Using data properly can unlock valuable insights for most organizations, and those in the healthcare industry are no exception. Massive benefits to patient care can be unlocked through the proper analysis of good data, including better treatment effectiveness, earlier diagnosis, more effective design of clinical trials, and expediting the release of new therapies. Thankfully, there is no shortage of healthcare data available - the industry is responsible for 30% of the world’s total data volume. 

However, there must be a redesign of healthcare orgs’ current approach to the collection, storage, and analysis of data. Executives in this industry are well aware of their organizations’ pitfalls, with 80% claiming they don’t trust their current data and resources to use it effectively. One specific problem is the fragmentation of data sources, with some larger organizations using over 40 different platforms. A potential remedy to this issue is for healthcare orgs to invest in data warehouses, which are able to store easily accessible information in one centralized location. 

Source: MegaData