Business intelligence, data discovery, and analytics are becoming vital to reaching objectives for improving clinical, financial, and operational functions.
Seattle, WA (PRWEB) December 06, 2013
TDWI Research has released its newest Checklist Report, Seven Steps to Realizing Value from Business Intelligence and Discovery Analytics for Healthcare Providers. The report explains how the latest BI and data discovery tools can enable a wider spectrum of healthcare managers and practitioners to analyze data to learn how to reduce readmissions, improve quality of care, and employ evidence-based medical insights.
“The healthcare industry is experiencing a data-driven renaissance. In the U.S., organizations are responding to changes in regulatory policy brought on by the enactment of the Patient Protection and Affordable Care Act (PPACA), which requires new types of data gathering, performance metrics, and analysis,” writes David Stodder, author of the report. “Major shifts in patient demographics, patient expectations, and the business ecosystem are also hiking increasing demand for better data access and analysis. Business intelligence, data discovery, and analytics are becoming vital to reaching objectives for improving clinical, financial, and operational functions.”
The report addresses how healthcare providers such as hospitals, clinics, and other practitioners are making up for lost time after years of lagging behind other industries in data prowess. Stodder explains why it is vital that these practitioners improve their users’ interaction with data. In addition, Stodder explains how BI and analytical discovery are incorporating big data sources—both internal and external—to improve quality of care, patient outcomes, and profitability.
The report looks at seven steps the healthcare industry can follow to shorten their time to insight and maximize analytic results. Stodder explains:
- How self-service BI and visual discovery tools can play an important role in helping users interact with data
- Why data visualization is vital to the healthcare industry as it helps nontechnical users employ graphical interfaces to discover insights
- Why healthcare providers should deploy dashboards to improve data interaction and comprehension
- The need for organizations to determine whether electronic health records offer adequate data access for operational reporting
- The advantages of in-memory processing for increased analytical speed and flexibility
Although most healthcare providers are new to advanced analytics, interest is growing in the use of statistical, quantitative, and mathematical analysis of electronic health records and big data sources. Rather than be satisfied with static reports, subject matter experts want to engage in an interactive approach, asking questions of the data that lead to still more questions until their inquiries are satisfied. Stodder explains the role of visual discovery to realize such value from healthcare analytics.
This research was sponsored by Datawatch Corporation.
For a complete copy of the report or to ask questions of the author, members of the press should contact David Stodder at dstodder(at)tdwi(dot)org.
The report is freely downloadable by the public at http://tdwi.org/research/2013/11/checklist-business-intelligence-and-discovery-analytics-for-healthcare.aspx; a short registration is required for those downloading a TDWI report for the first time.
About the Author
David Stodder is director of TDWI Research for business intelligence. He focuses on providing research-based insight and best practices for organizations implementing BI, analytics, performance management, data discovery, data visualization, and related technologies and methods. He is the author of TDWI Best Practices Reports on mobile BI and customer analytics in the age of social media, as well as TDWI Checklist Reports on data discovery and information management. He has chaired TDWI conferences on BI agility and big data analytics. Stodder has provided thought leadership on BI, information management, and IT management for over two decades. He has served as vice president and research director with Ventana Research, and he was the founding chief editor of Intelligent Enterprise, where he served as editorial director for nine years. You can reach him at dstodder(at)tdwi(dot)org.
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David Stodder, TDWI