It’s almost impossible to name an industry that hasn’t been transformed by technology. But as technology advances, so do the opportunities for transformation.
Consider two of the biggest industries in the US: Healthcare and Financial services. Not coincidentally, they’re also two of the most affected by new business demands and new technologies.
This industry was burdened with cost challenges even before the enactment of the Affordable Care Act; now, the industry has been mandated to improve patient care and reduce costs. It must get better at identifying patients with chronic conditions, to shift services from in-patient care (more expensive) to outpatient care (less expensive).
One of the best ways to tackle these challenges and achieve transformation is to focus on making data-driven decisions—that is, using data to predict trends. Being truly efficient about this, of course, means compiling data from a variety of sources. In healthcare, these days, this means being able to compile and analyze data from electronic medical record (EMR) applications, from medical devices that are part of the growing Internet of Things and even from social media. [...]
To read the whole post and interact, please visit the SogetiLabs blog: Converged Solutions Help Transform Healthcare and Financial Services