Glossary Term
Big Data
Definition
Big Data refers to extremely large and complex datasets that are generated at high velocity and volume from various sources, such as healthcare records, clinical trials, wearable devices, and IoT-enabled medical devices. Advanced tools and technologies are required to store, analyze, and derive actionable insights from these datasets.
Relevance to the MedTech Industry
In the MedTech industry, Big Data drives innovation, improves patient outcomes, and enhances operational efficiency. By analyzing massive amounts of data, companies can identify trends, predict outcomes, and personalize medical treatments. Big Data also supports regulatory compliance, risk management, and post-market surveillance.
Additional Information & Related Terms
Artificial Intelligence in Medicine Utilizes Big Data for predictive analytics and decision-making.
Real-World Data/Evidence (RWD) Draws on Big Data to assess device performance in real-world settings.
Clinical Decision Support System (CDSS) Leverages Big Data to assist healthcare providers in clinical decision-making.
Interoperability Ensures seamless data sharing across systems, a key enabler for Big Data analytics.