Academic MBA Question:
Q: The Healthcare industry is inundated with massive volumes of data generated each minute. With the adoption of electronic health records, mobile health apps and wearable technologies this is poised to increase dramatically over the next few years. Predictive analytics is used to analyze current data to predict future using data mining, statistics, modelling, artificial intelligence, and machine learning. It helps enhance various aspects in the healthcare segment. These include patient care, chronic disease management, supply chain efficiencies, and hospital administration. Explain predictive analytics and its importance in the healthcare industry. With the help of a suitable example elaborate how patient data can be used for preventive healthcare.
Academic Assignment Answer: