Essays on The Internet of Things and the Australian Health Care and Insurance Industry Essay

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The paper “ The Internet of Things and the Australian Health Care and Insurance Industry”   is a worthy version of the essay on information technology. The internet of Things (IoT) is considered as one of the most innovative disruptive technologies that have become a hotbed of technological teams seeking the development of an innovative and transformative society. This type of disruptive technology comprises a network of things, which provides a platform of information sharing among different players using sensors, network connectivity, and software that comprise of smart devices. In the organizational context, IoT is a strategy aimed at improving the nature of business on the global and Australian economic platform.

According to Gartner, by 2020 there will be development in IoT enhanced by improved connectivity of more than 20 billion things globally (Manyika et al, 2011). The main objective of this essay is to assess how IoT, an innovative disruptive technology, will impact on the nature of work both globally and in the Australian context. The Australian health careThe healthcare sector on the global and Australian platform is one of the sectors that will be greatly affected by IoT.

This is because this sector will realize the most benefits of adopting IoT. This is related to the ability of healthcare facilities to embrace Patient-Generated Data (PGD). By embracing this approach to IoT, it will be possible for patients and their caregivers to engage in the generation, storage and sharing of essential health information. This will include patient-reported outcomes and data generated from wearable hardware and medical devices (Manyika et al, 2011). According to Deloitte University Press, at a country level, the healthcare industry in Australia will benefit from this method of data sharing because it will provide a technique of accumulating data from outside clinical settings.

Internet of Things is considered as an essential innovation platform that provides techniques through which the struggling healthcare systems can become more effective. The inevitable changes that the Internet of things will be able to provide are the procedures used in the generation, retrieval, storage, and management of data (Gilchrist, 2016). Within the healthcare sector, IoT will be crucial in improving the provision of healthcare services because it will provide healthcare practitioners and patients with enhanced techniques of approaching programs that impact on health.

Real-time health systems will be one of the major areas of implementation of IoT in healthcare. This is because, within the Australian health care sector, Big Data Analytics processes and tools will be used in the evaluation of static and dynamic data for predictive analytics (Clarke & Steele, 2012). This is considered essential in improving healthcare because it will provide the global and the Australian health care systems with systems and platforms of refining the effectiveness and efficiency of patient care.

Furthermore, through this approach of using IoT in healthcare, it will be possible to combine cost-saving and improved service provision as the Internet of things evolves in healthcare (Manyika et al, 2011). According to studies conducted by KPMG, Australia, and the evolution of IoT will deliver more than 50 billion devices, which will have an $11 trillion annual impact on the global economy by 2025 (Perera et al, 2012). For the healthcare sector, this is considered as an indispensable transformation because it will reshape interaction techniques between the industry and technology.

Patients in Australia and in the global context will become more proactive by being involved in their wellbeing (AIHW, 2011). Through IoT, it will be possible for patients to monitor, assess, report, and respond to their own symptoms. This will be essential in reducing the workload on medical practitioners hence enabling quicker and effective delivery of treatment. This approach to the delivery of healthcare services will be made possible through the availability of home health technologies such as mobile apps and blood pressure monitors (Perera et al, 2012).

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