Healthcare Business Intelligence Market Size to Reach USD 27.63 Billion By 2032, With a Growing CAGR of 14% | Research by SNS Insider
SNS Insider pvt ltd
The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions.
Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share:
Mastering Business Intelligence: Comprehensive Guide to Concepts
“According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion by 2032 and grow at a CAGR of 14.0% over the forecast period 2024-2032.”
Business Intelligence (BI) is well-funded in the modern software-as-a-service market. BI utilizes big data to analyze various aspects of business, uncover new profit centers, and simulate potential developments. The market growth is driven by the increasing number of patient registries, as well as technological advancements in the pharmaceutical sector. An article published by Frontiers in August 2022 highlights patient registries as a crucial data source for healthcare practices, drug utilization, and clinical outcomes. Patient registries provide epidemiological data, and standards of care, and help in overcoming patient confidentiality issues, particularly for rare diseases. This anticipated growth in patient registries is also expected to drive the uptake of health business intelligence.
The healthcare BI market is growing rapidly due to the government’s initiative to increase the adoption of Electronic Health Records (EHR) and the proliferation of patient registries along with big data usage in healthcare. According to an article published by the Biomedical Journal of Scientific & Technical Research in 2021, the government is digitalizing healthcare services by incorporating EHR for better patient data management and to facilitate coordination among healthcare providers. The government is also introducing national-level policies, such as the National Digital Health Blueprint, to ensure a single digital health record across India. Additionally, institutions like Tata Memorial Hospital and Max Hospitals Private Limited have implemented electronic medical records (EMR) systems and plan to transition to EHR systems. The widespread implementation of BI across the healthcare industry, alongside its associated benefits, is expected to further drive market expansion.
Get a Sample Report of Healthcare Business Intelligence (BI) Market@ https://www.snsinsider.com/sample-request/2089
What is Business Intelligence? – BI Definition – TechnologyAdvice
Major Players Listed in this Report are:
Healthcare Business Intelligence (BI) Market Report Scope:
Report Attributes
Details
What Is Business Intelligence (BI)? Types, Benefits, and Examples
Market Size in 2023
US$ 9.0 Billion
Market Size by 2032
US$ 27.63 Billion
CAGR
CAGR of 14.0% From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Key Growth Drivers
•The Increasing Integration of EHR Systems Across Healthcare Facilities Is Driving the Demand for Business Intelligence (BI) Tools that can Analyze Large Volumes of Patient Data, Improve Decision-Making, and Enhance Patient Outcomes.•The Shift Towards Value-Based Care and Personalized Medicine has Led to an Increased Focus on Healthcare Analytics. Bi Tools are Crucial in Analyzing Patient Data, Predicting Trends, And Enabling More Effective Management of Resources and Treatments.
Do you have any specific queries or need any customization research or data on Healthcare Business Intelligence (BI) Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2089
Segmentation Dynamics
In 2023, healthcare payers held the largest revenue share at 40%. Market growth is being driven by the increasing need to enhance provider networks, the implementation of various healthcare business intelligence (BI) tools to reduce operational costs, and rising competition among payers. Additionally, the growing emphasis on increasing memberships and minimizing fraud claims is pushing payers to adopt BI solutions to manage their operational expenses more effectively.
During the forecast period, the healthcare manufacturers segment is expected to experience significant market growth. The large number of pharmaceutical and medical device manufacturers in both developed and emerging economies has been contributing to rapid revenue generation. Meanwhile, healthcare manufacturers are increasingly turning to SaaS software to reduce maintenance and development costs, which is anticipated to further drive the market.
Furthermore, customer analytics tools such as direct marketing and Customer Relationship Management (CRM) dashboards are helping various vendors, including hospitals, government bodies, and employers’ private exchangers, to become more efficient in terms of revenue growth and cost savings. This, in turn, is expected to drive the uptake of business intelligence tools by vendors.
Healthcare Business Intelligence (BI) Market Key Segmentation:
By Component
By Mode of Delivery
On-premise
Cloud-based
Hybrid
By Application
Financial Analysis
Operational Analysis
Clinical Analysis
Patient Care
By End User
Payers
Providers
Healthcare Manufacturers
Regional Insights
North America accounted for the largest revenue share of 48% in 2023, mainly due to the increased implementation of BI solutions and services in healthcare aiming to offer enhanced patient care. The presence of large manufacturing hubs and reduced expenses are also key factors driving regional growth. Additionally, the constant upgrading of healthcare and IT infrastructure, along with increased adoption of cloud computing, has contributed to the growth. In 2023, the U.S. accounted for the highest revenue share in the North American market due to its high adoption of advanced BI technology, changing analytics protocols, easy availability of BI infrastructure, and a professional BIG data crowd.
On the other hand, Asia Pacific is expected to be the most lucrative regional market in the forecast period due to increasing awareness about BI tools among healthcare providers and organizations, driven by government initiatives. The regional market growth is also attributed to the increased penetration of mobile-based solutions and the implementation of technologically advanced BI solutions in countries including India, China, and Japan.
Recent Developments
In June 2022, Oracle Corporation acquired Cerner Corporation, a provider of health information technology services.
In January 2022, PINC AI, the technology and services platform of Premier Inc., launched its latest release called INsights. This revamped healthcare self-service solution is designed to provide personalized, on-demand analytics.
Buy a Single-User PDF of Healthcare Business Intelligence (BI) Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2089
Key Takeaways
Healthcare payers had the largest market share 40% in 2023, focusing on reducing operational costs and building provider networks.
North America accounted for the largest share of revenue 48% in 2023, attributed to a mature business intelligence market and well-established healthcare infrastructure.
Growth is being driven by an increasing prevalence of chronic diseases and the need for patient-centric continuous monitoring.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Healthcare Business Intelligence (BI) Market Segmentation, by Component
8. Healthcare Business Intelligence (BI) Market Segmentation, by Application
9. Healthcare Business Intelligence (BI) Market Segmentation, by End User
10. Healthcare Business Intelligence (BI) Market Segmentation, by Mode of Delivery
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of Healthcare Business Intelligence (BI) Market Analysis 2024-2032@ https://www.snsinsider.com/reports/healthcare-business-intelligence-bi-market-2089
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Cloudbeds redefines PMS with native business intelligence for hoteliers
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Cloudbeds redefines PMS with native business intelligence for hoteliers
State
Zip Code
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Transforming Your Organization with the Power of Business Intelligence
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With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small and large businesses, enabling them to make data-driven decisions.
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. It combines internal and external data sources into a logical framework that helps produce insights that can be put into action. Business intelligence is a valuable resource that facilitates managers, executives and stakeholders to make informed decisions.
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. Essentially, BI transforms raw data into meaningful information that empowers organizations to make data-driven decisions.
The Four Pillars of Business Intelligence
Data Collection and Integration: Business Intelligence starts with the compilation of information from various sources, such as social media interactions, market trends, consumer profiles and sales statistics. This data must be integrated into a single platform in order to provide a comprehensive view and analysis.
Data Visualization and Analysis: BI tools analyze trends, patterns, and connections using sophisticated analytics. Visualization tools like dashboards, charts, and graphs transform complex data into understandable insights for efficient decision-making.
Predictive Analytics: BI doesn’t merely focus on the present; it anticipates the future. To predict future trends, predictive analytics uses machine learning models and statistical algorithms. This makes it possible for companies to plan ahead and adapt proactively.
Actionable Insights: BI aims to generate actionable insights, not just reports. These insights help optimize operations, identify new opportunities, and enhance overall performance.
The Transformative Impact of Business Intelligence Improved Decision Making
BI tools give businesses access to real-time data, which is essential for making timely, well-informed decisions. This eliminates the need for guesswork and intuition-based decisions in favor of data-driven ones. Additionally, BI tools, like dashboards and visualizations, present data in an understandable format, making it easier for decision-makers to quickly comprehend complex information and react to changes that may have an impact on the business.
Operational Efficiency
The operational efficiency of an organization can be greatly improved using business intelligence. By automating repetitive operations, BI solutions allow employees to concentrate on more important facets of the company. Furthermore, by highlighting areas in the business process that require improvement, BI tools enable firms to get rid of bottlenecks, simplify procedures and cut expenses. Customer satisfaction and service delivery are enhanced as a result.
Improved Bottom Line
Business Intelligence can assist companies in increasing revenue and sales by offering insightful information about consumer behavior. With the use of BI technologies, marketers can better focus their campaigns and boost sales by analyzing customer data to find trends, buying patterns and preferences. Additionally, organizations can use business intelligence to pinpoint successful consumer categories and concentrate their marketing efforts on them. Revenue growth and improved conversion rates are possible outcomes of this focused strategy.
Competitive Advantage
Business Intelligence provides a competitive edge in today’s data-driven world. Through the utilization of BI tools, companies can acquire comprehensive insights into the tactics, advantages and disadvantages of their rivals and utilize this data to formulate strategic plans. Similarly, it facilitates prompt market adaptation and can assist companies in recognizing customer behavior shifts and market trends.
Advancing technology promises a bright future for BI. AI and machine learning will enhance predictive analytics, enabling businesses to foresee trends and adapt quickly. Integrating BI with emerging technologies like IoT and blockchain will unlock new dimensions of data analysis and decision-making.
Conclusion
Business Intelligence has evolved from being a mere buzzword to a transformative force shaping the future of businesses. It empowers organizations to navigate complexities, capitalize on opportunities, and drive growth in an increasingly data-centric world. Embracing BI isn’t just an option; it’s a necessity for businesses aspiring to thrive in today’s competitive landscape.
repeating the info from intro [SD1]
This doesn’t fit right here… please change the placement [SD2]
Healthcare Business Intelligence Market Size to Reach USD 27.63 Billion By 2032, With a Growing CAGR of 14% | Research by SNS Insider
SNS Insider pvt ltd
The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions.
Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share:
“According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion by 2032 and grow at a CAGR of 14.0% over the forecast period 2024-2032.”
Business Intelligence (BI) is well-funded in the modern software-as-a-service market. BI utilizes big data to analyze various aspects of business, uncover new profit centers, and simulate potential developments. The market growth is driven by the increasing number of patient registries, as well as technological advancements in the pharmaceutical sector. An article published by Frontiers in August 2022 highlights patient registries as a crucial data source for healthcare practices, drug utilization, and clinical outcomes. Patient registries provide epidemiological data, and standards of care, and help in overcoming patient confidentiality issues, particularly for rare diseases. This anticipated growth in patient registries is also expected to drive the uptake of health business intelligence.
