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Big Data Strategy For Provider Success

by Bernard Marr

Forbes

Article excerpt

Building Your Big Data Infrastructure: 4 Key Components Every Business Needs To Consider

In order to get going with big data and turn it into insights and business value, it’s likely you’ll need to make investments in the following key infrastructure elements: data collection, data storage, data analysis, and data visualization/output.

Our take

Meeting End User Needs Around Big Data

Now that most health organizations have the hardware and systems to collect data, they’re turning to considerations of how to strategically apply that data to address business and care delivery concerns. A well-considered strategy is critical, and should involve input from a variety of stakeholders, as well as ongoing communication and coordination to ensure time and resources are being used efficiently and effectively. Is your health organization reaping the rewards of big data?

As more and more data becomes available and relevant to provider success, it will be necessary for organizations to innovate and strategically decide how to make big data work for them. Few organizations are fully maximizing the value of the data they collect so there’s definitely opportunities for continual improvement. Considerations around data collection, storage, analysis and visualization/output can help to ensure a coordinated approach designed to meet end user needs.

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