Global emergencies like the COVID-19 pandemic place intense pressure upon our healthcare community. However, smart hospital innovation is one of the critical support factors that will enable global healthcare industry players to overcome this crisis.
Smart infrastructure makes extensive use of emergent technologies like artificial intelligence (AI), Big Data and the Internet of Things (IoT) in order to create more integrated, efficient spaces. This is no different in the healthcare space. McKinsey states that smart hospitals are not only being used to improve care delivery within the building, but to also connect to the broader healthcare delivery ecosystem.
Implementing digital technologies could help to realise cost savings of over 10% of overall annual national healthcare expenditures. To further evidence the potential scale of the market, it is noted that venture capital funding for digital health solutions has grown from $1bn in 2011 to over $8bn in 2018.
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