. The effective use of information will transform healthcare What is Big Data? • INSERT COPY AND/OR PHOTOS • CAN DUPLICATE SLIDE • CAN CHANGE SIZE OF IMAGE, ETC. © 2012 TeraMedica, Inc. Big data spans three dimensions: Volume, Velocity and Variety Velocity Often timesensitive, data must be analyzed as it’s streaming in to maximize its value to patient care (e.g. patient monitoring) Variety Structured and unstructured data: clinical notes, audio transcription, imaging, click streams Volume in petabytes Electronic medical records, images, digital pathology, email, web communications © 2012 TeraMedica, Inc. What’s the value of addressing Big Data in healthcare? Bringing big data to the enterprise Examples of value: • Access medical images from across the organization to speed patient diagnosis • Capture and analyze physiological data in ICU’s in real time to detect problems before they happen • Integrate patient health information, patient preferences and insights from best practices and evidence generation. McKinsey Global Institute – May 2011: Big Data: The next frontier for innovation, competition and productivity © 2012 TeraMedica, Inc. • Continuously aggregate and analyze public health data to detect and manage potential outbreaks How can healthcare organizations address the challenges of Big Data? Smarter Computing for healthcare © 2012 TeraMedica, Inc. Designed for Data: Extending beyond traditional sources of data and generating insights from new forms of information Traditional Approach New Approach Structured, analytical, logical Creative, holistic thought, intuition Structured Repeatable Linear Standard reporting Operational metrics, KPI’s Quality core measures Clinical/business insights © 2012 TeraMedica, Inc. Health Information Unstructured Exploratory Iterative Clinical notes Medical imaging Consumer behavior and preferences Compliance management All forms of information can be incorporated into an enterprise’s information supply chain and storage infrastructure Transactional & Collaborative Applications External Information Sources © 2012 TeraMedica, Inc. Business Analytics Applications Questions: 1. Is your healthcare organization getting the most out of your data? 2. Are you able to collaborate on and extract insight from your data quickly? 3. Can your data react to clinical and operational requirements in ‘real-time’? Mine Data in Motion Harness the information explosion © 2012 TeraMedica, Inc. Combine ‘in the moment’ with large-scale ‘after the fact’ Virginia Commonwealth University Medical Center VCU needed to transform its IT infrastructure to better support its growing information environment Enabled patient care at any time, from anywhere • Consolidated, deduplicated and eliminated redundant data, recovering storage capacity • Integrated information for a single version of the truth • Automated system configurations for better efficiency • Supported information access through the Cloud • Reduced security threats and improved IT security by consolidating disparate devices • Added stability and resiliency and reduced system overhead and downtime and business risk To transform economics and enable innovation: Reduced cost per terabyte by 50-55% © 2012 TeraMedica, Inc. Decreased data backup time from 23 to 2.5 hours Boosted storage capacity, targeting a five-to-eight-time increase, avoiding additional hardware investments