Ethan Chen

How Data Contextualization Makes a Difference in Healthcare

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The healthcare industry faces a multitude of challenges in handling the vast amounts of information it works with. From patient data to clinicians’ performance to health stats of different populations, healthcare is awash in information that is critical to the industry. So how do all the different stakeholders in the industry make sense of this information? That’s where data contextualization comes in. Understanding and identifying correlations, patterns, and trends in data is the link between data gathering/analysis and actionable insights. 

While the opportunities for the healthcare industry to leverage the power of data contextualization are limitless, in this article, we’ll dive into three examples of how this approach can make a difference in healthcare – from solving problems to uncovering new trends and patterns. 

How to Create Compelling Visualizations

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With the increasing number of people using electronic devices to stay connected to the world, the volume of information that we all digest has exploded exponentially. But human brains can struggle to understand and make sense of all this data so we often rely on abstraction and analogy to help. Data visualization is a combination of these two things and can help businesses comprehend big data and take action. As such, visualization can be critical to the success and growth of a company. 

If you think your business could benefit from a better understanding of its data, keep reading to learn how to create compelling stories to inform and influence decisions. 

Three challenges of data visualization

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Data visualization is becoming increasingly essential for any business. It represents statistics and other complex information in a more tangible way, making it easier to understand. A deeper and clearer understanding of data is a critical component in research and decision-making, driving industries forward by enhancing narratives and clarifying ideas that are otherwise hard to grasp.

Here’s Why Your Small Business Should Use Data Analytics

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The Singapore Institute of Technology and the Institute of Singapore Chartered Accountants recently conducted a study on small and medium-sized enterprises (SMEs) which revealed that about 70% of the 500+ SMEs surveyed had not yet adopted data analytics, with many relying on spreadsheets and databases to store and use their data. This finding suggests a lack of awareness or understanding of data analytics and the benefits it can offer businesses. Additionally, of the 70% of SMEs not using data analytics, half of them reported they had no intention of doing so in the future. With the success of many SMEs, and their positive contributions to world economies, they could be missing out on achieving more growth and a better understanding of their business. 

Meanwhile there are many companies who have made the switch to using advanced data analytics and commercial machine learning, a trend that could leave some SMEs in the dust. So how exactly can using data analytics benefit small businesses? Keep reading to learn more about this innovation and why your small business may want to leverage it for success. 

Using Gemini Explore to Boost Sales

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We live in a time when data is considered a currency. In almost every industry, there’s buying and selling of data to get profitable results. Data’s value is evident, as seen in the findings of McKinsey and MIT’s researchers. They determined that businesses that are basing most of their decisions on data were, on average, […]