Data Analytics in the Healthcare Industry Research Paper

Anonymous
timer Asked: Mar 29th, 2019
account_balance_wallet $30

Question Description

Industry Analysis

Overview and Rationale

As you complete this course and begin your program it is important to have a clear idea of the industry you want to work in and the role you want to prepare for. You have already done some initial research on a role within data analytics. In this assignment, you will research an industry to learn how big data analytics has changed the industry and what place you would like to play, as a data scientist, in the industry.

Course Outcomes

This assignment is directly linked to the following key learning outcomes from the course syllabus:

  • Articulate the value data analytics provides to a business’ goals and strategies based with respect to the business’ industry.
  • Verbalize ethical issues in the field of data analytics with respect to the ethical use of data; the tradeoffs between privacy and utility; and regulation and innovation.

Assignment Summary

There are two parts to this assignment. In Part 1 you will research and write about the impact Big Data analytics has had on a specific industry. In Part 2, you will present your findings in a presentation to classmates. If this is an online course, you will record yourself making the presentation and post it to the Industry Analysis discussion board.

Begin by selecting one of the industries discussed in this course (i.e., medical, energy, insurance, criminal justice, transportation, etc.) or an industry have an interest in. You are to research the scale, effects, impacts, and disruptions that Big Data analytics have had on the industry.

Part 1

Write a paper that demonstrates an understanding of the concepts presented in this course by discussing how a specific industry has been effected by big data analytics and the role you are interested in playing within the industry.

Begin by presenting your findings about this industry and answer the following questions:

  • How has data analytics evolved specifically in the industry?
  • Are there any ways in which big data has disrupted the industry?
  • How do you see analytics changing the industry in the future?

Then provide insights into data analytics within the industry by answering the following questions:

  • What are the organizational roles associated with data analytics? Are there any that are unique to the industry?
  • What is the current demand for data analytics talent in the industry?

Finally, if you are interested in working within the industry, discuss:

  • What makes it your ideal career? What specific role would you like to play? Is there a position you aspire to? Why?
  • If this is not an industry you wish to work, explain why. Include a discussion of why the available roles do not interest you.

Part 1 Submission Requirements

You will submit a 4-6 page paper that is supported by a minimum of 4 scholarly references. Properly cite all sources you decide to use for your analysis using APA citation rules.

Tutor Answer

NicholasI
School: Boston College

Hi, kindly find attached

Running Head: INDUSTRY ANALYSIS

1

Data Analytics in the Healthcare Industry
Student’s Name
Institution
Date

INDUSTRY ANALYSIS

2

Data Analytics in the Healthcare Industry
Data analytics is collecting data, analyzing it and turning it into useful information from
which a person can make conclusions (Wang et al., 2018). There are four types of data analytics;
descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics.
Descriptive analytics looks at the happenings of a specific period. Diagnostic analytics looks at
why the events happened. Predictive analytics looks at the future happenings, and finally,
prescriptive analytics tries to look for a solution to the underlying issue. Data analytics happens in
some steps. The first step is to map out the data requirements for the analysis for example when
collecting information about people infected with a virus; the data requirements can be age, gender,
date recorded, symptoms, etc. Data collection comes second; the methods and medium of data
collection are dependent on the person performing the analysis. The third step is data organization;
the researcher can use a spreadsheet or software to organize the data. After the data organization,
the researcher cleans up the data to ensure that there are no duplications. Lastly, data analysis
where the researcher makes conclusions from the data gathered. Most companies in every industry
use data analytics to get information that aids in the decision-making process. This paper looks at
how data analytics applies to the healthcare industry.
The healthcare industry embraced the use of technology, and over the past years, that
decision has seen the industry come up with better methods of prevention and treatment (Belle et
al., 2015). Technology also plays a big role in data analytics in the present day. Hospitals don’t
have to peruse through all the files of patients admitted into the hospital, each hospital has a
computer system where patient information gets stored. Doctors,...

flag Report DMCA
Review

Anonymous
Goes above and beyond expectations !

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors