Big data has changed how we manage, analyze, and leverage data across industries. One of the most notable areas where data analysis is making big changes is healthcare.

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. The average human lifespan is increasing across the world population, which poses new challenges to today’s treatment delivery methods. Health professionals, just like business entrepreneurs, are capable of collecting massive amounts of data and looking for the best strategies to use these numbers.

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Everywhere you turn these days, “the cloud” is being talked about. It’s a hot topic, and as technologies continue to evolve at a rapid pace, the scope of the cloud continues to expand.

Yes, this ambiguous term seems to encompass almost everything about us. While “the cloud” is just a metaphor for the internet, cloud computing is what people are really talking about these days. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing expenses.

It is clear that utilizing the cloud is a trend that continues to grow – and will long into the future. We have already predicted the importance and implementation of the cloud in companies like Alibaba, Amazon, Google and Microsoft in our BI trends article earlier this year. Now, we’re going to dig a little deeper.

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Software-as-a-service (SaaS) is becoming an increasingly viable choice for organizations in search of accessibility, functionality, and versatility in a cutthroat business environment.

It’s possible for companies to run SaaS software solutions and online data analysis without the need to rely on installing and running applications on their own computer systems and data centers. As such, these incredible innovations are rising in popularity every year.

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The digital world is in a constant state of evolution, with trends, technologies, and company cultures changing with the passing of every year. 

If you don’t pay attention to the changes or keep up the pace, falling behind the times (and the market) is inevitable. And if that happens, your competitors are likely to leave you in the commercial dust.

The solution? Get to grips with the latest technology buzzwords and understand what they mean in a living, breathing business context.

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“You can have data without information, but you cannot have information without data.” – Daniel Keys Moran

When you think of big data, you usually think of applications related to banking, healthcare analytics, or manufacturing. After all, these are some pretty massive industries with many examples of big data analytics, and the rise of business intelligence software is answering what data management needs. However, the usage of data analytics isn’t limited to only these fields. While data science is a relatively new field, more and more industries are jumping on the data gold rush.

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