Industrial Revolution of Data
When we talk about assets we may think of money, buildings, people, or supplies, but in healthcare, the asset that is growing in volume and importance, is data. In Rick Smolan’s book The Human Face of Big Data, two statements relate to our discussion this week and the course in general.
“Every two days, mankind creates as much information as it did from the dawn of civilization until 2003. The amount of information that an average person is exposed to in a day is the same as a person from the 15th century was exposed to in his lifetime (Smolan, 2012).”
After reading the above information from Smolan’s book, think about the amount of data you generate or interface with daily. Compile a list of all the data point interactions and trace where the information originates and eventually ends. For example, if you use your credit card, where does the transaction information go and how is it used. Are you concerned about the explosion of data and your personal information? Why or why not?
Guided Response: Your initial post should be a minimum of 250 to 300 words and address each component explicitly. Post a minimum of two follow-up responses to peers by Day 7. Each peer response should be a minimum of five full sentences and should compare your interactions with that of your peer. Your three required posts must be on three different days of the week.
Expert Solution Preview
Introduction: The healthcare industry is witnessing a significant transformation with the advent of the digital era. The amount of data generated and shared in the industry is increasing at an unprecedented pace, making data the most valuable asset. In this assignment, we will discuss the industrial revolution of data and its impact on the healthcare sector, along with the concerns related to personal data.
Q: Compile a list of all the data point interactions and trace where the information originates and eventually ends.
A: In today’s world, we generate and interface with data at every moment. Some of the data point interactions that I have compiled are:
– Sending an email or text message
– Browsing the internet
– Using social media platforms
– Using a credit card for transactions
– Making a call
– Using healthcare apps
– Sharing personal information with healthcare providers
The origins of this information could be from us, our devices, or third-party sources. For example, our phones would be the source of browsing data, while a healthcare app will generate data related to our health. The end destination of this information could be various entities, including the organizations that provide a service or a third-party data collector.
Q: Are you concerned about the explosion of data and your personal information? Why or why not?
A: Yes, I am concerned about the explosion of data and personal information. The reasons for my concern are:
– The possibility of data breaches that could lead to the misuse of sensitive information for financial or malicious purposes.
– The misuse of data to exploit end consumers through targeted marketing, which could significantly impact privacy.
– The collection of vast amounts of data could lead to the creation of unintended bias in algorithm-based decision-making processes in healthcare.
In conclusion, the healthcare industry is undergoing a revolution with the increased use and sharing of data. While this provides opportunities for improving the quality of care services, it also raises concerns related to privacy and security. Therefore, it is essential to maintain a balance between transparency and safeguarding consumer data.
