A common theme for organizations that successfully use data is the fact that everyone in the organization is on board with the approach to data. This can be difficult when faced with employees who might be set in their ways or who think they don’t have a handle on the data.
But if your organization is committed to using analytics, these are hurdles that need to be overcome. Here are five ways that you can improve data literacy in your organization. (more…)
When you think of a winery, you might envision acres of rolling green hills filled with rows upon rows of grape vines.
But as more millennials choose to live in cities long-term, wineries are now opening in old warehouses and small blacktop spaces. Known as urban wineries, they are attracting city dwellers and even tourists to come drink their wine. Urban wineries use grapes from any number of different off-site vineyards.
Around 2000 the first Urban wineries started to open, despite rising rent costs, because of customer demand for ambiance and good wine — without having to travel to wine country. The main difference between more rural vineyards in traditional wine-country regions and the urban wineries, is that the grapes are grown and the wine is made off-site. (more…)
HIMSS20 is just two short weeks away, with nearly 45,000 people expected to descend on Orlando’s Orange County Convention Center to learn about the latest in healthcare information technology.
We are busy prepping for the show here at Dimensional Insight (we’ll be in booth #5259). Here are a few things we are looking forward to at the show. (more…)
Of all the trends and shakeups in the alcohol industry over the past few years, none have been as dramatic or as exciting as the rise of hard seltzers. A few years ago they were almost unheard of, but then, seemingly overnight, they became cultural mainstays and a dominant force in the alcoholic beverage market. In 2019, sales for spiked seltzer shattered expectations by passing the billion-dollar threshold. And their popularity is not slowing down.
There does not appear to be a single, unified reason for this meteoric trend. Rather, everyone seems to have their own reason for being a seltzer fan, whether it’s the taste, the lightness, or the lack of calories. Understanding the causes behind the popularity of seltzer can help us understand whether seltzer is here to stay. (more…)
Consumers no longer just want their wine to taste good, they want it to tell a story.
Sales of generic wine, priced at less than $9 a bottle, have declined. These affordable options use to appeal mostly to baby boomers, who are now aging out of buying alcohol for health reasons.
“Over the past 50 years, we’ve watched generic wines, which have no story or attachment to a place, fall out of favor with consumers,” the 2020 Silicon Valley Bank report on the state of the wine industry stated. (more…)
By definition, data visualization is about showing information in a visual format. People often get overwhelmed when they see numbers on a spreadsheet or as text in a document.
Data visualization can do more than just show the information. It can contextualize the data and make it easier to understand. Businesspeople often ask themselves, “Why is data visualization important?” Some may even decide it’s not worth pursuing.
However, when done well, data visualization can unlock benefits that may be hard or impossible to achieve otherwise. Here are five things people can do to maximize the worthiness of data visualization. (more…)
Your vacation has started and you’re ready for a glass of bubbly to celebrate. The days of waiting for a bartender to serve you a drink are over. Now, customers can simply walk over to a vending machine.
This vending machine doesn’t serve candy or bags of chips, but personal-sized bottles of champagne. Others disperse bottled beer or canned cocktails.
Customers are willing to pay up for the benefit of shorter lines and something interesting to Instagram. Some are willing to spend as much as $25 for a 200 mL champagne bottle that would be only $11 in a liquor store.
With the nation’s healthcare spending projected to top $6 trillion by 2027, regulators and payers are turning to value-based care strategies to curb unnecessary costs while nudging the United States up the list of countries with high-quality patient outcomes.
Value-based care models require healthcare providers to take accountability for the spending and outcomes of a defined population of attributed beneficiaries. Participants must meet challenging financial and clinical targets in order to gain incentives or avoid negative payment adjustments.
The rapid adoption of value-based care models has put pressure on healthcare organizations to enhance their visibility into the challenges and utilization patterns of their attributed populations in order to stay ahead of avoidable spending.
For that, they need data analytics. (more…)
Every single day, a variety of issues from around the world appear on the news, on social media, and in our day-to-day conversations. But there is one particular issue that has recently been put into the spotlight: Climate change.
While the dangers of climate change have been an ongoing issue for some time now, people worldwide are fighting to save the environment now more than ever. Data may be able to help work towards a solution. Let’s examine a few ways:
With the holidays behind consumers and colder temperatures holding steady, alcohol sales typically decrease during the first part of the year.
The holiday months typically account for 30% of all sales of wine and spirits brands, which totals about $250 billion a year. Alcohol purchases peak in November, accounting for 37% of all purchases, according to Bev Spot. Then sales dip at the end of January into February. Come summer, sales increase again.
When people think of applications for virtual reality, video games are usually the first thing that come to mind. While VR gaming may be the most publicized and well-known avenue for this emerging technology, its amazing potential for improving healthcare should not be overlooked. The ability to transport users into immersive virtual worlds can be extremely beneficial for both doctors and the patients they serve.
