Tapping real-time analytics to create a digitally enabled organization

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As a society, we can and are collecting data in many ways. The question is not how to get more data, but how to use it effectively?

By 2020, approximately 1.7 MB of new information will be created every second for every human being on the planet.1 That is an incredible amount of data!

Yet, of all the data the world is creating both personally and professionally, less than 0.5 percent of it is ever analyzed and used.2 Analyzing less than 0.5 percent leaves a lot of opportunity on the table.

Not just volume, connection and integration

Clearly, as a society, we can and are collecting data in many ways. The question is not how to get more data, but how to use it effectively? In healthcare, how do we capture greater knowledge from the right data at the right time for truly actionable insights?

Many healthcare organizations have started down the road to digital transformation by capturing more data from various service lines with different technologies and systems. However, that information is often captured and used within silos, which limits the impact. The true transformational change occurs when we put all of the data together – i.e., integrate the data, analyze and then share those insights across the organization.

Rapid analysis, insights and action

Better integrating and connecting data is, however, only one part of the equation. Insights from big data days, weeks, months or even years later limit our ability to make corrections and find opportunities for improvements. Speed to insights from the data is critical.

Technically, the data must be made available and analyzed in time to affect decisions. For example, near real time information is typically important for clinical care decisions. Once the data, analysis and insights have been generated, the individual making the decision needs to make that information part of the workflow and the decision-making process.

The digitally enabled organization

The organization needs to build trust in and adopt these new insights as tools to assist making the best decisions for each patient at the right place at the right time. This requires making the organization a digitally enabled organization.

The digitally enabled organization leverages experience, expertise and the best data-driven insights to make the right decisions, and operate most efficiently. The digitally enabled organization is agile and is enabled by the right insights at the right time. The digitally enabled organization drives the expansion of precision medicine, transforms the delivery of care and improves the patient experience.

Witness firsthand how digital agility and the digitally enabled organization can improve patient care and engagement. For example, organizations can create data-driven solutions to patient leakage challenges and rise to their operational opportunities. The result is optimal utilization and enhanced patient experience.3

Into the future

Achieving a digitally enabled organization lays a strong foundation to adopt new tools, ways of working and driving continuous improvement. This shift also allows the organization to incorporate predictive approaches and other advanced analytics that may include artificial intelligence. A layer of trust in insights creates a powerful data-driven culture that is transformative.

Size should matter: Five ways to help healthcare systems realize the benefits of scale

http://www.strategyand.pwc.com/reports/size-should-matter

Size Matters