DATA ANALYTICS
5 Ways Cloud Computing Makes Data Scientists Productive
Data science is becoming more prevalent now, so the typical approach of using local computers is no longer supporting the pace of this fast change. Extending data science work to the cloud provides data scientists with options that will make them more productive with...
Why does Healthcare Need to Leverage AI to Save Lives?
The healthcare industry is one of the most popular industries for the implementation of artificial intelligence. The market revenue in 2014 was $633.8 million and it’s estimated to reach $6,662.2 million by 2021. However, market growth aside, there are more important...
Implementing Fast Healthcare Interoperability Resources (FHIR) for Compliance
“In early March, the Centers for Medicare and Medicaid Services (CMS) and the Office of the National Coordinator for Health Information Technology (ONC) released two sets of rules on information blocking. They made two dramatic changes: patients would be able to more...
Using Big Data for Financial Fraud Prevention
Although technology has made banking more convenient for customers, it has also opened up new avenues for fraud. Financial fraud statistics show that account fraud, credit card fraud, insurance fraud, scams, and other fraudulent acts cause millions of dollars in...
The Role of Big Data in Preventing Healthcare Fraud and Waste
Due to the complexity of medical procedures and the variety of goods and services available today, medical billing is prone to errors and waste. Mistakes in electronic medical records are common, and many patients don’t examine their monthly insurance Explanation of...
Leveraging Data and Analytics in Radiology
Healthcare, indeed, is a complex domain to unravel but it is not impossible. Over time, clinics and hospitals have gathered different technologies to solve different aspects of clinical or medical problems. Now that analytics is the norm of running a more impactful...
13 Digital Transformation Opportunities for Financial Services
Financial institutions may be a part of everyday life in the United States but recruiting and retaining customers isn’t easy. Satisfactory customer experience and customer trust are crucial to banking, investing, and loan services, especially when there are so many...
Applying AI to Process Manufacturing
What do Rolls Royce, Siemens, and General Motors have in common? All of them use Artificial Intelligence to increase production efficiency and reduce costs. According to recent studies, the AI market will reach a fascinating $190.61 billion by 2025, which only proves...
Python & R vs. SPSS & SAS
Although computer programming has improved exponentially in the past several decades, not all programming languages are capable of processing the data used for machine learning. Big data has grown significantly, and the resulting data sets are both larger and more...
Cloud Migration – Is it too late to adopt?
“Action is the foundational key to all success.” – Pablo Picasso No technology gets adopted overnight. On-premise environment provides full ownership, maintenance, responsibility. You pay for physical machines and virtualizations to meet your demands. Lately, such...
The Power of Big Data and AI in the Fight Against COVID-19
The emergence of a novel coronavirus in December 2019 has had the medical community on edge. Public health officials around the world have faced an uphill battle in treating current cases and preventing the further spread of the virus. The 2002 SARS outbreak, and...
Why is Digital Transformation Important for Healthcare?
We’re already three months into the 2020 decade and companies are strategizing about how they can digitally transform to serve their customers better; whether to enhance current business processes, bring new products and services to market or deliver new customer...
How Your Healthcare Organization Can Use Marketing Analytics to Drive Decision-Making in 2020
Although medical treatment is at the core of every healthcare organization’s mission, patient outreach and marketing are essential to its survival. Marketing teams must work hard to strategize, create ad campaigns, and gather data to ensure continuous growth....
COVID-19: Navigating the Ship
Background: COVID-19 On January 30th, 2020, the World Health Organization (WHO) officially labeled the COVID-19 virus as a “public health emergency of international concern”. In the weeks that followed, the world watched as the virus grew and began to spread across...
Data Science Techniques for Fraud Detection
In a recent post, we discussed the importance of data science techniques for detecting fraud. In short, data science-driven anomaly detection finds suspect behavior, even as fraudsters adjust their behavior. With data science techniques, the people working to prevent...
GDPR and CCPA Compliance – A Cheat Sheet for Data Privacy
Both the California Consumer Privacy Act (CCPA) and the EU’s General Data Protection Regulation (GDPR) aim to protect consumers’ privacy rights. Because both laws attempt to fundamentally change business practice to establish and protect new data privacy rights for...
CCPA Compliance, Data Privacy, and Gaining a Competitive Advantage
As of January 1, 2020, CCPA – the California Consumer Privacy Act – is here. Of course, CCPA compliance requires that companies that do business in California or with California residents, and meet other requirements, must meet certain data privacy requirements to...
For Better Analytics, Invest in Data Management
Digital transformation is redefining how work gets done. To enable transformation, your internal consumers need analytics to discover and apply insight as they work. Business decisions need to be informed by data in the same way that consumers use data in ecommerce:...
Data Visualization Reveals Hidden Patterns in Business
About this time every year, the “best of” lists come out, and the lists of best visualizations are no exception. Often, the visualizations honored are artistic creations rather than business graphs supported by leading data visualization tools like TIBCO Spotfire,...
Master Data Management – MDM Models a Complex World in 2020 and Beyond
As customers, we’ve all experienced the frustration with organizations who don’t understand us. We’re baffled that these organizations—retailers, insurers, health care providers, and B2B provides in our work life - miss seemingly obvious facts that would make our...