Predictive analytics for “SMART”er hospitals and health care: Virtuality versus reality

Healthcare is a booming sector of economy in many countries including India. With the boom and the growth comes the challenges that include exorbitant costs, inefficiencies in the healthcare delivery, complexities involving the disease status, diagnosis, treatment, and recovery. Predictive Analytics” is an advanced form of analytics and has gained a scientific repute as the “BIG DATA” related to health care. It is a branch of data engineering that predicts true existences and/or probability by utilizing the existing data that would use the “data mining method” to predict two things that would happen in the future providing necessary advice. Predictive analytics uses artificial intelligence, statistical methods to reveal surprising results which physician or clinician would never suspect. It would help hospital management, pharmaceutical companies, insurance providers to seek changes from the past treatment approach, adopt latest medical research like fewer complications, shorter hospital stay, and fewer readmissions to name a few. . Prediction using real-time data is the golden key to quality patient care and boost to health economy.