The endless possibilities of VR are already beginning to attract attention. Currently, the market for virtual and augmented reality tech is valued at over $900 million, a number which is expected to triple in the next three years. (more…)
KLAS Research released its annual Best in KLAS: Software and Services Report, and I’m thrilled to say that Dimensional Insight was ranked #1 in the healthcare business intelligence/analytics category for a remarkable 7th time in the 10 years that KLAS has given the award in this category.
Not only that, but Dimensional Insight also received “A” grades in six categories that KLAS grades vendors on – culture, loyalty, operations, product, relationship, and value. Why is all of this important? Here are a few reasons. (more…)
If you go to Napa Valley’s Vineyard 29 and walk around the crops, the grapes almost look like they’re in bandages. But the bandage is actually a water-measuring device that sends the results to a computer. The data helps take the guesswork out of assessing whether the grapes are healthy. It makes the wine better and helps produce stronger vintages.
Winemakers are collecting as much data as they can to help create better production. The processes include drones flying in the sky to measure reflectance rates and software to measure the control tanks connected to those water-measuring bandages. (more…)
3D printing has become a hot topic in recent years, and is being used in a variety of industries such as healthcare, engineering, architecture, and more. However, there is one key tool that 3D printing relies on that could make or break its future: big data.
Without the existence of this advanced data, some of the functions used in 3D printing would not be possible. But how do big data and 3D printing work together? Let’s examine. (more…)
The days of the milkman may be long gone…but the alcohol delivery days are just getting started.
Customers don’t even need to talk to someone to order their favorite Malbec or gin. On-demand apps, such as the booming Drizly, enable consumers to order alcohol delivered to their front door as quickly as within an hour in some major cities. With 80% of all drinking taking place off-premises, according to LEK Insights, getting alcohol from an app is a convenient and easy way to drink at home.
Drizly, which has made $67 million to date, reported a 700% year-over-year sales increase, so if liquor stores and brands are not on the app, they’re missing a huge revenue opportunity. (more…)
Many economists say we are overdue for a recession. Despite a low unemployment rate and the economy’s longest expansion on record in the United States, experts in America and the World Bank point to trade wars and other globally financially risky situations as reasons for a dim forecast.
Analytics may not be able to tell you exactly when the economy might shift. However, data can certainly help an organization mitigate the impact of a recession by giving you the right information to better target the right market, save money, and increase profits. (more…)
The buzzing you hear in a vineyard is not coming from bees or any other insect, it’s the sound of a drone in the sky.
In a world where climate change ravages crops and prices generally keep rising, winemakers are saving money, fighting climate change, and saving time all through the use of drones.
Drones are driving down the cost of pesticides, fertilizer, and labor. They even help save water. Drones analyze the needs and health of crops when climate change is making them more unpredictable. Overall, drones help winemakers save time, and the wine is better because them. (more…)
Everyone has his or her unique way of analyzing data to find the right answers. This is why self-service in a business intelligence tool is so important. It’s also why drag-and-drop dashboards are so appealing. I am not stuck with what someone else decided is a good way to look at the data. I can focus on what is important to me. Still, in the end, I need to share my findings with other people in a way they like if I want to get my point across.
Dimensional Insight’s “Stamps” are pre-designed charts that can be updated with different data and filters with a few clicks. Users can build dashboards in minutes. Let’s examine a hypothetical scenario to see how you can use these Stamps to optimize your analytics experience. (more…)
Data analytics is no longer a trend – it is a necessity for organizations to stay relevant in their fields. Big data has been sweeping across every industry, from healthcare to the food and beverage industries, and it has been making analytics skills more and more necessary in every industry it touches.
Data analytics is a segment sure to showcase many fascinating developments in the new year. As businesses harness the power of data analytics, 2020 use cases are both varied and compelling.
Here are five outstanding examples: (more…)
The world is facing a mental health epidemic. One in five adults suffers from some form of mental illness in the United States, yet more than 50% of these illnesses are left untreated. Mental health does not discriminate against age, race, gender or economic status, and unfortunately, treatment and research still have a long way to go before the number of diagnosed individuals decreases.
However, one optimistic element to this crisis is the existence of new technology that we did not have even a decade or two ago – one of which is Artificial Intelligence (AI). Advanced technology plays a major role in positively shaping the healthcare industry, and now digital solutions such as artificial intelligence are making their way into the psychiatry department to reduce the decline in mental wellness across the globe. But how does the use of predictive analytics tools such as artificial intelligence really help in solving the mental health crisis? Let’s examine. (more…)
As we look back at 2019, we reflect on some of the trends and topics that shape the industries we work in. In healthcare, price transparency and the measles outbreak were hot-button issues. In wine and spirits, new trends like enotourism and DTC sales piqued the interest of people in the industry.
These issues and others made our annual Top 10 list of most-read articles on the blog. Let’s take a look at the topics most popular with our readers this past year. (more…)
A staggering 402 new gin brands have entered the spirits market since May 2016, 367 of which are premium brands.
