Healthcare Cost Management
Using Predictive Analytics for BI
Explorations
Analyzing Patterns with Predictive Tools
Implementing Predictive Analytics in Business
Data Mining in Public Sector Organizations
Key Challenges in Predictive Analytics Implementation
Mining Big Data for Competitive Advantage
Data Repository 
The main types include: Databases: Structured collections of data that are managed by database
management systems (DBMS)
...Cost Efficiency: Reduces data redundancy and storage costs by consolidating data sources
...Healthcare: Storing patient records and clinical data for research and improved patient care
...
Impactful Predictive Insights 
Retail Inventory
Management Optimizes stock levels, reducing holding
costs and stockouts
...Healthcare Patient Outcome Prediction Enhances treatment plans and resource allocation
...
Using Predictive Analytics for BI 
Risk
Management: Identifying potential risks and mitigating them proactively
...Cost Reduction Identifying inefficiencies and optimizing resource allocation reduces costs
...Healthcare In healthcare, predictive analytics helps in patient care management, predicting disease outbreaks, and optimizing treatment plans
...
Explorations 
Operational Efficiency Identifying inefficiencies can lead to
cost savings and improved productivity
...SAS Proprietary A software suite used for advanced analytics, business intelligence, and data
management ...Healthcare: Predicting disease outbreaks, patient diagnosis, and treatment optimization
...
Analyzing Patterns with Predictive Tools 
Industry Application Benefits
Healthcare Patient outcome prediction Improved patient care and resource allocation Finance Credit scoring and fraud detection
...Manufacturing Predictive maintenance Minimized downtime and
cost savings Transportation Traffic pattern analysis Improved route planning and congestion reduction Key Techniques in Predictive Analytics
...Risk
Management: By forecasting potential risks, businesses can develop strategies to mitigate them
...
Implementing Predictive Analytics in Business 
Cost Reduction Efficient resource allocation and inventory
management can lead to significant savings
...Healthcare A healthcare provider utilized predictive analytics to improve patient outcomes
...
Data Mining in Public Sector Organizations 
Healthcare Analytics: Hospitals and health departments use data mining to analyze patient data for improving treatment protocols and predicting outbreaks
...Transportation
Management: Data mining is used for traffic pattern analysis, optimizing public transport routes, and reducing congestion
...Cost Reduction Efficient resource allocation leads to significant cost savings for public organizations
...
Key Challenges in Predictive Analytics Implementation 
Common challenges include: Legacy Systems: Older systems may not support modern analytics tools, necessitating
costly upgrades or replacements
...Change
Management Implementing predictive analytics often requires a cultural shift within an organization
...Company B
Healthcare Patient Readmissions Decreased readmission rates by 15% using predictive modeling
...
Mining Big Data for Competitive Advantage 
Facilitating risk
management and fraud detection
...Cost Reduction: Identifying inefficiencies and optimizing operations can lead to significant cost savings
...Healthcare Healthcare providers analyze patient data to improve treatment outcomes and streamline operations, ultimately enhancing patient care
...
Data Enrichment 
Increased Operational Efficiency: Streamlined processes and accurate data lead to better resource allocation and
cost savings
...various industries: Retail: Retailers use enriched data to personalize shopping experiences and optimize inventory
management ...Healthcare: Healthcare providers enrich patient data to improve treatment plans and patient engagement
...
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