Data Analytics in Medical Devices Thematic Intelligence Report 2023: AI-Native Vendors Take Center Stage - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Data Analytics in Medical Devices - Thematic Intelligence" report has been added to ResearchAndMarkets.com's offering.

This report delves into the evolving landscape of data analytics and its significant impact on various industries. With the total data analytics market projected to reach $188.8 billion by 2027, boasting a compound annual growth rate (CAGR) of 13% from 2022 to 2027, it's evident that data analytics is a crucial driver of business success in a world filled with disruptive threats.

Data analytics emerges as a solution to the overwhelming volume of data generated by human activities, including citizen databases, social media user-generated content, and sensor data from various sources. With an expected 175 zettabytes of data by 2025, the need to extract value from this data is paramount. Data analytics tools play a vital role in transforming raw data into valuable insights and actionable knowledge.

AI is at the forefront of revolutionizing data analytics, introducing innovations like prescriptive analytics that go beyond describing past events to recommend future actions. Machine learning (ML) techniques are now capable of providing data-driven recommendations by analyzing vast datasets and exploring various "what if" scenarios.

This innovation is challenging traditional data analytics vendors like SAS, IBM, Oracle, and SAP, which have their roots in descriptive analytics. AI-native vendors such as C3.ai, CognitiveScale, and H2O.ai are disrupting the market by automating operational decision-making using ML.

In the medical devices industry, data analytics finds numerous applications. From mHealth apps to electronic medical devices, it plays a pivotal role in analyzing device data, understanding healthcare trends, ensuring quality control, and reducing human errors. Moreover, insights from data analysis are shaping business decisions within the medical devices sector. This highlights the versatility and importance of data analytics across industries, including healthcare.

Reasons to Buy

• The thematic research ecosystem is a single, integrated global research platform that provides an easy-to-use framework for tracking all themes across all companies in all sectors. It has a proven track record of identifying the important themes early, enabling companies to make the right investments ahead of the competition, and secure that all-important competitive advantage.
• Develop and design your corporate strategies through an in-house expert analysis of data analytics by understanding the primary ways in which this theme is impacting the healthcare industry.
• Stay up to date on the industry's major players and where they sit in the value chain.
• Identify emerging industry trends to gain a competitive advantage.

Key Topics Covered:

• Executive Summary
• Players
• Technology briefing
• Trends
• Industry analysis
• Signals
• Value Chain
• Companies
• Sector Scorecards
• Glossary
• Further Reading
• Thematic Research Methodology

A selection of companies mentioned in this report includes

• Alphabet
• Amazon
• Databricks
• Informatica
• Microsoft
• SAP
• SAS
• Snowflake
• Teradata
• Alibaba
• Baidu
• Cloud Software Group
• IBM
• Microstrategy
• Oracle
• GE Healthcare
• Cerner
• Flatiron Health
• Philips
• McKesson

For more information about this report visit https://www.researchandmarkets.com/r/lkviao

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