Gin sales produced about $2.89 million in the United States in 2019, according to Statisa. Gin consumption in 2018 grew faster than any other spirit or alcoholic beverage, according to Fortune. The market is expected to continue to grow another 1.5% by 2023.
“Focusing on the craft and quality aspect of gin will encourage consumers to trade-up to buy better quality gin as a special treat for themselves,” William Grant & Sons predicted in a statement. William Grant sells Hendrick’s Gin.
While the thirst for premium gin is high, brands are still working to ensure their brand stands out. They’re experimenting with everything from flavors to colors to ensure it does.
When we think of the most prestigious careers in America, ‘doctor’ is usually one that ranks near the top of the list. It is surprising, then, that physicians across the country are facing unprecedented levels of burnout, depression, and even suicide. Taking care of at-risk patients is naturally stressful work, but if doctors are too stressed, they are not able to provide the best possible care. That means worse patient outcomes, which can create a feedback loop putting even more pressure on the physicians.
A 2019 survey of over 15,000 physicians by Medscape found that an alarming 44% reported they were feeling symptoms of being burned out. Younger generations of physicians, women, and those who work the most hours seem to be the most affected. What factors are making careers in the medical field so stressful, and what can we do to alleviate that stress? It turns out data can help us figure out these factors and move towards possible solutions. (more…)
If you’re at a bar and look around at the patrons, you might be surprised to find most of them holding an orange drink in their hand. At bachelorette parties, smiling women stare at the camera, holding skinny silver cans.
The cocktail bar patrons are drinking Aperol Spritzes and the bachelorette attendees are sipping spiked seltzers. Both groups are gravitating toward carbonated alcoholic beverages and sales in this category are spiking. Aperol sales are up 25% and the spiked seltzer market is valued at $550 million.
It’s hard to ignore that for consumers, bubbles are no longer just for champagne.
Every year, thousands of children are hospitalized because of the flu; several dozen to more than 100 children die each year from complications. In the 2019-2020 flu season, there have already been six pediatric deaths from the virus. Experts say this flu season has been off to a strange start, and may peak earlier than usual.
It’s important for health providers not only to know which children need to be vaccinated, but also to understand where there are flu outbreaks and how they might need to readjust their staffing to deal with surges in flu patients. How can they do so? Let’s take a look.
As the New Year begins, many consumers will be drinking less. Terms such as “Dry January,” meaning a month of no alcohol, have gained popularity for people looking to swear off alcohol after too many holiday parties.
But this shift toward drinking less is not reserved just to January. As Millenials continue to make up a larger segment of alcohol consumers, this health-focused group is reaching for low- or no-alcohol wines in a trend called “mindful drinking.”
This is a rising trend that smart distributors won’t ignore. (more…)
Technology is ever-changing, and with every new decade it accelerates at a pace that is often difficult for us humans to keep up with. We now live in a world in which we rely heavily on technology on a daily basis, regardless of which field we belong to. However, few industries have been changed by technology as much, or as positively, as healthcare.
Although the healthcare industry has often lagged behind others when it comes to deploying advanced technology, new discoveries and improvements are always being made. The technology that we know today has opened countless doors and opportunities to improve our lives, and it’s almost impossible to imagine life without it now. With the current decade coming to an end, the further advancement of technology is heading our way. Here are five technologies that you should expect to see shape the future of healthcare in 2020. (more…)
The new “roaring ’20s” are nearly upon us, and this time they will look very different than they did last century, especially for the wine and spirits industry in the United States.
When 1920 started, so did Prohibition. But as 2020 starts, the wine and spirits industry is booming more than ever. So what will the next decade hold? So far the themes appear to be classic wine, canned cocktails, and technology.
We’ve compiled your guide to the top-10 trends to look forward to in 2020 and beyond as we enter this new decade. (more…)
When ordering a cocktail at a bar, customers are used to the main ingredient being a liquor such as gin, vodka, or tequila.
But more and more often, wine is being used to create a new drink of choice for customers, lower the alcohol content of cocktails, and enable bartenders to cut back on pouring too much straight liquor.
“When used in cocktails, wines reduce the need to add excessive amounts of alcohol (that can make a drink too boozy) and can add a softer sweetness than syrups,” said a report by Southern Glazer, the US’ largest distributor of drinks.
According to Forbes, 23% of bartenders said they’d use rosé in their cocktails. With rosé sales up 48% from last year, capitalizing on the popularity of the popularity of it and other wines makes sense for brands and bartenders.
Wine is getting new life as a cocktail ingredient – and no, we don’t just mean just spritzes. Let’s look at why. (more…)
When you’re embarking on a healthcare analytics program, data trust is essential to success. With things like reimbursement rates, patient satisfaction, patient safety, antibiotics usage, and more on the line, you need to know that the numbers you’re relying on to make decisions are trusted and consistent throughout the organization.
However, many healthcare organizations don’t currently have the trust they need in their data. Let’s examine. (more…)