Here’s a shocker: Health care executives are less than thrilled by their organization’s ability to handle data.
Oracle recently published a report on big data, "From Overload to Impact: An Industry Scorecard on Big Data Business Challenge." It found that 77 percent of health care leaders rated their organization a “C” or below in their ability to manage the data deluge.
They probably could’ve skipped the survey, because it’s no shock that health care struggles with data of any sort, much less big data.
Not that the rest of the industries are in a position to “lord” it over health care IT: The same survey found that 60 percent of executives across all industries rated their organizations at a “C” or lower, eWeek reports.
Oracle’s full report, which is available for free download with registration, shows that 93 percent of respondents say their companies are losing revenue at a rate of 14 percent annually because they can’t manage the data. The problem is only growing, too: Organizations have accumulated about 86 percent more data over the past two years. Most of it — 46 percent — is customer information, too.
But, obviously, the spotlight is hot on health care right now, and managing records is a key part of the Patient Protection and Affordable Care Act, the article points out.
Health care is somewhat unique in that it tends to invest in solutions created by niche vendors. That practice is being criticized by some doctors in the industry, who say the electronic health records (EHR) vendors are contributing to health care’s data problems by refusing to use common standards and other practices designed to create vendor lock-in.