Business intelligence (BI) refers to the process of gathering data and turning it into useful insights. This data can be used to make better decisions about all aspects of a business, including operations, marketing, and sales. And in today's world, big data is crucial in enhancing processes in major industries like healthcare.
The positive effects of business intelligence (BI) and big data analytics on healthcare management are becoming increasingly apparent — especially when it comes to reducing hospital readmission rates. Take a look at why many hospitals and clinics are beginning to embrace the potentials of data-driven business.
The positive effects of business intelligence (BI) and big data analytics on healthcare management are becoming increasingly apparent. Take a look at why many hospitals and clinics are beginning to embrace the potentials of data-driven business.
At its core, BI software is all about data analytics.
Readmission rates are a key performance indicator (KPI) for hospitals. They indicate the quality of care the practice provides as well as the tendency of the establishment to get overcrowded. Some legislation even reduces government payouts to hospitals with high readmission rates.
Recently, Amazon Web Services (AWS) announced the creation of a new data analytics tool to lighten the burden on businesses when analyzing data in the cloud. This tool, referred to as “Glue,” is meant to clean up and organize data that comes into the cloud from various sources so that it can be analyzed by business intelligence software and data analytics experts.
The medical industry is one of the most data-rich business sectors of the 21st century. Patients that receive care have hundreds of data points associated with their medical history -- but how is this data being handled? In most cases, not carefully enough.
Are you making the most of one of your business’s greatest assets? Along with your loyal customers, your team of enthusiastic and hardworking staff, and your tastefully decorated store or office, there is an all-too-often-unsung hero just waiting to help you take your business to the next level: your data.