IIC Journal of Innovation 4th Edition | Page 18

How IoT Can Significanlty Improve Healthcare in the Context of Smart City Figure 1 - Smart City Healthcare (KPIs – Inhibitors – IoT play) unanticipated costs associated with the need to increase staff coupled with a loss in medical workforce productivity 8 . addressing the key inhibitors and achieving the key criteria for Smart City health rankings. IoT has become extremely valuable o this industry though the availability of low cost, small sized sensors, large sets of connectivity options to choose from and highly matured cloud services for data management and processing. I NTERNET OF T HINGS R EDEFINING H EALTHCARE I NDUSTRY IoT has been changing the Healthcare and Life Science industry outcomes, by introducing automation into associated processes (i.e., clinical documentation by doctors, capturing health data from wearable/medical equipment), empowering health care providers (through real time patient data while the patient is in their natural habitat – remote ICU) and putting intelligence into action (predicting medical equipment failure, patient risk events and practicing precise medicine). Figure 1 below, illustrates how IoT is playing a role in U SE C ASES Following are some key use cases, illustrated through real world deployment experiences and market ecosystem innovative activities. 1. Remote Patient Monitoring Remotely monitoring patient health significantly cuts down on hospital stays and 8 http://medicaleconomics.modernmedicine.com/medical-economics/content/tags/ehr/physician-outcry-ehr-functionality-cost-will-shake- health-informa?page=full IIC Journal of Innovation 17