Data is one of the most valuable resources of any business if used correctly. Healthcare is no exception – with the right collection, storage, and analytical methods, patient outcomes can be drastically improved. There is a huge range of benefits for patients from using data well, including better treatment effectiveness, earlier diagnosis, more personalized care plans, and faster time to market for new therapies. Thankfully, there is a wealth of information to help drive healthcare facilities towards these outcomes, including diagnostics, prescriptions, and electronic medical records. In fact, the healthcare industry as a whole generates about 30% of the world’s data volume, so there is plenty of source material to use for research into better practices.
However, many healthcare organizations are far from a perfect state for their data usage. Executives are well aware of this problem – 80% of healthcare org leaders claim to not fully trust their organization’s data and don’t believe they have the resources to use it correctly. One problem facing many of these orgs is the fact that their data sources are highly fragmented. Knowledge workers have to spend 30% of their work week tracking down the right data to do their jobs across up to 40+ different platforms. Disparate data sources also lead to a higher risk of privacy breaches and data leaks, which is a huge problem for an industry dealing with sensitive information. One potential solution is to invest in building a data warehouse, which is a centralized repository that can store vital healthcare data in one centralized location.
Source: Megadata
