The Internet of Things (IoT) has transformed the way we live, work, and make decisions. It has already had a profound and positive impact on many industries, including healthcare. The healthcare industry has begun to undergo a significant transformation with the impact of IoT. In fact, the forecasted value of the Internet of Healthcare Things (IoHT) is projected to exceed $163 billion by 2020 according to a recent analysis from Accenture. IoT solutions offer greater efficiency and accuracy in the operation of healthcare providers—and has shown to add value in critical healthcare operations, such as patient monitoring.
This industry has basic challenges stemming from security and strict regulations. Therefore, the adoption of any IoT-based solution must address these issues. In addition, an IoT solution must address the requirements of the existing devices in operation, specifically, interoperability and connectivity. The available IoT solutions from IoT vendors, led by Lantronix, have overcome these challenges and offer the healthcare industry innovative ways to leverage IoT to cut costs and make valuable information available throughout its ecosystem. This solution brief will examine promising IoT use cases in healthcare and discuss cost reduction measures IoT can provide.
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