The healthcare BI market is growing rapidly due to the government’s initiative to increase the adoption of Electronic Health Records (EHR) and the proliferation of patient registries along with big data usage in healthcare. According to an article published by the Biomedical Journal of Scientific & Technical Research in 2021, the government is digitalizing healthcare services by incorporating EHR for better patient data management and to facilitate coordination among healthcare providers. The government is also introducing national-level policies, such as the National Digital Health Blueprint, to ensure a single digital health record across India. Additionally, institutions like Tata Memorial Hospital and Max Hospitals Private Limited have implemented electronic medical records (EMR) systems and plan to transition to EHR systems. The widespread implementation of BI across the healthcare industry, alongside its associated benefits, is expected to further drive market expansion.
Get a Sample Report of Healthcare Business Intelligence (BI) Market@ https://www.snsinsider.com/sample-request/2089
Major Players Listed in this Report are:
Healthcare Business Intelligence (BI) Market Report Scope:
Report Attributes
Details
Market Size in 2023
US$ 9.0 Billion
Market Size by 2032
US$ 27.63 Billion
CAGR
CAGR of 14.0% From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Key Growth Drivers
•The Increasing Integration of EHR Systems Across Healthcare Facilities Is Driving the Demand for Business Intelligence (BI) Tools that can Analyze Large Volumes of Patient Data, Improve Decision-Making, and Enhance Patient Outcomes.•The Shift Towards Value-Based Care and Personalized Medicine has Led to an Increased Focus on Healthcare Analytics. Bi Tools are Crucial in Analyzing Patient Data, Predicting Trends, And Enabling More Effective Management of Resources and Treatments.
Do you have any specific queries or need any customization research or data on Healthcare Business Intelligence (BI) Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2089
Segmentation Dynamics
In 2023, healthcare payers held the largest revenue share at 40%. Market growth is being driven by the increasing need to enhance provider networks, the implementation of various healthcare business intelligence (BI) tools to reduce operational costs, and rising competition among payers. Additionally, the growing emphasis on increasing memberships and minimizing fraud claims is pushing payers to adopt BI solutions to manage their operational expenses more effectively.
During the forecast period, the healthcare manufacturers segment is expected to experience significant market growth. The large number of pharmaceutical and medical device manufacturers in both developed and emerging economies has been contributing to rapid revenue generation. Meanwhile, healthcare manufacturers are increasingly turning to SaaS software to reduce maintenance and development costs, which is anticipated to further drive the market.
Furthermore, customer analytics tools such as direct marketing and Customer Relationship Management (CRM) dashboards are helping various vendors, including hospitals, government bodies, and employers’ private exchangers, to become more efficient in terms of revenue growth and cost savings. This, in turn, is expected to drive the uptake of business intelligence tools by vendors.
Healthcare Business Intelligence (BI) Market Key Segmentation:
By Component
By Mode of Delivery
On-premise
Cloud-based
Hybrid
By Application
Financial Analysis
Operational Analysis
Clinical Analysis
Patient Care
By End User
Payers
Providers
Healthcare Manufacturers
Regional Insights
North America accounted for the largest revenue share of 48% in 2023, mainly due to the increased implementation of BI solutions and services in healthcare aiming to offer enhanced patient care. The presence of large manufacturing hubs and reduced expenses are also key factors driving regional growth. Additionally, the constant upgrading of healthcare and IT infrastructure, along with increased adoption of cloud computing, has contributed to the growth. In 2023, the U.S. accounted for the highest revenue share in the North American market due to its high adoption of advanced BI technology, changing analytics protocols, easy availability of BI infrastructure, and a professional BIG data crowd.
On the other hand, Asia Pacific is expected to be the most lucrative regional market in the forecast period due to increasing awareness about BI tools among healthcare providers and organizations, driven by government initiatives. The regional market growth is also attributed to the increased penetration of mobile-based solutions and the implementation of technologically advanced BI solutions in countries including India, China, and Japan.
Recent Developments
In June 2022, Oracle Corporation acquired Cerner Corporation, a provider of health information technology services.
In January 2022, PINC AI, the technology and services platform of Premier Inc., launched its latest release called INsights. This revamped healthcare self-service solution is designed to provide personalized, on-demand analytics.
Buy a Single-User PDF of Healthcare Business Intelligence (BI) Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2089
Key Takeaways
Healthcare payers had the largest market share 40% in 2023, focusing on reducing operational costs and building provider networks.
North America accounted for the largest share of revenue 48% in 2023, attributed to a mature business intelligence market and well-established healthcare infrastructure.
Growth is being driven by an increasing prevalence of chronic diseases and the need for patient-centric continuous monitoring.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Healthcare Business Intelligence (BI) Market Segmentation, by Component
8. Healthcare Business Intelligence (BI) Market Segmentation, by Application
9. Healthcare Business Intelligence (BI) Market Segmentation, by End User
10. Healthcare Business Intelligence (BI) Market Segmentation, by Mode of Delivery
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of Healthcare Business Intelligence (BI) Market Analysis 2024-2032@ https://www.snsinsider.com/reports/healthcare-business-intelligence-bi-market-2089
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Transforming Your Organization with the Power of Business Intelligence
Share
Share
Share
Email
With the ability to drive strategic initiatives, make educated decisions and extract valuable insights from raw data, business intelligence (BI) has become a key enabler for organizational success. BI has revolutionized the way businesses operate and plan for the future in this age of intense competition and rapid technological advancement. One of the most powerful business intelligence tools available, Intellicus has provided tailored solutions to over 17,000 small and large businesses, enabling them to make data-driven decisions.
