Data is flooding into the healthcare industry from a myriad of sources–e.g. electronic medical and health records, insurance claims, clinical research studies, social determinants and the vastly growing Internet of Things network. Healthcare organizations are finding it a great challenge to manage their data, especially within an industry of ever-increasing complexity. Indeed, the sheer amount of data alone can seem overwhelming. But, as is the case with information, the amount of data is not the problem. Author David Allen joked, “If it was, you’d walk into a library and die. The first time you connected to the Web, you’d blow up, and merely browsing a newspaper would make you a nervous wreck.”
Cost of Data Decay
Data with a Purpose
The big data problem in healthcare is not necessarily the amount but rather the harder to quantify quality of it. The solution is to develop a strategy that is rooted in producing real business value and then building an analytics capability for the task at hand. Reach out to Amitech if you would like to know more about how we approach building data analytic strategies for our clients.