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The Benefits of Data Analytics in Healthcare

Industries today are embracing the critical value of data analytics in their organization. They invest in building a stable information management system to store their data and create a group who will extract meaningful insights from the stored data.

This holds true even in the field of healthcare. That is why institutions are drastically waving goodbye to manual processes and now focus on automation. One avenue to focus on is data analytics. They are learning to capitalize on insights and analytics from whatever data they have, to serve patients in a faster and accurate manner.

Why then is Data Analytics Important in Healthcare?

Every data that enters into a system is a piece of a puzzle regardless of how simple it is. Data from patients, insights and diagnosis from the medical professionals, and hospital records combined can create a network of trends that can be beneficial.

When the COVID-19 pandemic hit Wuhan, healthcare professionals didn’t have any idea what the virus was all about, the reason why it was initially called Novel. The good thing is that over time, the World Health Organization and other healthcare experts around the country utilized their various data collection tools and processes which enabled information and knowledge to be shared across the globe. Though this has now become a pandemic, every country can do their trending and analysis of the data, classifying its severity and identifying the control measures that need to be done in each category. Understanding the relationship between patient demographics (age, sex, gender) and their existing health conditions through research and data can help healthcare professionals make object decisions. 

With data analytics, a clearer picture of a trend is seen right away. And once the pattern has been established, a sound analysis follows. With the use of data analytics tools, historical and even real-time trends can be displayed to help a healthcare institution act on an issue in a quicker manner.

Creating Solutions to Emerging Facility Problems

Data analytics in the healthcare field not only focuses on patient care, but they also are valuable in managing healthcare operations. The reports gathered from various departments play a vital role in enhancing the overall service delivery of the facility.

The Outpatient Department (OPD) is one of the busiest and can get even busier once ‘normal’ healthcare operations get back to how it was prior to the lockdowns implemented in most countries as one of the COVID-19 preventive measures. The predicament of most of the patients in the OPD is dealing with the long waiting times. It starts from patient registration, initial screening, checking HMO coverage, being lined up in the doctor’s waitlist until they get to the face-to-face interaction with their doctor. 

With data analytics coupled with nursing triage strategies, hospitals can come up with solutions on how to shorten the waiting time of the patients in the OPD. Perhaps, a process needs to be automated, or a procedure needs to be omitted or tweaked, or even empower patients to do transactions on their own.

Because of data analytics, creating solutions becomes more accessible and faster. Healthcare institutions need not spend much to implement improvement. They need not wait for months to prove that their solution is valid. With data backing up their plans and implementations, it is also easier to convince people to adhere to any changes done within the organization.

Research and Development

data analytics - health

Healthcare is not all about treatment. More than that, prediction and prevention of the onset of any disease is important & crucial to accurately diagnose and manage treatment. This is where research and development enter the picture. However, it is not very easy to do experiments and clinical trials without data. With data analytics, researchers can proceed with the conclusion in minimal time.

One of the most controversial research these days is the use of Cannabis in treating diseases. A lot of clinical experiments have been done to prove the claim. Though it is not yet accepted by many, there are healthcare institutions backing up the trials because the results presented are supported with data analytics.

Data analytics can also help eliminate trials conducted on humans and animals. Life need not be sacrificed to prove the effectiveness of an experiment. Data itself becomes the proof. That is why healthcare institutions have designated the R & D department and bank on data analytics to help them prove their experiments. Because of this, continuous efforts to look for a cure to ailments we never thought can be cured is not hampered anymore.

Robust Data Management and Analytics System

The first step is to build a robust data management system. Having massive data that enters into the system, there is a need to make everything in order.  Any attempt to have a sophisticated data analytics set-up would fail if the data management system were set aside.

Healthcare institutions may invest in a sophisticated database so they can collect clean, complete, and accurate data.

Of course, the very purpose why data is collected is to be analyzed. Data must be transformed into meaty information and actionable plans that can be used for accurate diagnosis and identifying best treatment needed. It will be helpful if healthcare institutions have designated data analytics teams. They can also invest in artificial intelligence to make it more sophisticated.

However, a considerable chunk of the budget must be allocated to the operational and labor cost of quality analysts if they want to invest in effective data analytics. According to the market trend, a data analyst earns $60,000 a year in the US. Top data analytics tools cost thousands too.

