With the population of older individuals rapidly growing, healthcare leaders are beginning to brace themselves for the wave of challenges that will inevitably crash over every part of the industry. Older adults need increasing amounts of clinical care and social services to stay well, and in a system where resources are already strained, this surge could put overwhelming burdens on care providers.
To overcome the barriers associated with an aging population, organizations are starting to seek the help of advanced tools to better understand the needs of older individuals – namely, artificial intelligence and data analytics technologies.
Other things to check out:
How QSRs Harness AI And Data Analytics | PYMNTS.com
Harnessing consumers' digital information is critical to the success of any business, and data analytics and artificial intelligence (AI) can be especially powerful tools.
Numerous quick-service restaurants (QSRs) have deployed these technologies to support their operations, tailor their customer service approaches and even boost sales, but many players, including several big names, have been reluctant to invest in such innovations.
Fast-food giant McDonald's was not interested in using AI or data analytics until it noticed that many of its competitors were benefiting from the technologies. This revelation prompted the company to launch several innovations, including digital menus that change based on real-time data analysis. The alteration led to a 3 percent increase in sales in Canada, the chain said.
Introducing the new Google Analytics | MarTech Cube
Millions of businesses, large and small, rely on Google Analytics to understand customer preferences and create better experiences for them. With more commerce moving online and businesses under increased pressure to make every marketing dollar count, insights from digital analytics tools are even more critical.
By applying Google's advanced machine learning models, the new Analytics can automatically alert you to significant trends in your data – like products seeing rising demand because of new customer needs. It even helps you anticipate future actions your customers may take. For example, it calculates churn probability so you can more efficiently invest in retaining customers at a time when marketing budgets are under pressure.
BI not BS: how businesses are building futures with data analytics
There's nothing quite like a bit of optimism. It can be infectious, at least in the hands of the right people. It was interesting to see some recent stats from McKinsey, showing how global executives currently have a fairly optimistic view of their local economies, despite the ongoing struggle with Covid-19.
More than half of all executives surveyed said economic conditions in their own countries will be better six months from now, and they were also upbeat on their own companies' profitability. Clearly they must know something, or maybe they are just being bullish, talking it up and hoping for the best.
While you're here, how about this:
Predictive Analytics Market worth $21.5 billion by 2025 - Exclusive Report by MarketsandMarkets™
Various factors such as the growing focus on digital transformation, rise adoption of big data and AI and ML technologies, increasing focus on remote monitoring in support of the COVID-19 pandemic, and the need to forecast possible future financial scenarios to answer specific business questions are expected to drive the adoption of the Predictive Analytics Market.
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The availability of essential items has been impacted owing to the lack of manpower to manufacture these items and transport them, even though essential items have been exempted from lockdowns. The condition is expected to come under control by early 2021, while the demand for predictive analytics solutions and services is expected to increase owing to the need to deliver data-driven insights and monitor changes and uncertainties during the COVID-19 situation.
Newsbytes: Google Updates Google Analytics, SAP Launches CDP and More CX News
Google has updated Google Analytics , creating a "more intelligent Google Analytics that builds on the foundation of the App + Web property " the company introduced in beta last year.
Vidhya Srinivasan, vice president of measurement, analytics and buying platforms for Google, wrote in a blog post this week the updated Google Analytics has machine learning at its core. It also focuses on being privacy-centric by design, according to Srinivasan. "With major shifts in consumer behavior and privacy-driven changes to longtime industry standards, current approaches to analytics aren't keeping pace," she wrote.
Ursa Health Launches Healthcare Data Analytics Solution to Support Organizations Participating in
Administered by the CMS Innovation Center, the CMS Primary Cares is a set of five voluntary payment model options that focus on supporting advanced care for patients who have chronic conditions and serious illnesses:
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The average baby boomers's savings will last only seven years in retirement, a new study found, unless they curb their spending during their golden years.
According to Raoul Pal, a former Goldman Sachs (GS) hedge-fund manager, the world's biggest cryptocurrency is just getting warmed up. "Just from what I know from all of the institutions and all of the people I speak to, there is an enormous wall of money coming into this," said Pal, who currently serves as CEO of Global Macro Investor.
Utah Jazz add analytics expert to coaching staff from Philadelphia 76ers - Deseret News
The Deseret News has confirmed that the team has hired former Philadelphia 76ers vice president of strategy Sergi Oliva to be an assistant coach. The Philadelphia Inquirer's Keith Pompey first reported the news Thursday evening, also reporting that Oliva had been let go by the 76ers.
In his role with Philadelphia, Oliva helped lead the team's analytics department, and he'll now bring that expertise to the Jazz, but in more of a coaching role. His hire follows that of Dell Demps, who will also join the Jazz as an assistant coach. Demps has been a longtime executive in the NBA but not a coach (Oliva does have prior coaching experience in Spain).
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