Are other industries ahead of the healthcare market when it comes to data analytics?

I recently came across Tushar Hazra’s article called Data Analytics: What Healthcare Can Learn From Other Industries and was curious to read about his opinion on the state of data analytics across the North American market. Hazra said, “As a matter of business necessity, companies are moving toward a more aggressive approach to their utilization of data analytics. The most progressive and forward-thinking organizations clearly recognize the competitive edge data provides in getting their products or services to market faster.” He also stressed that healthcare has a very unique mix compared to other industries and can learn from other industries. Tushar certainly has a point there!  Two female doctors talking in corridorIn our 5 years of experience as a Business Intelligence (BI) solutions provider in the Middle East, Hazra’s findings can definitely be applied to the Gulf Region where innovation in BI and Enterprise Performance Management (EPM) solutions is taking off. We see many forward-thinking organizations across banking, telecom, education, manufacturing and retail, sports and entertainment, oil and gas, and government committing to BI solutions and taking control of their most important metrics — reaping immediate benefits. Whereas before the majority of companies were relying solely on spreadsheets to manage and control their business data, nowadays we see these companies realizing that they need an automated, reliable process to guide them in their decision-making processes. To give you a flavor of what we are seeing out in the various industries in this market, read how Qatar Development Bank automated their strategy management process along with advanced dashboards and reporting capabilities. In addition, learn how Ooredoo Group (former Qtel Group), a telecom company in Qatar, improved business operations while enhancing performance with its BI solution. And jumping over to the education sector, see how Qatar Foundation, an organization committed to furthering education, science and community development in Qatar and throughout the Middle East, uses best-in-class dashboards to study its business performance.

When looking specifically at the healthcare market in the Gulf Region, we can also say they are behind other industries at this point in time. However, the good news is that various leading healthcare organizations we are currently engaged with realize data analytics is a necessity and are taking initial steps to close the gap. We see a tremendous growth opportunity in the next years for the healthcare arena to adopt these analytics capabilities and transform their organizations effectively, ultimately improving the overall quality of healthcare in the region.