How to Think About Your Healthcare Data Strategy

Patient healthcare information is some of the most personal data that’s recorded about any of us. Almost all of this content is stored in the form of electronic medical records (EMR) or electronic healthcare records (EHR).

Unfortunately, EMRs / EHRs are a prime target for hackers, with over 230 healthcare data breaches impacting over 100 million people in 2015. This is a huge issue for individuals and the organizations tasked with protecting their data. Data breaches cause reputational damage, loss of trust, and have a significant financial impact.

In the United States, private healthcare data is protected by the Health Insurance Portability and Accountability Act (HIPAA) which provides strict rules, regulations, and compliance for anyone handling patients’ medical data. Breaches of these regulations lead to large fines for organizations, with over $23,000,000 fined from businesses in 2016.

If you want to avoid reputational impact, loss of trust, and financial damages, you must have an effective strategy in place for handling medical data. Here are the key areas you’ll need to cover.

Realize Why Healthcare Data Governance is so Important
Start by getting proper data governance in place. This means understanding the “big picture” for your healthcare data needs, including:

  • Policies for handling all medical and healthcare data.
  • Processes for how medical data is created, transmitted, stored, managed, used, and archived.
  • Understanding gaps between how your organization handles healthcare data and HIPAA compliance.
  • Getting the right training and auditing processes in place across all employees, systems, stakeholders, and more.

Understand that Healthcare Data Governance and Strategy Applies to All Data, in Any State

Regardless of the medical data you collect or how it’s used, your data governance and strategy can’t have any exceptions. From the moment the data is created throughout its lifecycle, it needs to be rigorously protected and treated with the highest levels of encryption, confidentiality, and access rights.

Whether your data is at rest, being transmitted between systems, or is in an archived state, this need for strong controls never changes. This doesn’t just apply to data handling in your organization, it also extends to whoever and whatever you share that data with.

Build Data Security into Every Business Process

Healthcare data handling and security brings together many different areas — policies, people, technology, processes, and more. It’s vital that security, resilience, and data protection are applied throughout every single business process that involved handling, managing, transmitting, or storing healthcare data in any way.

Carry Out Vulnerability Assessments and Data Auditing

Once you have a robust healthcare data strategy in place, it’s vital to test and improve it over time. You should build regular threat assessments, vulnerability testing, and auditing into your healthcare data strategy. This will help you identify and resolve potential weak spots.

Healthcare data strategy and information governance is something you need to take very seriously. The right approach, coupled with robust technology will provide you with the peace of mind that you’re meeting your medical data security commitments.

Four Reasons IoT Manufacturers Need Cloud-Based Data Storage

The Internet of Things (IoT) is one of the fastest growing technology trends in the world, with spending projected to increase by 20 percent year on year. As more smart devices become interconnected, the need for fast, scalable, secure IoT data storage has never been greater.

The installed base of IoT devices is expected to grow to 20 billion by 2020, driven by explosive uptake in the consumer and industrial sectors. IoT manufacturers, network providers, and data storage businesses must work closely together to provide the access, demand, and capacity for all the information these devices will generate.

The amount of data created is expected to exceed 40 trillion gigabytes by 2020, with 10 percent of that information generated by IoT devices. This exponential growth in data combines with ever more sophisticated devices and increasing consumer demands to create unique opportunities in the marketplace.

That’s why smart IoT manufacturers are choosing cloud database storage for their IoT needs.

Cloud-Based Data Storage for IoT is Secure and Resilient

With the huge focus on data breaches recently <link to Equifax piece when published>, it’s vital that all data is handled in a safe and secure way. This applies throughout the lifecycle of data — when it’s created, transmitted, stored, accessed, or archived. IoT providers need the peace of mind that comes from knowing any data created by their devices is properly encrypted and available only to authorized users.

Cloud-Based Data Storage for IoT is Instantly Scalable

With the predicted rise in IoT data needs, storage solutions have to keep up. As these solutions scale, they must continue to offer best-in-class performance, availability, and access speeds. Onsite data storage has a significant lag time between being needed and being delivered. Cloud-based data storage for IoT is available on demand and can flex as demand changes.

Building Out Bespoke IoT Data Storage is Expensive and Time-Consuming

Fast, secure, and resilient data storage isn’t a core competency of IoT manufacturers. It’s expensive and difficult to build infinitely scalable, encrypted cloud storage for IoT. It makes sense for IoT manufacturers to outsource cloud storage to experts like Panoptex so they can access what they need, as they need it.

IoT Manufacturers Need to Focus on Their Core Business

It’s vital that IoT manufacturers get their strategy right. From consumer research through product and design and into launch, they should not be distracted by IoT data storage needs. Instead, they need to focus on the essence of what they do and on delivering best-in-class devices that meet user needs.

That’s why Panoptex offers OfxCloud™, a complete, secure, scalable, on-demand solution for all your IoT cloud storage needs.