Business intelligence in healthcare: How data can transform

Everyone who cares about health should care about data According to Grandview Research, "The global healthcare business intelligence market size was valued at $4.61 billion in 2018
 
 
Spread the Word
Listed Under

Tag:
Biconsulting

Industry:
Information technology

Location:
Seattle - Washington - US

Subject:
Services

SEATTLE - Aug. 4, 2020 - PRLog -- Everyone who cares about health should care about data

According to Grandview Research, "The global healthcare business intelligence market size was valued at $4.61 billion in 2018 and is projected to expand at a CAGR of 12.8% over the forecast period."

The increasing need to attain a better operational workflow and enhanced patient care mainly by healthcare providers, payers, and manufacturers are some of the key factors propelling the growth.

Business intelligence and big data are expected to play key roles in the future and are projected to boost market growth. The healthcare industry has the potential to positively impact all the stakeholders including patients, clinical staff, physicians, employers, payers, and providers with the help of the business intelligence solutions.

How data helps healthcare to transform:

All major global tech giants gather, aggregate and monetize personal data in return for free online services. What if this data-sharing model was applied to medical discovery, or expanding treatments for rare-disease patients?

Recently, digital health has been growing exponentially as big data, artificial intelligence and other technologies come to the fore, although many would argue healthcare is slow to adopt and innovation is behind wider society.

Healthcare analytics enables hospitals and other healthcare units to strategically move the core focus of their organization from 'volume of patients' to 'value provided to each patient'.

With the help of a healthcare data analytics platform, organizations will be able to reduce operational costs, increase access, and improve care while creating a positive financial margin in a dynamic health economy.

Digital technologies will help in understanding the patient experience better, their environment and lifestyle, particularly during clinical trials. Data-driven decisions could increasingly determine whether to accelerate or stop the development of new innovations in healthcare.

About Technovert:

Technovert offers comprehensive business intelligence consulting services (https://technovert.com/business-intelligence-consulting-s...) inclusive of Power BI solutions, Data Visualization, Dashboard Design & Development along with DBA support services.

By leveraging valuable and business-critical insights with the help of BI, you gain a competitive edge in the market.

Contact us (https://technovert.com/business-intelligence-consulting-services/?utm_source=Blogtv&utm_medium=articles&utm_campaign=bikvar8) or schedule a meeting (https://technovert.com/business-intelligence-consulting-services/?utm_source=Blogtv&utm_medium=articles&utm_campaign=bikvar8) with our BI experts now.

Contact
Technovert Solutions
***@gmail.com
End
Email:***@gmail.com
Tags:Biconsulting
Industry:Information technology
Location:Seattle - Washington - United States
Subject:Services
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share