American health care is undergoing a data-driven transformation — and Utah’s Intermountain Healthcare is leading the way.
Tony Brugman (Bright & Company)'s insight:
Extensive MIT Sloan Management Review case study article of a major healthcare organisation that worked on building a data and analytics culture throughout the organisation. Not without results: "Data-driven decision making has improved patient outcomes in (its') cardiovascular medicine, endocrinology, surgery, obstetrics and care processes — while saving millions of dollars in procurement and in its the supply chain."
New Economist Intelligence Unit survey report in cooperation with Tableau Software. Some research findings:
** Appreciating the financial power of data ** The survey reveals a clear link between financial performance and use of data. Top-performing companies demonstrating the connection between datadriven decision-making and organisational performance.
** HR relatively untouched ** Some areas within the business remain relatively untouched by data, but probably not for long. Just 11% of respondents rate data as extremely important to the human resources (HR) function, for example.
** Start at the top ** Change often has to start at the top and, without support from the C-suite, it may be impossible to create a data-driven culture. Regarding strategies that have proved successful in promoting a data-driven culture, half of respondents mention top-down mandates and guidance.
** The skills shortage ** Nearly 70% say that it is “somewhat” or “very” difficult to recruit and retain people who are effective at analysing data. Respondents single out a lack of professional expertise among applicants (43%), a shortage of analysts in their sector (35%) and the high salary costs demanded by data specialists (34%) as some of the principal reasons.
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