Revolutionize. Transform. Sure, those words are probably used too often these days. But they are certainly applicable when it comes to the impact that the Internet of Things will have on the world of healthcare. And that impact is already under way.
Everyday objects connected to the Internet are being used in lots of ways. Applications in the healthcare setting, though, have the potential to lower costs, improve care -- and even save lives.
As you might expect with any technology that truly is revolutionary, there are sure to be great opportunities for investors. Some technology companies seem likely to be winners as the Internet of Things gains ground.
Qualcomm (NASDAQ:QCOM), for example, is poised to reap rewards from use of its Snapdragon processors and its 2net platform for medical-device connectivity. Intel (NASDAQ:INTC) technology is and will continue to be key to many IoT devices.
Technology companies won't be the only ones to profit from adoption of the Internet of Things in healthcare, though. Health insurer UnitedHealth Group (NYSE:UNH) should benefit from lower healthcare costs made possible by use of IoT technology.
But how will the Internet of Things actually revolutionize healthcare? Check out the following slideshow to see five huge ways the technology will make a difference.
Keith Speights has no position in any stocks mentioned. The Motley Fool recommends Intel, Qualcomm, and UnitedHealth Group. The Motley Fool owns shares of Intel and Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.