Let Infinit-O Help You

To save on operational costs of up to 70%, a great option is to build a highly skilled Data Science Team, Research Analysts and even a Cyber Security Group with a trusted global solutions partner. Infinit-O is one that has a proven track record in the field of data analytics. We can help you meet your goals, whether they be growth, better productivity or simply bottom-line cost savings. With access to excellent talent who use cutting-edge technology, we provide some of the best strategic solutions for your business. We are ISO-certified and GDPR-compliant, so your company and client data are safe with us.

Let’s Build a Great Team for you – starting with Research and Data. 

Start small. Exceed expectations. Think infinitely. Think Infinit-O.

1 month ago No Comments Views

The Value of Research and Data in Crisis

Events such as calamities and health crises propose dire consequences which require responses and resources beyond the capability of a single unit. These incidents do not just threaten the lives of people but inordinate economic losses affecting both small and large businesses. 

Whichever industry your business belongs to, you will come across a testimony on how research and data has helped them overcome challenges such as crises. It might be curing a disease, improving a company’s revenue after a global lockdown or understanding the economic market. Simply put, data is another word for information and these so-called information can begin on answering lingering questions which eventually produces strategies and techniques. Therefore, having a great research and data team for your business especially in times of crisis has its value.

Devising Crisis Mitigation Measures

Health crises and natural calamities are unforeseen and unpredicted events which most often than not catches us off guard. For instance, the recently declared pandemic COVID-19 took everyone by surprise. It’s first occurrence was reported late December 2019 in Wuhan City, China. 3 months later, the virus has spread in 145 countries with 180,000 confirmed cases and over 7,000 deaths. But through the help of research analysts, scientists and data collectors, the initially-thought community illness was rightfully declared pandemic and appropriate mitigation responses were made.

Research and data are vital tools in linking an underlying problem with tangible evidence to understand and analyze important information and aid decision makers on effective planning and intervention. In every crisis, may it be health or disaster, businesses can suffer immensely. Obtaining data (qualitative and quantitative) helps in analyzing information objectively thus creating equally objective solutions to a problem. Making a decision based on poor quality data is risky and may lead to disastrous results for your company and the safety of your people. But having a state-of-the-art data collection and analysis techniques builds an important knowledge base and proactive preparation for your business. Real time decision making and information dissemination during any crisis can assist executives and business leaders alike in responding efficiently and effectively by not risking the business while protecting team members in trying times.

Stops Full Blown Crisis

Research and data allow you to monitor the situation in your organization in times of crisis. By utilizing data for quality monitoring, organizations are able to respond to a molehill crisis before it becomes a mountain of problems. Effective monitoring allows you to be more proactive rather than being reactive and will aid you in maintaining best practices overtime. Businesses can effectively determine a problem and visualize the relationship of each department and how they can contribute to a solution within your organization while you can monitor errors in place. It also assists looking at different crises side-by-side and in return allows you in formulating accurate theories and put into place more effective solutions.

The solutions you propose for your company will be backed up with a strong argument in cases system change is needed. Whether you’re advocating on transitioning your employees to remote work or making changes in your company’s regulation for the security of your people and your clients, these decisions will be supported by data and allows you to demonstrate why changes are needed. It also stops the guessing game by helping you explain the good and bad to your stakeholders. Whether or not the strategies and decisions you made results in an outcome you perceive to happen, you are confident enough that you develop your approach based on good solid data.

Allows Strategic Approaches

Data equals knowledge. Good data is undisputed evidence which results in informed decision. While anecdotal decisions based from assumptions or abstract observation may lead to water down crisis management due to taking action from an incorrect conclusion.

Research and data allow organizations to analyze the effectiveness of your approach in crisis and the strategies you formulate. When strategies are put into place to overcome a challenge, collecting data will allow you to determine your planned solution is performing, and whether or not your approach needs to be changed over time. It also increases the efficiency of your planning strategies supporting your analysis and allows you to direct scarce resources where they are most needed. There will always be increased business-impacting incidents during crisis that data can dissect further whether the increase is widespread or isolated in a particular department in your organization. If the issue is isolated, training, staffing and other resources can be deployed precisely where they are needed. On the other hand, it also aids organizations to determine which areas should take priority over others.

