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Healthcare Industry and #BigData By @Schmarzo | @CloudExpo [#IoT #DevOps]

We are seeing from industry to industry the transformational power of organizations leveraging data

Healthcare Industry and Big Data: Impending Business Metamorphosis?

I’m struck by what’s happening in the healthcare industry – between healthcare providers such as hospitals, and healthcare payers such as insurance companies – and how that industry is ripe for a metamorphosis into something much more efficient, effective and customer (patient)-centric. And within this metamorphosis, new power brokers are likely to emerge; those players who are able to leverage new sources of patient, physician, clinical, medication and care data to optimize key operational processes and dramatically reduce inefficient and unnecessary processes and procedures.

We are seeing from industry to industry the transformational power of organizations leveraging data – in the form of new customer, product and operational insights. We only need to look at the revolution started by Billy Beane and “Moneyball” – who set into motion a data and analytics revolution in how professional sports teams and players are evaluated, drafted, developed and managed.

But let’s review a history lesson from another industry that has already gone through this metamorphosis process – the Retail and Consumer Packaged Goods (CPG) industry – and what the ramifications for that metamorphosis might mean to the healthcare industry.

For more information and a history lesson from the Consumer Package Goods and Retail industries, see https://infocus.emc.com/william_schmarzo/healthcare_industry_big_data/.

 

More Stories By William Schmarzo

Bill Schmarzo, author of “Big Data: Understanding How Data Powers Big Business” and “Big Data MBA: Driving Business Strategies with Data Science”, is responsible for setting strategy and defining the Big Data service offerings for Hitachi Vantara as CTO, IoT and Analytics.

Previously, as a CTO within Dell EMC’s 2,000+ person consulting organization, he works with organizations to identify where and how to start their big data journeys. He’s written white papers, is an avid blogger and is a frequent speaker on the use of Big Data and data science to power an organization’s key business initiatives. He is a University of San Francisco School of Management (SOM) Executive Fellow where he teaches the “Big Data MBA” course. Bill also just completed a research paper on “Determining The Economic Value of Data”. Onalytica recently ranked Bill as #4 Big Data Influencer worldwide.

Bill has over three decades of experience in data warehousing, BI and analytics. Bill authored the Vision Workshop methodology that links an organization’s strategic business initiatives with their supporting data and analytic requirements. Bill serves on the City of San Jose’s Technology Innovation Board, and on the faculties of The Data Warehouse Institute and Strata.

Previously, Bill was vice president of Analytics at Yahoo where he was responsible for the development of Yahoo’s Advertiser and Website analytics products, including the delivery of “actionable insights” through a holistic user experience. Before that, Bill oversaw the Analytic Applications business unit at Business Objects, including the development, marketing and sales of their industry-defining analytic applications.

Bill holds a Masters Business Administration from University of Iowa and a Bachelor of Science degree in Mathematics, Computer Science and Business Administration from Coe College.

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