There’s nothing like a great vacation — especially when there’s wine involved. Wine lovers are willing to travel for great wine and a great experience.
Enotourism, which is travel aimed at wine regions, has been booming for nearly a decade now and is continuing to rise. Let’s take a look at the growth of this trend, and how wineries can react and make the most of consumers who are building vacations around wine experiences.
Big data has already become a focal point for professionals in a wide variety of industries. One place where it promises to make a big impact is in healthcare.
Big data and analytics are becoming critical factors in everything from clinical trials to everyday tasks for professionals in the healthcare industry. Let’s examine.
The process of implementing a data analytics solution into an organization can be time-consuming and costly. Once an analytics platform is in place, employees must learn to use the technology. However, it seems the largest stumbling block in the data integration process is not so easily defined.
A surprising development arose from the 2019 Big Data and AI Executive Survey conducted by NewVantage Partners. While many organizations are increasing their investments in analytics, there are many stumbling blocks. And the biggest challenge to analytics success: people.
It is a tense time in the world of higher education. The schools that aren’t putting pressure on themselves to respond to popular trends and try to stay ahead of the curve are certainly receiving pressure from their communities to do so – whether it’s from a Board of Trustees or reflected in feedback from students and parents.
It’s easy to find the talking points that make it sound like an administration is making necessary changes to improve the way a school is using technology. But doing the work to back up the talk is a different story. A recent situation at the University of Texas at Austin provides a look at what not to do in this situation. Here’s how you can avoid falling into the same trap.
Wineries are cutting out the middleman and selling directly to consumers — and Americans are loving it. With wine shipping laws evolving, more wineries are allowed to ship directly to the consumer than ever before. The DTC channel hit $3 billion in 2018, up from $2.66 billion in 2017, according to Wine Vine Analytics. The channel is forecasted to grow around 11% a year, reaching $5.2 billion by 2022. How can wine suppliers take advantage of this trend and what are some of the challenges they may face? Let’s take a look. (more…)
Over the last several years, Amazon has been wading out of the e-commerce realm and into other areas, including groceries, web services, and healthcare. Most recently, the company announced that its Alexa artificial-intelligence assistant is HIPAA-compliant.
What does this announcement mean for healthcare consumers? Are we ready for Alexa in healthcare? How will Amazon ensure patient privacy? Let’s examine this issue in this week’s “Hot Topic” blog.
Dimensional Insight has offices all around the globe. And while each has its own unique culture, there are also bonds that tie us together as a company. On our blog, we talk a lot about company culture, as we believe that our culture is the core of our organization and the values that we instill in our team is what bonds us together.
Today we introduce you to Suzie Xu, General Manager of Dimensional Insight China. Suzie talks flexibility and the role that company culture plays in her team’s performance.
According to an Ernst & Young survey, more than 90% of healthcare executives were planning to undertake at least one technical adoption project in 2018, with the majority of initiatives directly related to making better use of data. As a result, providers will be exposed to a number of different sales strategies — and they will need to develop the business savvy to choose vendor partnerships that will lead to the best possible outcome for their organization.
Choosing a healthcare analytics tool is a major decision with long-term implications for the success of any provider group. Every health IT selection process must be considered as one part of an overall business strategy that combines input from clinical, financial, executive, and administrative stakeholders. What are the factors that providers need to consider as they evaluate software vendors? Let’s take a look.
This year, consumers want to enjoy a nice glass of wine — and they’re willing to pay up for it.
The “Fine and Premium” wine category, defined as wine priced at more than $10 a bottle, has grown approximately 8% a year since 2012.
Premium wines are on the rise because of the experience they provide. Drinkers spent $17 billion on premium wines in 2017, and that number is expected to continue to grow.
Silicon Valley Bank predicts this segment of the industry will grow between 4% and 8% in 2019. This trajectory is expected to continue, with the segment reaching around $25 billion by 2022, according to Consulting.us. Let’s take a look at the premium wine trend and how wine suppliers can break into the market. (more…)
If we were to look at healthcare in the same way we look at businesses, patients are the consumers. And as consumers who pay money for quality care and service, there are certain standards for the patient experience that need to be met. As mentioned in a previous blog post, we are all patients. At some point in our lives, we have all experienced and been influenced by the healthcare system in more ways than one.
The Beryl Institute recognizes Patient Experience Week as a time to celebrate healthcare professionals and the accomplishments made within the community. The week-long celebration is also a time to reflect and evaluate where improvements can be made. Throughout spending time celebrating, healthcare professionals may have asked themselves and their teams, “Can the standard for quality patient care be raised higher?”
