Collecting and analyzing increasingly vast volumes of medical data can improve illness detection and treatment while saving healthcare systems huge sums of money, said SAP co-founder Hasso Plattner, in an interview with Handelsblatt.
But as the global digital healthcare market rapidly advances, Germany is stumbling over an acute case of big-data phobia, he added.
“We have the data and we have the know-how, but we can’t use this because we’re not allowed to — that has to change,” the 72-year-old German business software pioneer said, warning that Germany is in jeopardy of blowing a tremendous growth opportunity with major health benefits.
Globally, all big technology firms are staking their claims in digital healthcare. Apple, Goggle and IBM are investing billions into networking diverse healthcare data – from biological makeup to clinical history to lifestyle choices.
Consultancy Arthur D. Little forecasts the global market for digital health products and services to more than double to $233 billion by 2020 as the era of wireless patient monitoring and electronic medical records takes shape.