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Home Business Intelligence Insights Making the most of the data explosion in healthcare

 

If you’ve been paying attention to the latest goings-on in the healthcare industry, you’ve probably noticed one unmistakable trend – there’s been a massive increase in the amount of data organisations have come across in recent years. The old days of doctors and insurance providers keeping medical records in filing cabinets are long gone. Today, everything is digitised, and with that, there’s the potential for an analytical revolution.

Potential can’t be unlocked without intelligence, foresight and a great deal of technical skill.

Potential is just that, though. It can’t be unlocked without intelligence, foresight and a great deal of technical skill. That’s the next step for the healthcare industry in the years ahead. We already have a lot of data at our fingertips, but the next step is harnessing it to unearth real insights and achieve tangible results in terms of superior patient care.

The great potential of big data in health

The “big data revolution” has swept many industries worldwide, but it’s perhaps nowhere more evident than in health. According to research from CDW Healthcare, we’re currently witnessing an explosion of health data – between 2013 and 2020, the total volume of global data in the industry is expected to grow from 500 petabytes to a whopping 25,000. This is largely happening because X-rays, mammographies and other modern medical procedures are putting a wealth of new information into circulation.

This growth in available data has the potential to transform patient care worldwide. If health organisations take the time to analyse all the information that’s out there and find trends that can inform their thinking, everyone will benefit.

This might be easier said than done, however. Using data to drive patient outcomes is a complicated process, and even for bright physicians and analysts, it doesn’t always come naturally. It might be necessary for the healthcare consulting industry to shed some light on the process.

Setting analytical goals and achieving them

Healthcare organisations can definitely make improvements through data analysis if they make a concerted effort to do so, but it won’t necessarily come easy. First off, it requires setting tangible and achievable goals. Is there a certain disease or condition you’re trying to limit? Are you looking to accelerate patient care? Cut costs? Whatever your aims, it’s important to document them and put a plan for achieving them down in writing.

What are your organisation’s analytics goals for this year?

It’s also crucial to begin the process using only the very best data – clusters of information that are riddled with errors are only going to lead to mistakes in patient care. Working from a starting point of high data quality standards is key. Fortunately, there are business intelligence solutions out there that can help organisations to improve upon their data and find key truths within it.

Knowledgeable consultants can help

In Australia, the healthcare industry has taken significant steps forward in recent years, but there’s still more work left to be done. If your organisation is looking to make further improvements, it might be wise to reach out for help with business consulting in Melbourne. At A to BI, we aim to deliver tailored consultancy services that meet the specific needs and goals of your business.

Our process begins with listening carefully and getting a handle on what you do. From there, we will work tirelessly to design, prototype and develop the solution you need. This might come in the form of an existing BI tool like QlikView, or it may entail devising an entirely new solution that addresses the particular challenges your business faces. In either case, we will not rest until you have exactly the BI infrastructure you need.

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