Microsoft wants to use its cloud services to revolutionize healthcare

The future of health includes higher-quality, personalized, preventive and predictive care that’s more accessible and efficient. Microsoft’s bold ambition to build the intelligent cloud comes to life in healthcare thanks to the power of advanced health analytics, Internet of Things (IoT) and Machine Learning. In this blog post, we will be focusing on the Internet of Things. Advanced analytics capabilities combined with the digitization of the physical world (Internet of Things) has tremendous impact when applied to remote monitoring and better treatment of chronic diseases. According to a McKinsey Global Institute 2015 report, IoT has the potential to cut costs by as much as 50 percent in chronic diseases management, equaling to a gain of $1.1 trillion per year in 2025. Use of IoT systems could enable societal benefits worth more than $500 billion per year. Interestingly, most of the IoT data collected today are not used at all, and data that are used are not fully exploited across various sectors – not only health and wellness – as less than 1% of data is currently used, mostly for alarms or real-time control, while more can be used for optimization and prediction.