2013 Report on the International Healthcare Decision Support and IBM Watson: Market Shares, Strategies, and Forecasts to 2019

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Jan 13, 2014, 02:34 ET

DUBLIN, Ireland, January 13, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/lnb78h/healthcare) has announced the addition of a new report "2013 Report on the International Healthcare Decision Support and IBM Watson: Market Shares, Strategies, and Forecasts to 2019" to their offering.
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Worldwide healthcare cognitive computing markets are poised to achieve continuing growth as the healthcare delivery system responds to new products. Growth is achieved in response to changing technology, better analytics, and new information systems that leverage natural language, and changing market conditions.

Healthcare decision support markets consist of traditional market participants led by McKesson and Watson from IBM. IBM Watson offers structured and unstructured data in combination. This represents a major breakthrough in what kind of decision support can be offered.

IBM Watson can provide a far more differentiated testing assessment. Watson knows what tests are relevant to further characterize a particular patient condition and what tests are not. It is a great help to physicians to have an assistant that is able to have read the latest journal articles and is loaded with medical information to recommend what tests may be relevant in a particular situation. Wrong tests, tests that are not useful in a particular situation, account for 30% of the costs of healthcare delivery in the US. This is a lot. To have a new system available that addresses these issues is great.

IBM Watson is initiating a new era of cognitive computing that extends the tabulator and application program intensive enabling new market opportunities based on cognitive performance. Watson is so powerful and so new that the uses for it are not even defined yet. The tools and methods released by natural language computing systems are remarkable. They are very exciting.

Watson is comprised of a core engine. This engine is more powerful than anything that has been designed by humans before. To the credit of IBM, the first purpose that Watson has been put to is to improve healthcare delivery. To those analysts following Watson, there is tremendous promise in the offing.

Key Topics Covered:

1. Healthcare Decision Support and IBM Watson Market Description and Market Dynamics

2. Healthcare Decision Support and IBM Watson Market Shares and Market Forecasts

3. Healthcare Decision Support and

4. Watson Product Description

5. Healthcare Decision Support Company Description

Companies Mentioned: