Big Data for Big Industries

Big Data for Big Industries Introduction: Why Does Big Data Matter to Me? It’s no longer the case that all possible insights about an organization come only from a structured data warehouse full of vetted data developed inside one’s own four walls. There is a new universe of data being created by smart meters, mobile devices, social media, RFID, web logs, and other sources. Meanwhile, many industries have only begun exiting the paper-based documentation era. It’s no longer the case that all possible insights about an organization come only from a structured data warehouse full of vetted data developed inside one’s own four walls. Embracing big data means accepting that you can gain valuable insights about your organization, your customers, and the world at large from external sources, and by looking at data in a new way. Organizations in every industry need to explore big data and gain insights. However, to date there has been a critical gap between big data and tools that help businesspeople analyze it. CITO Research has endeavored to find new tools and methods to help companies use big data to its full potential. With the right big data tool, such as the QlikView business discovery platform, you can create a richer model of your organization and the wider world, recognize events you would not have discovered otherwise, and deliver a view from outside the organization of trends that give you a competitive edge, make concrete business improvements, and even save lives. How the QlikView Business Discovery Platform Helps with Big Data CITO Research has conducted a deep dive analysis of the leading data discovery vendor, QlikView. QlikView provides what it calls a business discovery platform, a variant of data discovery, that delivers self-service BI. Unlike traditional BI tools, in which predefined reports and dashboards are static and limited to simple filters, selections, and drill-downs, CITO’s experience with QlikView is that it enables business users to explore and streamline big data with ease, on their own. QlikView is a robust platform that’s secure, app-driven, mobile, and facilitates collaborative decision making. With big data, the data itself and the structure of that data are both constantly changing, often in unexpected ways. At the same time, no enterprise will be throwing out its carefully structured databases. To reveal actionable insights, a BI tool must simultaneously query structured and unstructured sources. With QlikView, this is not only possible, but intuitive. Once processed, data is then presented in an associative experience in which every data point is associated with every other data point. In previous white papers, we’ve compared it to a fiber-optic spider web, where everything is con- 1 Big Data for Big Industries nected. Pulling on one thread, or making a selection, lights up the related elements in other fields, showing you new paths through the data and revealing new kinds of connections. That means user-driven analytical applications can be built on the fly, to ask questions that occur as data arrives. QlikView is a robust platform that’s secure, app-driven, mobile, and facilitates collaborative decision making. CITO Research has found that QlikView is making a big difference in big data in several industries. The following is a series of snapshots that showcase the breadth and depth of business benefits and competitive differentiators being enjoyed by companies that have implemented QlikView. Big Data and Healthcare Healthcare providers such as hospitals, clinics, home health providers, and rehabilitation and hospice facilities collect and store a great volume and variety of patient data, from individual diagnostics to mass demographics. Turning that data into actionable information has proven difficult. Many healthcare entities still struggle to answer questions such as: ?? What volume of patients can we expect? ?? What is the likelihood that a patient will be a recurring patient, disregard medical advice, or miss scheduled appointments? ?? How can we best supply a hospital with equipment and medicine? ?? How should a hospital be staffed? ?? How can we meet regulatory demands and new mandates without sacrificing service levels? ?? How can we improve quality of care, patient satisfaction, and operating room and emergency department performance while reducing costs? The data collected by hospitals spans from operational data, such as supply chain logistics and employee timesheets and work records, to medical data such as X-rays and MRIs. Medical data is often unstructured—think of a doctor’s notes or images—and thus doesn’t fit into conventional relational database frameworks or BI tools. Yet it often must be cross-referenced with plenty of data that does reside in those tools. The time saved, and the increase in accuracy achieved by combining all data sources in one view, are compelling to consider. Healthcare providers collect vast troves of data but often don’t gain much actionable insight because many processes are manual and different tools were designed to work with different types of data and are frequently in the hands of disparate groups. Now, healthcare providers can correlate patient-specific historical data with current lab results and relate that data to larger demographic data, such as a cross-section of the population likely to get the flu this year as determined by the Centers for Disease Control or historical drug reactions and interaction results across age, gender, and ethnicity—all in one place. 2
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