These strategic approaches allow you to assess how well your organization is doing in times of crisis. Data analysis identifies effective mitigation measures and assessing how the business is running amidst crisis by identifying high-performing programs, service areas, and people. Once identified you can develop strategies to assist programs, service areas and people that are low-performing.

Prepare now and win later

To maximize the value of research and data, having a great team of analysts in your organization prior to being in a crisis is the best key in winning this type of business hurdle. To save on cost and have access to other excellent resources, one proven action to take is to outsource.

At Infinit-O we build great teams of trusted research and data specialists that can help you build and operate a dedicated team of research professionals designed for your unique needs. We can help you meet your goals before and even during a crisis whilst achieving better productivity or simply bottom-line cost savings. With access to a great team of research and data experts who use cutting-edge technology, we provide some of the best strategic solutions for your business. We are ISO-certified and GDPR-compliant, so your company and client data are safe with us.

By working with Infinit-O, you can have your team of data analysts up and running in 30-45 days. You need not spend time recruiting and hiring an expensive workforce. Let us do that work for you and save you a tremendous amount along the way. 

Let’s Build a Great Team for you – starting with Research and Data. 

Start small. Exceed expectations. Think infinitely. Think Infinit-O.

2 months ago No Comments Views

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Cloud Security and Its Significance with Outsourcing

Since 2010, outsourcing has been slowly transforming and adopting cloud-based computing elements for as much as 10% of their operations. It is one trend that forecasters see will continue, even growing to as much as half or more of a typical outsourcing scope during the next five to seven years – a transition of outsourcing engagements toward cloud-based models. This shift will have a huge impact on infrastructure, operations, training and resources, and most of all, security.

Cloud services are changing the very core of outsourcing. What can be viewed as benefits pose as risks too, things that need to be dealt with in such a way that brings to the forefront the most important challenge in cloud computing – ensuring security.

Cloud services will transform outsourcing

Cloud computing will differ from traditional outsourcing in a big way, which can clearly benefit the customer and improve the operations of the provider. From using active agents (data controllers) to using passive self-service usage of resources, providers will be able to save in data infrastructure and using human technology or resources.

Cloud services use standardized and most often, shared infrastructure or environment, so employing affordable hardware catering to client needs is doable. Access and control are very important and huge differences in cloud services – clients have access to their information real-time and access control need to be regulated, secured, and controlled.

Cloud security will play a huge role in outsourcing contracts

The dynamics between client and provider will have a noticeable shift with cloud-based services relying not on volumes and instances – a metric most outsourcing providers base their fees on. Cloud-based services are also generally shorter than traditional outsourcing contracts so the challenge for providers to have a cloud that can entertain and cater to different clients while keeping all of them secure and apart will demand resources.

This shouldn’t be a big challenge as what savings providers get from shrinking requirements of infrastructure can be truncated to splurge on security programs, hardware, and qualified IT experts.

Outsourcing providers should take advantage of cloud technology

Cloud services, like any other service, come with risks but are manageable. The inconvenience of transition is very minimal compared to the advantage in crafting and being ahead of next-generation outsourcing agreements.

Providers can offer flexibility in their current outsourcing commitments, offering a change in plans towards partially (or fully) migrating (or testing) the cloud. Of course, the need to be transparent on what are the partners (or sharers) in the cloud is important. The issue of charging is another consideration. Since cloud services have a clear advantage of having access, anytime, anywhere, consumption patterns will double.

Cloud security can be a new outsourced option, even for providers

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Zscaler is a known IT security company provider that is employed by 5,000 enterprise and government organizations worldwide to become protected against cyber-attacks and data breaches while staying fully compliant with corporate and regulatory policies. Zscaler was recently named JMP Securities “Hot 100” Company mainly because of its capability to build a modern cloud security platform that enables its clients to embrace innovation securely. It transforms the market for Internet security.

Cloud services set a new age in technology where all businesses will not only outsource but also become virtual. Corporations will manage complex ecosystems of cloud providers, IT suppliers, and business process outsourcers as well as a host of other parties, both internal and external. And security will be at the center of it all making sure trust is earned from clients so business operations can continue for providers.

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