Understanding Business Intelligence
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. It combines internal and external data sources into a logical framework that helps produce insights that can be put into action. Business intelligence is a valuable resource that facilitates managers, executives and stakeholders to make informed decisions.
Business Intelligence (BI) is a technology-driven process that analyzes business data to provide actionable information that informs strategic and operational decisions. It involves collecting, storing, analyzing, and visualizing data to uncover patterns, trends, and insights that drive business performance. Essentially, BI transforms raw data into meaningful information that empowers organizations to make data-driven decisions.
The Four Pillars of Business Intelligence
Data Collection and Integration: Business Intelligence starts with the compilation of information from various sources, such as social media interactions, market trends, consumer profiles and sales statistics. This data must be integrated into a single platform in order to provide a comprehensive view and analysis.
Data Visualization and Analysis: BI tools analyze trends, patterns, and connections using sophisticated analytics. Visualization tools like dashboards, charts, and graphs transform complex data into understandable insights for efficient decision-making.
Predictive Analytics: BI doesn’t merely focus on the present; it anticipates the future. To predict future trends, predictive analytics uses machine learning models and statistical algorithms. This makes it possible for companies to plan ahead and adapt proactively.
Actionable Insights: BI aims to generate actionable insights, not just reports. These insights help optimize operations, identify new opportunities, and enhance overall performance.
The Transformative Impact of Business Intelligence Improved Decision Making
BI tools give businesses access to real-time data, which is essential for making timely, well-informed decisions. This eliminates the need for guesswork and intuition-based decisions in favor of data-driven ones. Additionally, BI tools, like dashboards and visualizations, present data in an understandable format, making it easier for decision-makers to quickly comprehend complex information and react to changes that may have an impact on the business.
Operational Efficiency
The operational efficiency of an organization can be greatly improved using business intelligence. By automating repetitive operations, BI solutions allow employees to concentrate on more important facets of the company. Furthermore, by highlighting areas in the business process that require improvement, BI tools enable firms to get rid of bottlenecks, simplify procedures and cut expenses. Customer satisfaction and service delivery are enhanced as a result.
Improved Bottom Line
Business Intelligence can assist companies in increasing revenue and sales by offering insightful information about consumer behavior. With the use of BI technologies, marketers can better focus their campaigns and boost sales by analyzing customer data to find trends, buying patterns and preferences. Additionally, organizations can use business intelligence to pinpoint successful consumer categories and concentrate their marketing efforts on them. Revenue growth and improved conversion rates are possible outcomes of this focused strategy.
Competitive Advantage
Business Intelligence provides a competitive edge in today’s data-driven world. Through the utilization of BI tools, companies can acquire comprehensive insights into the tactics, advantages and disadvantages of their rivals and utilize this data to formulate strategic plans. Similarly, it facilitates prompt market adaptation and can assist companies in recognizing customer behavior shifts and market trends.
Ethical Considerations in BI
The Future of Business Intelligence
Advancing technology promises a bright future for BI. AI and machine learning will enhance predictive analytics, enabling businesses to foresee trends and adapt quickly. Integrating BI with emerging technologies like IoT and blockchain will unlock new dimensions of data analysis and decision-making.
Conclusion
Business Intelligence has evolved from being a mere buzzword to a transformative force shaping the future of businesses. It empowers organizations to navigate complexities, capitalize on opportunities, and drive growth in an increasingly data-centric world. Embracing BI isn’t just an option; it’s a necessity for businesses aspiring to thrive in today’s competitive landscape.
repeating the info from intro [SD1]
This doesn’t fit right here… please change the placement [SD2]
Healthcare Business Intelligence Market Size to Reach USD 27.63 Billion By 2032, With a Growing CAGR of 14% | Research by SNS Insider
SNS Insider pvt ltd
The rise in electronic health records (EHRs) and the integration of big data analytics in healthcare have further propelled the adoption of BI solutions.
Pune, Aug. 14, 2024 (GLOBE NEWSWIRE) — Healthcare Business Intelligence Market Size & Share:
“According to SNS Insider Research, The Healthcare Business Intelligence (BI) Market Size was valued at US$ 9.0 Billion in 2023 and is expected to reach US$ 27.63 Billion by 2032 and grow at a CAGR of 14.0% over the forecast period 2024-2032.”
Business Intelligence (BI) is well-funded in the modern software-as-a-service market. BI utilizes big data to analyze various aspects of business, uncover new profit centers, and simulate potential developments. The market growth is driven by the increasing number of patient registries, as well as technological advancements in the pharmaceutical sector. An article published by Frontiers in August 2022 highlights patient registries as a crucial data source for healthcare practices, drug utilization, and clinical outcomes. Patient registries provide epidemiological data, and standards of care, and help in overcoming patient confidentiality issues, particularly for rare diseases. This anticipated growth in patient registries is also expected to drive the uptake of health business intelligence.
