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Benefits Of Employing Data Analytics For Decision-Making
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Benefits Of Employing Data Analytics For Decision-Making.
The benefits of employing data analytics for decision-making are numerous. McAfee and
Brynjolfsson note that data analytics allows organizations to make decisions based on evidence
rather than intuition ( Koot, et al., 2021). Organizations can uncover valuable insights that inform
strategy, operations, and new initiatives by analyzing large datasets. Specifically, data analytics
enables organizations to identify opportunities, guide resource allocation, forecast trends, and
optimize processes. For the healthcare sector, data analytics can improve the quality of care
while controlling costs.
One significant benefit of data analytics in healthcare is identifying high-risk patients and
intervening early (Khanra, et al., 2020). Healthcare providers can pinpoint patients at risk for
chronic diseases or hospital readmissions by analyzing clinical, claims, and demographic data.
Targeted outreach and preventative care for these patients can help avoid complications and
costly hospital visits. Data analytics also allows healthcare organizations to coordinate care
across settings better. Providers can use data on patient histories, medications, tests, and more to
ensure appropriate follow-up and avoid duplicative or unnecessary services. This care
coordination is critical for improving out …
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