The healthcare industry is undergoing a radical digital transformation, with hospitals adopting smart technologies to drive innovation and deliver better patient outcomes. According to IDC, global digital transformation spending is projected to be $3.9 trillion by 2027, with the healthcare industry expecting a five-year compound annual growth rate of 19%.
In order to reach the next level of digital transformation, hospitals are now actively considering adopting Internet of Things (IoT) technologies in order to collect, contextualize and analyze valuable digital data. Data is the cornerstone of success or failure when it comes to patient care and the most valuable asset for organizations today. It paves the way for smoother progress towards comprehensive IIoT evolution, complete digital transformation, and AI strategies for improved operations.