The Internet of Things Is Transforming Health Care, But There’s One Huge Risk

googlecontactlens-large_600x400From fitness trackers to medical devices that track specific conditions such as Huntington’s disease or asthma, technology and healthcare companies are increasingly joining forces to utilize the Internet of Things to better monitor patients’ health and help prevent diseases.

The possibilities for both device makers and Big Pharma to collaborate with tech companies are vast, which is no surprise given that more than $3 trillion was spent on healthcare in the U.S. in 2014, and likely even more than that in 2015, according to the Centers for Medicare & Medicaid Services.

Alongside countless digital health startups, a wave of collaborations has already taken place as companies look to get ahead of what remains a very ill-defined market. But these new opportunities aren’t without risk, and for device makers and other healthcare companies, that uncertainty is largely centered around security.

By  | The Street


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