Healthcare environments produce a tremendous amount of information because of their process, engagement of multiple players and high volume of users. That data is only going to increase as baby-boomers reach retirement age and require better and more frequent healthcare services. With large cohorts of an aging population and aging infrastructure, service delivery becomes expensive and difficult for cities and governments.
Automating systems through utilization of IoT, Big Data, and M2M tools and technologies demonstrate great opportunity to reduce operating costs significantly, utilize those savings more effectively, and provide better services to communities.
IoT Healthcare Western Canada is in its 3rd iteration and has become must-attend event for senior healthcare leaders across Western Canada. It is an umbrella event that brings together clinicians, technology and strategy leaders to discuss challenges facing healthcare system and how technological tools can help improve care, service and make systems more efficient.
- Conservative estimates put the IoT market at US$ 15 Trillion in 10 years time.
- North America represents 26% of the global IoT economy which puts the Canadian market at around $17 billion and expected to grow to over $300 Billion in the next 10 years.
- Healthcare is worth $117 billion and expected to grow to over $1.7 trillion in the ten years.