Business intelligence (BI) refers to the process of gathering data and turning it into useful insights. This data can be used to make better decisions about all aspects of a business, including operations, marketing, and sales. And in today’s world, big data is crucial in enhancing processes in major industries like healthcare. BI software, which […]
Business data is valuable. When utilized properly, it can enable small- and medium-sized businesses (SMBs) like yours to discover growth opportunities. One way to harness the power of data is to use business intelligence (BI) tools. Multinational companies have been using these tools for years with the assistance of experts who help make sense of […]
Business intelligence (BI) has fueled the growth of many businesses through the years, especially in the finance and manufacturing industries. Today, BI and big data also benefit healthcare businesses that are aiming to improve their processes and lower their readmission rates.
Businesses use Microsoft Excel for many purposes, including creating formulas, planning budgets, recording expenditures, and more. A spreadsheet can handle limitless amounts of information, making it an extremely useful tool for storing and analyzing data such as text and numbers.
Before, hiring specialists to analyze business data entailed costs that only large companies could afford. This was one of the reasons why small- and medium-sized businesses (SMBs) were hesitant to implement business intelligence (BI). But times have changed.
The positive effects of business intelligence (BI) and big data analytics on healthcare management are becoming increasingly apparent. Take a look at why many hospitals and clinics are beginning to embrace the potentials of data-driven business. At its core, BI software is all about data analytics.
Most of us don’t normally associate Business Intelligence (BI) with small- or medium-sized businesses (SMBs). The huge investment required to hire data-delving specialists makes us think BI is only for larger organizations. But this is no longer the case.
A dashboard is a single display that provides all the information you need to make important business decisions and manage your company. While dashboards are generally helpful, you need to choose the one that works best for your company’s objectives and goals.
Readmission rates are a key performance indicator (KPI) for hospitals. They indicate the quality of care the practice provides as well as the tendency of the establishment to get overcrowded. Some legislation even reduces government payouts to hospitals with high readmission rates.
Failure to understand your customers’ needs and wants could result in ill-informed marketing strategies. And when your company can’t satisfy their demands, they’ll likely turn to your competitors instead. To prevent this, deploying a customer relationship management (CRM) system can make a world of difference.