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Topic : Data Mining
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Industry : Hospitals
Functional Area : Application Software
Activity: Question posted: 02 22 2008 21:58:11 +0000, 2 answers, 1129 views, last activity 07 06 2010 20:18:08 +0000
 
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  Answered by     Arijay Chaudhry, CEO, Strategic Intelligence Services  | 05 15 2009 14:31:17 +0000
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Advantage in Healthcare: Multidimensional Budgeting, Multidimensional Forecasting, Multidimensiona Reporting, Vendor Classification, Client Segmetnation, ABC Analysis, Promotion Optimization and Simulation, Business Reports and Variance Studies, Statisitcal mining

Disadvantages: Insignificant.

You can write to arijay@idasm.net, parag@idasm.net for brochures on idasm technologies. This can save you costs in analytics and allow the most in-depth analysis to be undertaken on a single platform.

  Answered by     Ankur Agarwal, Research Analyst, Large MNC  | 02 22 2008 22:01:37 +0000
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yes i would i like to elaborate on the question you hav askd!!

 

There are numerous applications of data mining in healthcare and in its related disciplines of biotech, pharma and healthcare insurance. I see no disadvantages in the proper use of data mining. However, if planned or executed poorly, not targeting data mining efforts towards business goals or training employees to mine inadequate data, there are obvious disadvantages. You can do a lot of data mining with repetitive and elongated interactive queries, but if you can master some data mining, the analysis will be faster and, realistically, you'll open up the environment to much more analysis.

 
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