There are many factors that go into how an instructor uses data at the higher education level. It could simply be that faculty member’s comfort level with collecting and using data to inform decision-making. It could be the way information is gathered – whether it’s at the administrative level and even makes its way to the instructor. It could be that the data is gathered but never used to determine next steps.
Whatever the situation, it is a fact that not everyone is using data to make decisions that can benefit the students in their classrooms. Here are some ways instructors in higher education might be able to better use the data available to them – or even get that data in the first place – to improve student outcomes.
You asked for a Downtown Boston location for DIUC19, and you got it! We’ll be celebrating the 30th anniversary of Dimensional Insight at the Boston Marriott Copley Place August 5-8.
This event is all about you—our loyal customers—who have shown us continuous support throughout the years, making this anniversary possible.
Want to know what we have planned at DIUC19? Here’s a sneak peek as to what to expect as you plan your trip.
Today on the blog, we are starting a new column called “Hot Topic” in which we’ll take a look at events that are making headlines and examine the data or analytics implications. We’re going to start with a health topic that has been front and center in the news over the last few weeks: the measles outbreak.
The Centers for Disease Control and Prevention (CDC) says measles was “eliminated” from the U.S. in 2000, but there have been an increasing number of cases lately – with hundreds in the first few months of 2019. Let’s examine the issue and see how organizations can use analytics to help manage the outbreak.
Sales and marketing optimization can be a struggle for companies, regardless of size. Without a defined strategy in place, it can be difficult for marketers and sales teams to get on the same page, generate leads, and sustain the business’ overall bottom line.
That being said, big data is becoming one of the many keys to unlocking more productivity when it comes to sales and marketing. Let’s take a look at how businesses are using big data and analytics for sales and marketing optimization. (more…)
It’s often said that when it comes to data in higher education, institutions have more data than they know what to do with. In those instances, it’s best to start with small, measurable tasks, so as not to get overwhelmed by the sheer amount of data.
The same is true at the government level. States have lots of data about topics like residents’ educational attainment and salary history, and they are working to organize the systems in which that data resides. The Data Quality Campaign, an organization advocating for better use of education data, is working to get states to move from collecting data only for accountability and compliance purposes to using that same data to answer critical policy questions and to work towards supporting students and helping them be successful.
A new project shows one way that can happen at the higher ed level. (more…)
Millennials are loving an old-fashioned drink — especially one made with premium whiskey.
In the alcohol industry, the spirits market is having a resurgence and growing at unmatched rates. Spirits now account for 37.4% of the beverage alcohol market. Volume is up 5 million cases from last year, and this segment of the industry saw its ninth-consecutive year of sales growth, totaling $44 billion in sales. And millennials are the spirits industry’s biggest customer. (more…)
There is little dispute that medical practitioners are among the most highly educated members of our society. However, much of their extensive education is focused on diagnosing illness, often with the aid of high-tech diagnostic tools. While the increase in technology comes with enormous benefits, many are also concerned that the concentration on technical results can cause medical staff to miss important cues and can lead to a lack of empathy in healthcare.
Medical schools certainly encourage their students to develop a good bedside manner, but there is little formality in place. While it is difficult to teach, having empathy can make the difference between being a good practitioner and a mediocre one. Are we ready to give up on empathy in healthcare in the technological era? Or is there still room for it alongside our EHRs and AI-powered applications? (more…)
Diversity matters for businesses. Not just because it’s the right thing to do, but also because it’s the smart thing to do. Businesses with more diverse staffs excel at decision-making and outperform their peers financially.
To many, diversity seems good in theory but hard to implement. However, having a more diverse workforce is worth the effort. Here’s how diversity can help organizations in promoting a culture that enables better business decisions. We’ll also look at one ingredient that is critical to building diverse and high-performing teams. (more…)
How wine is sold, consumed and marketed is changing—and a lot of it will be evident this year.
The wine industry must revitalize itself to keep up with how people want to buy and drink wine, so you can expect some different things from your favorite vino labels this year.
Here are 10 trends to look out for in 2019 and how you can stay ahead of these trends. (more…)
More than 90% of American hospitals have been computerized over the past decade. The goal has been to simplify physician tasks and free up time for patient care. That said, physicians spend approximately two hours doing computer work for every hour spent face-to-face with a patient.
If this is the case, would it be a stretch to say that the wave of computerization has made life more difficult for physicians rather than easier? And if that is the case, what can be done to maximize the benefits of technology in healthcare without making life harder for staff and potentially sacrificing the quality of patient care? (more…)
Life is a combination of the results of the choices that we make and the outcomes that we do not expect to happen. We can control a lot of variables in our lives while in other times, some choices are already made for us. But how does decision-making change when you realize that you can have an upper-hand in most situations?
In Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Answers, author Annie Duke, a former poker champion turned speaker and consultant, breaks down the decision-making process and questions the value of betting.
Retail workers have long been accustomed to scanning products on store shelves and at customer check-out. More and more healthcare employees are becoming familiar with such procedures as inventory management proves effective at reducing cost, increasing efficiency, tracking expired and recalled products, and curbing loss and fraud.
Healthcare executives expect information technology will be the top market sector for growth (46%) in 2019, followed by home health/hospice (31%), assisted living/skilled nursing (8%), insurance providers (8%), pharmaceuticals (6%), and medical devices (3%), according to a Capital One healthcare survey. While inventory management software doesn’t account for the entire IT sector, hospitals are seeing impressive returns on supply chain analytics tracking each step of the inventory process: from the loading dock, to the supply cabinet, to the patient’s hospital room.
As Opening Day of a new baseball season dawns, here’s a little baseball riddle for you: What does the worst team in baseball have in common with one of the best?
Well, beginning in 2019, it might just be its use of analytics.
The Baltimore Orioles had – by far – the worst record in the major leagues in 2018, finishing a paltry 47-115. The Houston Astros, on the other hand, were 103-59, falling short of winning their second-straight World Series title, but good enough for the second-best regular season win total. Let’s examine what the two teams have in common and how you can learn from their data-driven approaches to the game.
If you’re a long-time Diver customer, chances are you know Mitch Nolan, who works in our Green Bay office. Mitch has worked with Dimensional Insight for more than 20 years now in a variety of roles from sales to customer support. He is that calm voice always helping our customers out to get the most out of their Diver deployments.
Today in our employee spotlight, we talk to Mitch to learn more about how he has grown with Dimensional Insight throughout the years and how he is always working towards customer success. (more…)
On the one hand, some courses are so full that extra sections have to be added and students are placed on waitlists. Colleges and universities offering those particular courses have to turn down more students than usual as they deal with increasing numbers of applications. On the other hand, small liberal arts colleges are forced to seek out financial partners to stay afloat or they must consider shutting down entirely.
Both situations stem from the same issue, being weighed by all students considering continuing their education. The question is no longer which college should I apply to? It is more often, is college worth the debt I am going to incur? And, to put it more specifically: Will I be able to pay down that debt once I graduate? (more…)
Women are buying and drinking more wine than ever, with 57% of total wine volume being purchased by women, according to Nielsen. The survey showed that overall more women are buying wine and drinking it more frequently — and at larger quantities than their male counterparts.
With women dominating such a large market share of wine purchases, wine labels are wise to use data on women’s purchasing behaviors to their favor.
KLAS Research recently announced its 2019 Best in KLAS scores in several market segments, including healthcare business intelligence and analytics. At first glance, the top vendors are ranked fairly close with just few points of variance. However, this year with the scores, KLAS also included vendor grades in different categories. These grades carry valuable information that looks more deeply at what you are getting when you implement technology.
If you’re evaluating vendors what are these areas should you consider beyond the final score? Here are 6 questions to consider.
B2B payment structures have been thrown into flux by recent developments in transaction technology. Most notably, blockchain algorithms offer a safe and efficient way of trading goods and their recent rise in popularity speaks to their viability in this space going forward.
Blockchain algorithms supplant the role of a central bank or government backing to support the virtual coins that they create. This technology has been a rapidly expanding field for major corporations, especially B2B distributors. A 2018 study found 82 of the Fortune 100 companies have begun researching or investing money into blockchain technology. Mastercard, Visa, and J.P. Morgan have launched blockchain networks to ease B2B transactions, especially cross-border payments. With the technology becoming more available, let’s dive into the benefits of blockchain technology for B2B distributors.
When you think data and analytics, chances are you think numbers. But it’s not just numbers, especially in the field of higher education. Sure, there are grades and tuition and percentages and calculations, but there are also pieces of information that are qualitative instead of quantitative.
The students and their experiences provide data that is every bit as valuable as the countless numbers that are being crunched on college campuses. Some schools are struggling with how to measure those experiences…while others have figured it out by going straight to the source.
We all know the healthcare industry has been slower than other industries when it comes to innovation. Whether it’s because of razor-thin (or negative) margins, government regulations, the complexity of the system, or just a general hesitancy to innovate when lives are on the line, healthcare has lagged behind in implementing new technology.
This topic was front at center at the American College of Healthcare Executives (ACHE) Congress, held in Chicago, March 4-7. The event, attended by senior healthcare leaders, focused on new technologies, how leaders should think about innovation, and how health systems need to focus on the consumer (not the patient). Here’s a look. (more…)