An effective data governance strategy helps healthcare organizations manage, use, and protect the data in their IT environments. It also helps to create a culture of data-driven decision-making by putting reliable information in the hands of information consumers in a timely manner.
Tweet: 6 data governance challenges in healthcare
However, there are a host of challenges when it comes to data governance. In this blog post, we’ll take a look at 6 of these challenges, and show you where you can learn best practices as you proceed with your data governance initiative. (more…)
Last week, I attended the Gartner BI Summit in Dallas. The Gartner BI Summit is one of the largest business intelligence conferences, and there was no shortage of sessions and new ideas. According to Gartner analysts Rita Sallam and Frank Buytendijk in their keynote, analytics is still the #1 technology investment area in 2016, and there are lots of exciting things happening in the industry.
Tweet: 3 takeaways from the Gartner BI Summit
I have pages full of stats and trends that I jotted down – here I boiled it down to 3 main takeaways from the show. (more…)
Many organizations are pushing for greater self-service analytics. Why? Because quite simply, high self-service organizations achieve better outcomes as opposed to all others. The ultimate goal of self-service analytics is to expand and develop a more active user base that can produce better decision making and broadcast insight across all departments by creating a single source of truth.
Tweet: How do high self-service organizations perform vs. others?
Aberdeen surveyed the self-service landscape and discovered some interesting findings. If you are considering implementing self-service analytics, here are some important facts you need to know. (more…)
In our last blog post, we talked about the importance of collaboration between IT and business leaders when it comes to analytics, and 5 fast facts about how a unified approach to analytics helps improve the business.
Those companies that are defined as “Best-in-Class” in new research by Aberdeen are those that excel in 3 critical areas:
- Data relevance & availability: They are able to draw out the most critical information to make decisions and make it accessible to business users.
- Portability of information: They are able to share information across business functions to drive analytics success.
- Self-sufficiency of business users: Business users can engage with self-service analytics without deep technical expertise.
Tweet: 3 steps on the path to performance improvement with analytics
I was a big fan of “The Office” when it was on prime-time, mainly because it nailed the dysfunction that’s a part of so many businesses today. One of my favorite scenes was in the pilot when Dwight opened his desk drawer to find his stapler floating in a Jell-O mold, courtesy of Jim. I mean, come on, at some point in your work career, you’ve encountered someone you’ve always wanted to do that to, right?
In many organizations, IT and business leaders have a Jim & Dwight type of relationship. Sometimes it’s mild intolerance of each other; other times it’s downright hostility. While this type of relationship makes for great TV comedy, it isn’t healthy, and let’s face it: it makes for bad business.
Tweet: 5 fast facts about the value of analytical collaboration
We talk a lot about the importance of data governance here at Dimensional Insight. So when I read the Aberdeen research paper, “Smarter Healthcare: Analytically Fit, Operationally Efficient,” I was psyched to see actual stats on how important data governance is to hospitals and health systems.
Check out this gem from the report:
Top healthcare organizations are 3 times more likely to use data governance policies.
Whoa – that’s pretty big! If you want to dig a little deeper into the numbers, they show that 68% of top healthcare organizations have established policies in place for governing/controlling end-user data access, while only 24% of low-performing healthcare organizations have them.
Tweet: Lessons learned from the smartest healthcare organizations
Healthcare organizations have long struggled with implementing new technologies. No one can blame them: it’s hard to take a highly regulated, complex industry such as healthcare and move the needle forward quickly. No matter how hard they try, all too often, healthcare organizations are mired in age-old processes that are hard to break out of in order to innovate.
Tweet: How healthcare can move away from being data rich, insight poor
However, with the growth of big data, there are new opportunities to gain insights that will benefit healthcare organizations. Here are just a few of the many ways:
The question is – how are best-in-class organizations breaking out of the mold and accomplishing all this despite the challenging healthcare technology environment? (more…)
We hear a lot in the business intelligence (BI) world about the value of storytelling, and how certain BI platforms can help you tell a story with your data. That all sounds well and good (who doesn’t love a good story?), but the truth is that multiple people in an organization can tell multiple, conflicting stories with data. How do you know which story is true, and which one is just fiction? Is there one version which is right and the others all wrong? Is each story just kinda, sorta true? Is there some larger truth that no one is seeing?
This dilemma reminds me of a parable about the blind men and the elephant that my dad told me and my siblings growing up. As one of 11 kids in my family, my siblings and I frequently could not agree on anything! My dad felt this story was a valuable allegory that would allow us to see the importance of considering everyone’s point of view in order to get to a common understanding and see the larger truth.
Tweet: The Blind Men and the Elephant: Storytelling with Business Intelligence
When it comes to business intelligence, it’s clear that the current modus operandi won’t cut it for organizations moving forward. Too much is changing: the amount of data within organizations, the way users are accessing and analyzing it, and much more.
With that in mind, here are 4 business intelligence trends that are shaping where the industry is heading in the near future. They are also impacting how we at Dimensional Insight are developing products and applications.
Tweet: 4 trends shaping business intelligence in 2015 and beyond