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How the Internet of Things Will Revolutionize Medical Research

The Internet of Things (IoT) is revolutionizing the way we live and work. From tweeting refrigerators to driverless cars, a vast array of physical devices are now connected to the Web.

Nowhere is the impact felt as acutely as in the healthcare sector. This year, IoT deployments will grow faster in the health arena than in any other industry. In fact, according to McKinsey, the so-called “Internet of Medical Things” (IoMT) will have a global economic impact of $1.6 trillion by 2025.

Web-enabled medical technology has the potential to be truly transformative. To understand why, you only need to consider some of the potential applications. Imagine, for instance, a “smart pill” that, once swallowed, could collect diagnostic information from inside your body, and wirelessly transmit its findings to your doctor. Or how about a wearable ECG that inconspicuously monitors your heart 24/7 and pings an early warning to your doctor days or weeks in advance of a cardiac event?

Incredibly, both these gadgets are already in production, and have the potential to save countless lives and a huge amount of unnecessary suffering. And that’s just the beginning: As IoMT technologies reach maturity, they will revolutionize many medical treatments, lower costs across the board, radically reconfigure healthcare delivery, and improve health and wellness worldwide.

To get a sense of just how transformational this kind of connectivity can be, consider the following ways that the IoMT will revolutionize one vital aspect of healthcare—the way we run clinical studies.

Of course, it’s not all good news. The average clinical trial already costs $30–40 million to complete, and implementing new technologies and ways of working will likely require some additional initial investments. To succeed, tech-savvy researchers and practitioners will need to combine proven clinical know-how with new kinds of expertise in data science.

Most important, as a sector we’ll also have to dedicate serious time and energy to managing patient privacy and cybersecurity issues. New technologies bring new liabilities, and with regulators still running to catch up with new IoMT technologies, both device manufacturers and clinical users will need to pay close attention to the shifting legal landscape.

Still, for clinical trials and and the healthcare sector at large, the potential rewards far outweigh the risks. Across our industry, IoMT will enable us to conduct research in ways that would never previously have been possible. When it comes to the Internet of Things, a real evolution is underway in the healthcare industry.

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