The healthcare BI market is growing rapidly due to the government’s initiative to increase the adoption of Electronic Health Records (EHR) and the proliferation of patient registries along with big data usage in healthcare. According to an article published by the Biomedical Journal of Scientific & Technical Research in 2021, the government is digitalizing healthcare services by incorporating EHR for better patient data management and to facilitate coordination among healthcare providers. The government is also introducing national-level policies, such as the National Digital Health Blueprint, to ensure a single digital health record across India. Additionally, institutions like Tata Memorial Hospital and Max Hospitals Private Limited have implemented electronic medical records (EMR) systems and plan to transition to EHR systems. The widespread implementation of BI across the healthcare industry, alongside its associated benefits, is expected to further drive market expansion.
Get a Sample Report of Healthcare Business Intelligence (BI) Market@ https://www.snsinsider.com/sample-request/2089
Major Players Listed in this Report are:
Healthcare Business Intelligence (BI) Market Report Scope:
Report Attributes
Details
Market Size in 2023
US$ 9.0 Billion
Market Size by 2032
US$ 27.63 Billion
CAGR
CAGR of 14.0% From 2024 to 2032
Base Year
2023
Forecast Period
2024-2032
Historical Data
2020-2022
Key Regional Coverage
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Key Growth Drivers
•The Increasing Integration of EHR Systems Across Healthcare Facilities Is Driving the Demand for Business Intelligence (BI) Tools that can Analyze Large Volumes of Patient Data, Improve Decision-Making, and Enhance Patient Outcomes.•The Shift Towards Value-Based Care and Personalized Medicine has Led to an Increased Focus on Healthcare Analytics. Bi Tools are Crucial in Analyzing Patient Data, Predicting Trends, And Enabling More Effective Management of Resources and Treatments.
Do you have any specific queries or need any customization research or data on Healthcare Business Intelligence (BI) Market, Make an Enquiry Now@ https://www.snsinsider.com/enquiry/2089
Segmentation Dynamics
In 2023, healthcare payers held the largest revenue share at 40%. Market growth is being driven by the increasing need to enhance provider networks, the implementation of various healthcare business intelligence (BI) tools to reduce operational costs, and rising competition among payers. Additionally, the growing emphasis on increasing memberships and minimizing fraud claims is pushing payers to adopt BI solutions to manage their operational expenses more effectively.
During the forecast period, the healthcare manufacturers segment is expected to experience significant market growth. The large number of pharmaceutical and medical device manufacturers in both developed and emerging economies has been contributing to rapid revenue generation. Meanwhile, healthcare manufacturers are increasingly turning to SaaS software to reduce maintenance and development costs, which is anticipated to further drive the market.
Furthermore, customer analytics tools such as direct marketing and Customer Relationship Management (CRM) dashboards are helping various vendors, including hospitals, government bodies, and employers’ private exchangers, to become more efficient in terms of revenue growth and cost savings. This, in turn, is expected to drive the uptake of business intelligence tools by vendors.
Healthcare Business Intelligence (BI) Market Key Segmentation:
By Component
By Mode of Delivery
On-premise
Cloud-based
Hybrid
By Application
Financial Analysis
Operational Analysis
Clinical Analysis
Patient Care
By End User
Payers
Providers
Healthcare Manufacturers
Regional Insights
North America accounted for the largest revenue share of 48% in 2023, mainly due to the increased implementation of BI solutions and services in healthcare aiming to offer enhanced patient care. The presence of large manufacturing hubs and reduced expenses are also key factors driving regional growth. Additionally, the constant upgrading of healthcare and IT infrastructure, along with increased adoption of cloud computing, has contributed to the growth. In 2023, the U.S. accounted for the highest revenue share in the North American market due to its high adoption of advanced BI technology, changing analytics protocols, easy availability of BI infrastructure, and a professional BIG data crowd.
On the other hand, Asia Pacific is expected to be the most lucrative regional market in the forecast period due to increasing awareness about BI tools among healthcare providers and organizations, driven by government initiatives. The regional market growth is also attributed to the increased penetration of mobile-based solutions and the implementation of technologically advanced BI solutions in countries including India, China, and Japan.
Recent Developments
In June 2022, Oracle Corporation acquired Cerner Corporation, a provider of health information technology services.
In January 2022, PINC AI, the technology and services platform of Premier Inc., launched its latest release called INsights. This revamped healthcare self-service solution is designed to provide personalized, on-demand analytics.
Buy a Single-User PDF of Healthcare Business Intelligence (BI) Market Analysis & Outlook Report 2024-2032@ https://www.snsinsider.com/checkout/2089
Key Takeaways
Healthcare payers had the largest market share 40% in 2023, focusing on reducing operational costs and building provider networks.
North America accounted for the largest share of revenue 48% in 2023, attributed to a mature business intelligence market and well-established healthcare infrastructure.
Growth is being driven by an increasing prevalence of chronic diseases and the need for patient-centric continuous monitoring.
Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
7. Healthcare Business Intelligence (BI) Market Segmentation, by Component
8. Healthcare Business Intelligence (BI) Market Segmentation, by Application
9. Healthcare Business Intelligence (BI) Market Segmentation, by End User
10. Healthcare Business Intelligence (BI) Market Segmentation, by Mode of Delivery
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
Access Complete Report Details of Healthcare Business Intelligence (BI) Market Analysis 2024-2032@ https://www.snsinsider.com/reports/healthcare-business-intelligence-bi-market-2089
[For more information or need any customization research mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
CONTACT: Contact Us: Akash Anand – Head of Business Development & Strategy info@snsinsider.com Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
What Is The Connection Between Business Intelligence and Knowledge Management
With an ever increasing volume of available information, how can one keep up and make use of it?
Information simply has to be accessible – gathering, managing and utilizing information is an inevitable part of running any modern business.
How?
There are two information management technologies we use: Business Intelligence (BI) and Knowledge Management (KM).
However, terms information, data and knowledge are often used interchangeably, thus, apart from being confused about each phrase, there is oftentimes much confusion around the definitions of BI and KM. This calls for quick explanation.
So, what is Business Intelligence (BI)?
Generally, BI is considered to be a set of tools and techniques applied to gather data and transform it into information that can be used in business analysis for the purposes of business development.
Every company gathers, collects, or to say more accurately, deals with a large amounts of data, including various business documents, emails, newspaper articles, web pages, reports, contracts, technical journals and reviews, spreadsheets, graphs and charts and other relevant sources of business data.
BI technologies usually deal with large amounts of unstructured data via the use of data warehousing and online analytical processing (OLAP).
All these data needs to be organized and validated – prepared for business analytics.
Thus,
“BI is about providing the right data at the right time to the right people so that they can take the right decisions.” (Nic Smith)
And, what is Knowledge Management (KM)?
Knowledge Management can be defined in many ways as it spans many multi-disciplinary approaches – content management, collaboration, the science of organizational behavior, analyses like observation of trends and appearance of anomalies, clustering, classification, summarization, taxonomy building and so on.
This is probably one of the widely quoted definitions (Davenport, 1994), yet simple and to the point:
“Knowledge management is the process of capturing, distributing, and effectively using knowledge.”
KM refers to a set of techniques used to capture, share, and use the information available in order to achieve business objectives and to aid in business decision making based on business analytics.
There has been immense growth in the domain of knowledge management in the last decade and new applications and solutions that empower knowledge sharing and knowledge management have appeared.
Similarities and Differences between BI and KM
Confusion between these two technologies comes from the fact that they deal with many similar processes.
Both business intelligence and knowledge management capture, collect, organize, analyze and aggregate data in order to find the best solutions regarding business decision making processes.
Business intelligence goes as far back as the 19th century and the beginnings of entrepreneurship. and it has been developing steadily over many years.
BI enables organizations to integrate data across the enterprise, unlock the information and empower knowledge worker to make better (and faster) decisions – it focuses on explicit knowledge.
However, KM deals with the creation of new knowledge and the dispersion of existing knowledge throughout an organization – it encompasses both tacit and explicit knowledge, thus, we can say that KM can influence the very nature of business intelligence.
In very simple terms, knowledge management has developed as a way to make sense of the information collected via business intelligence and utilize it in the best possible way in business expansion.
“Knowledge management will never work until corporations realize it’s not about how you capture knowledge but how you create and leverage it.” Etienne Wenger
We could say that knowledge management draws on business intelligence in order to produce new knowledge, organize it into knowledge networks and utilize it for achieving specific goals.
But, these concepts promote decision-making, learning, and understanding:
“KM and BI, while differing, need to be considered together as necessarily integrated and mutually critical components in the management of intellectual capital.”
The future?
KM and BI use data to develop knowledge in order to empower better decision making.
In the knowledge-based economy, BI and KM are utilized to solve information glut and knowledge sharing, and although different, they interrelate.
Both information management technologies are developing and growing as it’s clear that there is an ever increasing need of businesses for useful information on which to base their decision making.
Techniques used in both BI and KM will eventually blend and merge in order to provide the best possible results, and even inspire new developments and avenues in information management technology.
The integration of these two has already been proposed by experts as BIKM and it is realistic to say this is the future of the connection between BI and KM.
