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5 Health Care Data Analytics Myths Debunked

  • 5 Health Care Data Analytics Myths Debunked-

    Bigger Is Better

    Myth 5: No one got fired for buying from the biggest BI companies.

    The biggest myth of them all: Bigger isn't always better. Before partnering with a BI company, make sure that data quality leads your decision, not the size or stature of the analytic vendor. Data can be tricky so picking a partner that understands the complexity of your data and business is imperative. A best practice to keep in mind is to select a vendor that can help guide you on your journey of which KPIs to analyze and that will uncover opportunities for improvement. Deriving value from data doesn't just happen; it needs to focus on both the technology and the human element of an analytics program.

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5 Health Care Data Analytics Myths Debunked

  • 1 | 2 | 3 | 4 | 5 | 6 | 7
  • 5 Health Care Data Analytics Myths Debunked-6

    Bigger Is Better

    Myth 5: No one got fired for buying from the biggest BI companies.

    The biggest myth of them all: Bigger isn't always better. Before partnering with a BI company, make sure that data quality leads your decision, not the size or stature of the analytic vendor. Data can be tricky so picking a partner that understands the complexity of your data and business is imperative. A best practice to keep in mind is to select a vendor that can help guide you on your journey of which KPIs to analyze and that will uncover opportunities for improvement. Deriving value from data doesn't just happen; it needs to focus on both the technology and the human element of an analytics program.

Research and Markets recently predicted that the health care data analytics market will grow to more than $34.27 billion by the end of 2022. Though the majority of organizations understand the value of a business intelligence platform, many are still perplexed when it comes to choosing the best solution for their organization. Add to that the mass of health care analytics myths that are plaguing the industry and the selection process can quickly become tedious and overwhelming.

To ease the process, business intelligence provider Dimensional Insight, which was named 2015/2016 "Best in KLAS" in business intelligence/analytics, is debunking the top five health care analytics myths to allow companies to choose the best platform based on their organizational needs.