Press release
Healthcare Business Intelligence Solution Market Subdivision, Technology, New Innovations, Future Guidelines, Key Players, Trends and Forecast 2022
Healthcare Business Intelligence Solution
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The business intelligence (BI) platforms assist to build BI applications by rendering competences in information delivery, platform integration, and analysis. Since healthcare organizations are recognizing the unexplored prospective of large amounts of information, they are enforcing solutions that use business intelligence to assist to sort, collect, and extract important insights out of this data. The major benefit of healthcare Business intelligence are easiness of handling a large volume data, and according to this analysis discovering growth opportunities and making new strategies or altering previous ones. A few of other advantages are the better patient satisfaction, proficient decision-making process, quick information exchange, transparency and clarity of information and cost and time efficiency.
The Asia-Pacific healthcare business intelligence solution market is projected to show prominent growth with stable compound annual growth rate during the forecast period of 2017 to 2022. Healthcare business intelligence assists in handling and examining huge amounts of data accumulated in the healthcare industry for efficient decision making. The global market is propelled by various factors like a need to manage rising healthcare costs, rise in healthcare data, enhance patient satisfaction, improve medical outcomes, and fulfill the rising regulatory agreement requirements. Excluding these parameters, other factors like rising application of smartphones by the healthcare industry, rising implementation of cloud computing, rising healthcare IT adoption, fueling the health insurance exchanges, healthcare data exchanges, and also the integration environments are circuitously supporting the growth of the global market. Though, factors like security issues and data privacy, absence of flexibility of systems, complex set of technologies, cultural barriers to IT adoption by the medical community particularly in Europe, lack of transparent and comparable healthcare data, lack of workforce with technical and healthcare skills, and operational gap between consumers and suppliers are anticipated to hamper the global market growth.
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The key market players in the Asia-Pacific healthcare business intelligence solution market are Microsoft Corporation (United States), Tableau Software (United States), IBM Corporation (United States), Information Builders (United States), MicroStrategy, Inc. (United States), Qlik Technologies, Inc. (United States), Oracle Corporation (United States), SAP AG (Germany), TIBCO Software Inc. (United States), SAS Institute, Inc. (United States), and other players such as Agilum Healthcare Intelligence (United States), Accenture (Ireland), CitiusTech (United States), Dimensional Insight (United States), Computer Sciences Corporation (United States), Hexaware Technologies Limited (India), Jaspersoft (United States), Infosys (India), Klipfolio Inc. (Canada), Siemens Healthcare (Germany), Perficient, Inc. (United States), Wipro Limited (India) and Tata Consultancy Services (TCS) (India), among others. By product type, the global market is divided as; Traditional BI, Cloud BI, and Mobile BI. According to the application, the market industry is classified as; Clinical, Financial Analysis and Operational Performance & Cost Management. Geographically, the Asia-Pacific healthcare business intelligence solution market is segmented into regions which are; India, China, South Korea, Japan, Australia, Taiwan and Southeast Asia.
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