Image credit: CC by Timo Elliott
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Business Intelligence vs. Competitive Intelligence Business Intelligence vs. Competitive Intelligence: What’s the Difference? Business Intelligence vs. Competitive Intelligence: An Overview Competitive intelligence is the act of understanding a company’s industry and industry rivals so the company can make better business decisions. Business intelligence refers to the tools, software, and systems that play a vital role in the strategic planning process of a company. Key Takeaways Competitive intelligence is the outward-focused analysis of a business’s competitors to identify advantages and potential strategies.In contrast, business intelligence is the inward-focused evaluation of the business’s own data, which can help improve efficiency and growth.Combining both business and competitive intelligence…
RBC Capital Keeps Their Buy Rating on Jasper… RBC Capital Keeps Their Buy Rating on Jasper Therapeutics (JSPR) In a report released yesterday, Gregory Renza from RBC Capital maintained a Buy rating on Jasper Therapeutics (JSPR – Research Report), with a price target of $68.00. The company’s shares closed yesterday at $18.85. Renza covers the Healthcare sector, focusing on stocks such as Perspective Therapeutics, Pacira Pharmaceuticals, and Viridian Therapeutics. According to TipRanks, Renza has an average return of 13.8% and a 45.27% success rate on recommended stocks. Jasper Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $72.71, which is a 285.73% upside…
Google Business Profile - The Evolution of Google My… 6 ways the Google antitrust ruling could change the internet State Zip Code Country News Google Provides First Look at Plans for Chicago's Thompson Peep This List Of Financial Resources For Black Business Owners And Entrepreneurs by Derek Major August 13, 2024 For Black Business Month, Black Enterprise has compiled a list of financial resources that will help Black entrepreneurs. Black-owned businesses have been thriving this year. Whether it’s retail, hair and beauty, food, or liquor, there are more Black entrepreneurs than ever, and many are becoming successful businessmen and women. Despite the news, many Black entrepreneurs struggle to find…
Why enterprise CIOs need to plan for Microsoft gen AI Why enterprise CIOs need to plan for Microsoft gen AI Enterprises with strong experience in open source may look to open foundation models as an option to reduce costs, but Curran cautions against equating open weight models with the more familiar open source ecosystem. He predicts enterprises will adopt them though, including using them in curated environments provided like Azure. “I’ve seen a lot of interest in the open source models, but not many in production,” says Boyd, although customers are starting to use small models like Microsoft’s own Phi series. “But it’s largely early days. I haven’t seen mass…
Black Books That Will Get Your Head Right During… Black Books That Will Get Your Head Right During Black Business Month Looking to learn more about business and how to successfully operate? Well, look no further BLACK ENTERPRISE selected 9 business books Originally Published Aug. 19, 2023. Looking to learn more about business and how to successfully operate? Well, look no further. BLACK ENTERPRISE has selected nine business books that go beyond scratching the surface. Real talk: this is required reading. These Black authors do a deep dive into the world of business, sharing strategies, successful blueprints, and business models to educate about emerging and established entrepreneurs and business owners.…
Qlik Sense Business Analyst Certification - Credly Exciting New Partnership: Optimum and Qlik Join Forces to Transform Data Analytics for Clients With Seamless Data Integration and Cutting-Edge Visualization, This Partnership Will Drive Business Growth and Empower Data-Driven Decisions for Businesses of All Sizes HOUSTON, TX / ACCESSWIRE / August 8, 2024 / Optimum Consultancy Services, a leader in IT consulting that specializes in data, business intelligence (BI), and artificial intelligence (AI) solutions, is thrilled to announce a new strategic partnership with Qlik®, a renowned leader in data integration and data analytics solutions. This partnership is set to transform the way businesses leverage data for strategic decision-making. Through…
Snowflake launches Cortex Analyst, an agentic AI… Snowflake launches Cortex Analyst, an agentic AI system for accurate data analytics Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Snowflake is all set to deploy powerful language models for complex data work. Today, the company announced it is launching Cortex Analyst, an all-new agentic AI system for self-service analytics, in public preview. First announced during the company’s data cloud summit in June, Cortex Analyst is a fully managed service that provides businesses with a conversational interface to talk to their data. All the users have to do is…
Microsoft’s cloud business powers 10% growth in… Microsoft’s cloud business powers 10% growth in quarterly profits AP REDMOND, Wash. (AP) — Microsoft reported a 10% increase in quarterly profits Tuesday as it tries to maintain its position as a leader in artificial intelligence technology. The software giant said its fiscal fourth-quarter profit was $22 billion, or $2.95 per share, slightly beating analyst expectations for $2.94 per share. reasons to use Microsoft Power BI Stitch It posted revenue of $64.7 billion in the April-June period, up 15% from last year. Analysts polled by FactSet Research had been looking for revenue of $64.4 billion. Microsoft’s growth was led by…
Can AI even be open source? It’s complicated Can AI even be open source? It’s complicated zf L/Getty Images Without open source, there is no artificial intelligence (AI). Period. End of statement. It’s not just that AI’s early roots spring from the 1960s’ open language Lisp; the headline AI generative models, such as ChatGPT, Llama 2, and DALL-E, are built on solid, open-source foundations. However, those models and programs themselves are not open source. Also: AI scientist: ‘We need to think outside the large language model box’ Best Free and Open Business Intelligence Tools CIO Women Magazine Oh, I know that when Meta CEO Mark Zuckerberg unveiled Llama …
How Business Intelligence in ERP Can Improve Your Company Go Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
Global Edge Data Center Market Predicted to Cross… Business Intelligence and Analytics Fusion Introduces New AI-Powered Scenario Simulation and Intelligence Suite Fusion Risk Management (Fusion), a provider of cloud-based operational resilience, business continuity, and risk management solutions, is releasing its new Scenario Simulation and Intelligence suite—enabling companies to simulate thousands of possible scenarios against their resilience plans and strategies to identify points of weakness at scale. Posted August 14, 2024 Ridge Security Enhances Proactive Exposure Management with RidgeBot 4.3.3 Ridge Security Technology Inc. is releasing RidgeBot version 4.3.3, introducing a powerful integration that enhances proactive exposure management for organizations—combining RidgeBot’s automated vulnerability detection and validation capabilities with leading…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
