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IBM Watson Forks Over $2.6B for Health Data Stash
Science & Technology

IBM Watson Forks Over $2.6B for Health Data Stash

IBM Watson Health on Thursday introduced plans to amass

Truven Health Analytics for US$2.6 billion.

The acquisition will give the corporate entry to about 300 million affected person information, based on IBM, making it one of many world’s largest holders of various health-related data.

Considered one of its chief targets is to make use of the information to carry extra worth to healthcare recipients. By integrating Truven’s in depth cloud-based information units, together with value, claims and lab outcomes, into its personal information units, Watson will be capable of create significant insights that may be translated into sensible options for sufferers throughout the globe, IBM stated.

Massive Data’s Massive Influence in Healthcare

“We’re including greater than 8,500 purchasers, which incorporates all of the totally different stakeholders within the healthcare ecosystem, from authorities to employers to well being plans to hospitals to suppliers and life science firms,” stated Kyu Rhee, chief well being officer at IBM Watson Health.

The acquisition of knowledge is de facto about discovering significant insights that had been beforehand unknown, he advised the E-Commerce Occasions. By combining Watson’s analytic capabilities with Truven’s wealthy trove of information, IBM hopes to crack lots of the healthcare trade’s greatest codes, specifically worth and accuracy.

“Now we home one of many world’s largest and most various repositories of health-related information, and it represents about 300 million lives, should you add all of it up,” Rhee stated.

“That is thrilling as a result of what does Truven have by way of information? They have an important cloud-based information set, which has lots of of various kinds of value information, claims information, high quality information, outcomes information, which is now added to the opposite information units we have now. With the ability of Watson, with cognitive insights, we’re going to translate that large information into large insights to these key stakeholders within the well being and healthcare ecosystem,” he added.

An instance of a stakeholder who would profit from the acquisition is a health care provider treating a affected person, stated Rhee, who’s a doctor.

“It is in the end about offering extra worth. … It’s about enhancing high quality, enhancing the well being of populations at an inexpensive value. I, as a doctor, wish to know if I’ve obtained a affected person in entrance of me — whether or not it is caring for diabetes, pneumonia or most cancers — I wish to know that I’m recommending the highest-value choices to my sufferers by way of care,” he stated.

“That demonstrates evidence-based tips. That’s in line with the literature. That is in line with the individuals just like the particular person in entrance of me by way of good outcomes. Watson will ship these insights by way of cognitive computing. That is worth. Clearly, I wish to do it at an inexpensive value,” Rhee famous.

The Value of Good Healthcare

Whereas there are different highly effective analytics techniques, none are targeted on healthcare the best way Watson is.

One cause is that it is a expensive endeavor, particularly if you issue within the numerous variables such because the variety of medicines, sicknesses and procedures, based on Rob Enderle, principal analyst on the Enderle Group.

Constructing Watson was a frightening endeavor, however “IBM did it anyway,” he advised the E-Commerce Occasions.

“The primary public use of Watson was for healthcare, so an terrible lot of labor has gone into educating the system so it may well diagnose sicknesses comparatively shortly and really precisely. To hold this factor to scale, nonetheless, it type of must be built-in with some system that already exists, thus the acquisition of Truven,” Enderle stated.

“If you tie these two collectively, now you’ve the machine and the go-to-market and current set of oldsters that may service and promote the general resolution. However now they should scale it out and get it broadly used so individuals can see the profit. Now individuals will be capable of see the benefit of getting an clever system, a cognitive system, which is healthier than something on the market,” he stated.

Due to IBM’s large funding within the healthcare subject and its giant amassment of information, Enderle speculated that the corporate will not have competitors at that degree within the close to future.

“For some time now,” he stated, “they would be the solely ones at scale.”
IBM Watson Forks Over $2.6B for Health Data Stash

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