Keywords

Analytics, Big data, Business intelligence, Costs, Data warehouse

 

Authors

  1. Schaeffer, Chad MS
  2. Booton, Lawrence MS
  3. Halleck, Jamey MBA
  4. Studeny, Jana MSHI, RN-BC, CP-HIMS
  5. Coustasse, Alberto DrPH, MD, MBA, MPH

Abstract

Big data has been considered as an effective tool for reducing health care costs by eliminating adverse events and reducing readmissions to hospitals. The purposes of this study were to examine the emergence of big data in the US health care industry, to evaluate a hospital's ability to effectively use complex information, and to predict the potential benefits that hospitals might realize if they are successful in using big data. The findings of the research suggest that there were a number of benefits expected by hospitals when using big data analytics, including cost savings and business intelligence. By using big data, many hospitals have recognized that there have been challenges, including lack of experience and cost of developing the analytics. Many hospitals will need to invest in the acquiring of adequate personnel with experience in big data analytics and data integration. The findings of this study suggest that the adoption, implementation, and utilization of big data technology will have a profound positive effect among health care providers.