Big Data Challenges in Healthcare
Sentiment
Key Performance Indicators
Risk Management
Risk Governance
Business Reporting Standards
Document Retrieval
Revenue Growth
Sentiment 
Sentiment refers to the emotional tone or attitude expressed
in a piece of text
...focusing on determining the sentiment expressed in customer feedback, product reviews, social media posts, and other textual
data sources
...Healthcare: To understand patient feedback and improve services
...Challenges in Sentiment Analysis Despite its advantages, sentiment analysis faces several challenges: Ambiguity: Words can have different meanings based on context
...
Key Performance Indicators Key Performance
Indicators (KPIs) are measurable values that demonstrate how effectively a company is achieving its key business objectives
...Informed Decision Making: KPIs enable managers to make
data-driven decisions based on actual performance data
...Challenges in Measuring Key Performance Indicators While KPIs are essential for performance measurement, organizations may face several challenges: Data Quality: Poor data quality can lead to inaccurate KPI measurements, affecting decision-making
...Customer Return Rate Manufacturing Overall Equipment Effectiveness (OEE) Production Downtime Defect Rate
Healthcare Patient Satisfaction Score Average Length of Stay (ALOS) Readmission Rate Tools for Tracking Key Performance Indicators Organizations can utilize various
...
Risk Management (K)
It is an essential component of effective management and is applicable across various sectors,
including finance,
healthcare, construction, and information technology
...Risk Level Market Fluctuation High Medium High
Data Breach Very High Low Medium Regulatory Change Medium High High 3
...Challenges in Risk Management Despite its importance, organizations often face challenges in implementing effective risk management practices
...
Risk Governance It is a critical aspect of business operations, particularly
in the realm of business analytics and
data governance
...Challenges in Risk Governance Despite its importance, organizations often face challenges in implementing effective risk governance: Complexity of Risks: The increasing complexity of risks, including cyber threats and global market fluctuations, can make governance difficult
...Company B
Healthcare Improved compliance with regulations, leading to a 50% decrease in fines
...
Business Reporting Standards BRS) refer to a set of guidelines and principles that govern the preparation and presentation of financial and non-financial
information in business reports
...Board (SASB) Industry-Specific Standards Insurance Accounting Standards
Healthcare Reporting Standards Importance of Business Reporting Standards The adoption of Business Reporting Standards is essential for several reasons: Enhances
...Challenges in Implementing Business Reporting Standards Despite their importance, the implementation of Business Reporting Standards can pose several challenges: Complexity: The diverse range of standards can be complex, making it difficult for businesses to comply fully
...advanced technologies, such as artificial intelligence and blockchain, is expected to streamline reporting processes and enhance
data accuracy
...
Document Retrieval Document retrieval is a critical process
in the field of business analytics and text analytics
...It involves the identification, extraction, and management of relevant documents from a large collection of
data based on user queries
...Big Data Technologies Technologies like Hadoop and Spark are used to process and analyze large volumes of unstructured data
...Challenges in Document Retrieval Despite advancements in technology, document retrieval presents several challenges: Data Quality: Poorly structured or incomplete documents can hinder retrieval accuracy
...Healthcare: Medical professionals retrieve patient records, research articles, and clinical guidelines to support decision-making
...
Revenue Growth Revenue Growth Prescriptive analytics plays a crucial role in driving revenue growth by providing actionable insights based on
data analysis
...Challenges in Revenue Growth While striving for revenue growth, companies may face several challenges: Market Saturation: As markets mature, growth opportunities may become limited
...Revenue growth refers to the
increase in a company's sales over a specified period, typically expressed as a percentage
...10% - 25% Retail 3% - 10%
Healthcare 5% - 15% Manufacturing 2% - 8% Financial Services 4% - 12%
...
Sentiment Detection Machine Learning Approaches Machine learning techniques involve training algorithms on labeled
datasets to classify sentiments
...Challenges in Sentiment Detection Despite the advancements in sentiment detection, several challenges persist: Contextual Ambiguity: Words can have different meanings based on context, leading to misinterpretation
...Sentiment Detection, also known as Sentiment Analysis, is a subfield of Business Analytics and Text Analytics that
involves the use of natural language processing (NLP), text analysis, and computational linguistics to identify and extract subjective information from the source materials
...Healthcare Assessing patient feedback to enhance service quality
...
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