Business intelligence

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Business intelligence is a computer based technique used to extract, identify, analyze business data in healthcare setting.

Contents

Introducton

Healthcare organizations have historically struggled to find the elusive link between the investment in information technology and improved organizational performance. At least a portion of this gap has been driven by the focus on the implementation of information technology (IT) solutions to support transactional workflow with little to no attention paid to how people actually use the information contained in these solutions to make decisions. The strategic value of IT lies in its power to provide clinicians and leadership with direct visibility into the care delivery process. When little or no attention is given to the strategic use of information as part of an electronic health record (EHR) implementation, organizations are often disappointed by the return on investment and value received as a result of the significant investment. Several Business Intelligence and Data Warehousing technologies have demonstrated quantitative benefits and return on investment in non-healthcare industries. However, in the healthcare provider marker, Business Intelligence and Data Warehousing is in its infancy with less than 5% adoption of the technology.

Business intelligence

Business intelligence was defined by David Losehin as the processes, technologies, and tools needed to turn data into information, information into knowledge, and knowledge into plans that drive profitable business applications. As such, business intelligence is a key discpline that needs to be adopted by healthcare organizations to transform the vast quantities of data contained in their transactional EHR systems into a format that enables improved strategic, tactical, and operational decision making.

Examples of business intelligence applications include the following:

A healthcare organization must also develop a core competency in data warehousing to enable business intelligence applications. Wiliam Inmon defined data warehousing as a "subject-oriented, integrated, non-volatile, time vriant, collection of data organized to support management needs." Data warehousing includes both the process and the technologies required to achieve value from the data assets of an organization.

Components of a comprehensive business intelligence and data warehousing program

References

  1. Gartner, Hype Cycle for Business Intelligence and Data Warehousing, 2005
  2. Gartner, Hype Cycle for Healthcare Provider Applications, 2005
  3. Loshin, David, Business Intelligence: The Savvy Manager's Guide, Addison Wesley, 2003
  4. TDWI Business Intelligence Fundamentals, The Data Warehousing Institute, January 2005. [1]
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