Today, healthcare costs are much higher than they should be and have been growing steadily over the past 20 years. In fact, according to astudyby McKinsey, healthcare expenses represent nearly 17.6% of United States’ GDP. Due to the rising cost of healthcare, it’s time to look at sma...
The future of AI in healthcare is bright, with emerging trends such as AI-driven genomics and predictive modeling shaping the next wave of medical advancements. As technology evolves, the potential for AI to improve healthcare delivery and patient outcomes grows exponentially. Additionally, recognitio...
This brief article will highlight the ways that data analytics has helped make significant changes in healthcare.Let’s get into it!The State of Healthcare Data TodayThe healthcare sector reportedly generates about 30% of the world’s data volume . That number is said to reach 36% by 2025...
Sentiment analysis, also known as opinion mining, is used to measure patients’ perceptions about the care and treatment they receive and the kinds of services they want. It helps uncover opinions, attitudes, and emotions based on what patients feel and say about their care. It identifies patien...
Part of the value of data analytics tools in healthcare is that they can be used to pinpoint information that’s important to your organization. To accomplish this, however, you need to figure out what key performance indicators are most valuable to you in advance and focus on measuring th...
Healthcare technology, or “healthtech,” refers to the use of technologies developed for the purpose of improving any and all aspects of the healthcare system. From telehealth to robotic-assisted surgery, our guide will walk you through what it is and how it’s being used. ...
L.B. Madsen, "Data-Driven healthcare: how analytics and BI are transforming the industry," Jon Wiley and Sons, Inc. Hobokem, New Jersey, NY, 2014.L. B. Madsen, Data-driven Healthcare: How Analytics and BI Are Transforming the Industry, Hoboken, New Jersey, USA: John Wiley and Sons...
Beyond any single analytics capability or software, many health care and government organizations that have so far excelled in their response to COVID-19 have nurtured a culture of analytics. This is not a new idea. But it is rare to be able to see the benefits of an anal...
Behavioral analytics focuses on studying the actions and behaviors of people, groups, or organizations in different contexts, such as business, healthcare, marketing, and security. This field involves collecting and analyzing data from various sources to gain insights into patterns, trends, and anomali...
Predictive analytics:This moves to what is likely going to happen in the near term. What happened to sales the last time we had a hot summer? How many weather models predict a hot summer this year? Prescriptive analytics:This suggests a course of action. For example, we should add an eve...