Benefits of Cloud computing in Medical industry

The medical industry has been one of the slowest industries to embrace modern technology. Security and privacy of patient information were the main issues why medical industry was so hesitant to adopt Cloud computing. Medical institutions have chosen to save data behind secure firewalls and on-site instead of keeping the data on something as intangible as cloud computing.

However, recent government mandates have enhanced the evolution of cloud computing.  Especially now, that all medical records must be online.  Online records enable quick and easy sharing and access to patient’s records anywhere. 

According to the latest research made by MarketsandMarkets reveals that the medical cloud computing market, which is currently only about 4% of the industry, is supposed to grow up to approx. $5.4 billion by 2017.

MEDICAL INDUSTRY EMBRACES CLOUD COMPUTING

Cloud computing plays a significant role in IT world especially in the medical industry.

The medical field has embraced the cloud computing in many different ways – from storing patient information to new drug discoveries, innovative medical treatments, storing, distributing and analyzing of medical imaging and real-time data. If we count in everyday operations management of medical facilities and employees, then cloud computing in the medical industry grow even further.

• Basic Record Keeping

In general, hospitals and other medical institutions create large amounts of data on each individual patient. It includes patient histories, procedures, medications, x-rays, charts and billings.

Before medical institutions started using cloud computing all this data was stored on-site in each facility. This put some restrictions on them exchanging information. For those facilities that have made a shift to cloud computing, this information is easily accessible and it can be easily distributed between various medical facilities and medical professionals worldwide.

How Can Cloud Help in Medical Industry

The necessity of having modern technology in the medical industry is the most essential thing when working with patients. Patients need to have superior care and access to the most advanced therapies so it's essential for medical organizations to fulfill these requirements on the ongoing basis. Nowadays, providing superior care doesn't necessary mean giving doctors right training or medical equipment. IT starts to play bigger and bigger role in the medical field.

According to Healthcare Global, the medical industry, from underwriters to caregivers, has been a bit cautious and skeptical adopting IT tools at their work. However, it's now more essential than ever for professionals in these fields to comprise and accept the benefits that comes with using IT. It is very important that professionals adopt IT systems now, because two important changes are occurring currently: Patients have more opportunities to choose their service providers because of the increase of options, at the same time as cloud computing technologies are empowering organizations of all sizes.

Banks are Stepping into Cloud Computing

The adoption of cloud computing is finally becoming more prevalent among financial institutions after nearly a ten-year period of uncertainty about giving their data to external parties.

Seventy-one percent of bank directors interviewed, claimed that they plan to capitalize more on cloud computing. According to PricewaterhouseCoopers, the number of bankers investing in cloud computing is for times larger than a year earlier. According to Julien Courbe, PwC's financial services technology leader, the main reason for this change is that merchants of cloud services have made their offerings to banks more secure and reliable.

"This makes stakeholders more comfortable," Courbe says. "A lot of clients are starting to consider and invest in the offerings of many large technology companies to move apps and data to the public cloud. It's a significant shift. Most investments banks have made to date have been in the private cloud," in which the bank retains a larger degree of control and management. "Now we're seeing banks invest in public cloud solutions."