Business Intelligence and Analytics Fusion… You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
You Won’t Need to Pay for Apple Intelligence Anytime Soon You Won’t Need to Pay for Apple Intelligence Anytime Soon Despite several analyst reports that Apple will eventually charge for access to Apple Intelligence features, it’s unlikely it plans to do so anytime soon. While many, including Mark Gurman, believe that Apple’s focus on growing its services business makes a paid Apple Intelligence tier inevitable, the Bloomberg analyst is also convinced this won’t be coming in the near future — and that it’s unlikely to encompass any of the Apple Intelligence features that are slated to arrive in iOS 18 over the next year. In late June, Gurman suggested an “Apple…
Microsoft Dynamics vs. Salesforce: Comparison 2024… Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Common Mistakes to Avoid When Hiring a Power BI Developer Common Mistakes to Avoid When Hiring a Power BI Developer Businesses depend intensely on information analytics to make informed decisions, and Power BI has risen as a prevalent tool for turning raw data into significant insights. Hiring a Power BI engineer is a crucial choice that can altogether affect your organization’s victory. In any case, companies frequently make a few mistakes when hiring Control BI engineers that can lead to project delays, destitute results, and unnecessary costs. Here are five common mistakes businesses make when hiring Power BI developers and we offer significant tips to avoid them. Common mistakes when…
Hidden Apple Intelligence Features Revealed Hidden Apple Intelligence Features Revealed Apple’s latest iOS 18.1 beta 2 update brings a suite of advanced AI-driven features for Apple Intelligence designed to transform your user experience. These hidden gems leverage Apple’s innovative AI technology to automate tasks, enhance communication, and create personalized content, ultimately streamlining your daily interactions with your device. Let’s dive into the details of these innovative features. Smart Reply: Effortless Email and Message Responses The Smart Reply feature in iOS 18.1 takes the hassle out of responding to emails and messages. Intelligently analyzing the content of your incoming communications suggests complete, contextually relevant replies. Whether you receive…
Analysts laud SAS’ innovation in AI, marketing, risk… Analysts laud SAS’ innovation in AI, marketing, risk and fraud solutions Investment by SAS drives accolades in multiple reports from top analyst firms CARY, N.C., July 30, 2024 /PRNewswire/ — When choosing new technologies like generative AI (GenAI) or selecting vendors for mission-critical functions like managing risk, improving marketing and customer loyalty, and fighting fraud and financial crimes, organizations often seek the advice of top industry analyst firms. Top industry analyst firms have once again have recognized SAS as a leader in key business and technology areas. Statistical Business Analysis SAS And these top firms once again have recognized SAS…
Business Intelligence Platforms: Best Analytics & BI… How Women Business Owners Are Using Artificial Intelligence Written by Lesa Seibert, NAWBO National Board Secretary, member of NAWBO Kentucky and CEO of Mightily The intersection of artificial intelligence and public policy has been at the forefront this past year since President Biden issued an executive order on AI that provides entrepreneurs with access to technical assistance and resources, among other things. Senate Majority Leader Chuck Schumer followed up the executive order with a series of AI Insight Forums to discuss the intersection of AI and innovation, workforce and intellectual property issues. As the governance of AI continues to take…
How Gen Z Is Changing Business and the Workplace Microsoft to reinvent office apps with Artificial Intelligence toolsWashington [US], March 17 (ANI): Microsoft is reinventing its Power Platform’s software development, including Outlook, PowerPoint, Excel and Word, with AI-powered no-code development and adding new features like Copilot. In an event on Thursday (Local Time), the company announced that Microsoft 365 users will soon be able to use what the company is calling an AI “Co-pilot,” Microsoft said in a statement. “Makers now have a live in-studio copilot that helps them build solutions and provides suggestions for improvement. To build an app, flow, or bot, you can describe it using natural…
The Microsoft Dynamics 365 CRM is excellent Microsoft Dynamics vs. Salesforce: Comparison 2024 Salesforce vs. Microsoft Dynamics 365 Overview Salesforce’s Sales Hub and Microsoft Dynamics 365 Sales are similar products that offer most of the CRM features you expect to find in standalone CRM software. We compare these two as the primary CRM offerings from both providers, though other products exist for marketing, customer service and other work management functions. Salesforce is a highly customizable CRM that teams can configure for almost any business need, while Microsoft Dynamics 365 serves as a centralized place for customer data for teams that already use it. Salesforce vs. Microsoft Dynamics…
Smart Automation: AI’s Impact On Operational Efficiency Smart Automation: AI’s Impact On Operational Efficiency Atal Bansal is the Founder and CEO at Chetu, a global U.S.-based custom software solutions and support services provider. getty AI “smart” or “intelligent” automation seems unstoppable because it promises to save money, minimize human error, and produce faster results. The impact on workers and the workplace will be dramatic. Business Intelligence: making Smart Business Decisions Goldman Sachs reports that “two-thirds of occupations could be partially automated by AI.” McKinsey echoes this sentiment in an article: “Current generative AI and other technologies have the potential to automate work activities that absorb 60 to…
Oracle 23ai: The Database Just Got a Brain Oracle 23ai: The Database Just Got a Brain The database world is undergoing a renaissance. Fueled by the rise of Large Language Models, hybrid cloud data management, and the explosion of data-driven applications, databases are once again at the forefront of technological innovation. Yet, this resurgence comes at a time of unprecedented challenges. The relentless onslaught of data and the ever-present threat of cyberattacks have stretched database professionals to their limits. Oracle, a behemoth in the database landscape, has responded with a daring gambit: Oracle Database 23ai. This isn’t merely an update; it’s a full-blown integration of AI and machine…
