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Transforming Big Data into Big Value

Transforming Big Data into Big Value

Thu, Oct 15, 2015  -  Comments (0)  -   Posted by Gale Zimmer

Next Wednesday, my colleagues and I will be presenting at the ProjectWorld and World Congress for Business Analysts Conference. Our presentation, Transforming Big Data into Big Value, will walk through the entire project cycle of insight2oncology™ (i2o™) from development to implementation within client health systems. i2o is CHAMPS Oncology’s web-based analytics system which, unlike any other analytics system of its kind on the market, leverages large oncology datasets that have otherwise sat unused in hospitals.

As part of our presentation, we will showcase the platform’s ability to tackle the challenge of transforming big data into accessible and actionable information, which we owe in part to our project plan that incorporates several large categories including:

  • Identifying and building our communities of interest to create “stickiness” in participation. 
  • Creating a marketing and communication strategy.
  • Selecting areas of focus, including our target markets and what we had to offer them that was different from anyone else in this “big healthcare data” space, as well as understanding risk management as it relates to patient information.
  • Defining value objectives by determining what success looked like and we were going to get there.

Our final and perhaps most important step in this project plan was executing it. This is an area where many complex projects struggle. PMI’s 2014 Pulse of the Profession research shows that organizations face a wide chasm between their actual state and the state of success, mostly due to a lack of focus on people, processes and outcomes. As a result, their projects, including those focused on an organization’s highest priorities— strategic initiatives—are suffering, and organizations are losing an average of $109 million for every $1 billion spent on projects.

I look forward to the opportunity to share CHAMPS’ success with i2o, and how we have been able to begin transforming big data into big value for healthcare organizations, when my team and I present next week. Are you not able to attend our presentation? Share your tips for ensuring increased project success in the comments section below.

Learn about insight2oncology™, CHAMPS’ web-based system for transforming cancer data into actionable information.

Posted in Cancer Information

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