The healthcare analytics phenomenon has been a leading edge topic for several years, with exciting discussions among health IT leaders around the capabilities of Big Data and predictive analytics tools at virtually every industry conference and event. What’s more, the practice of data analytics has now grown out of its infancy stages as more providers move forward, and move more deeply into, the challenging work of setting up the data warehouses and business intelligence capabilities needed to support analytics.
As further proof of the growth of the healthcare analytics market, last month Watson Health, IBM’s artificial intelligence computer system, acquired the Ann Arbor, Mich.-based Truven Health Analytics, a provider of cloud-based healthcare data, analytics and insights, with its more than 8,500 clients, for $2.6 billion. Upon completion of the acquisition, IBM’s health cloud will house one of the world’s largest repositories of health-related data.
It’s clear that data analytics is here to stay; yet the discussions around it are changing, health IT leaders say. Keith Figlioli, senior vice president of healthcare informatics at the Charlotte-based Premier, Inc., recently spoke with Healthcare Informatics on the state of healthcare analytics and he referenced Gartner’s Hype Cycle schematic around the maturity and adoption of new technologies as a good parallel. Gartner is an information technology research and advisory company, and according to Gartner’s Hype Cycle schematic, there are five key phases of a technology’s life cycle beginning with technology trigger and then moving into the peak of inflated expectations. That’s followed by a downswing, called the “trough of disillusionment,” and then eventually a gradual upswing, referred to as the slope of enlightenment and finally the plateau of productivity.Read More On www.healthcare-informatics.com