If we were to pause and reflect on the past 20+ months, one major takeaway would be ‘Health Is Wealth’. As we strive to get back to a normal world, healthcare innovation must expand and accelerate on all fronts for a better tomorrow. At Trifacta, we are privileged to work with healthcare organizations around the world to accelerate clinical trials, produce breakthrough drugs faster, and deliver improved patient care with our data-first approach.
Healthcare companies, providers, and government agencies across the globe use Trifacta to transform massive volumes of health-related data into useful, consumable, and valuable data for healthy outcomes. We are proud to be at HIMSS21, the world’s largest healthcare conference organized by The Healthcare Information and Management Systems Society (HIMSS), and to help realize their mission of improving the global health ecosystem through the power of information and technology, particularly with useful data.
Healthcare data is increasing at an unprecedented pace
The volume of electronic data doubles every two years and shows no sign of slowing down. Healthcare data, in particular, has a projected compound annual growth rate (CAGR) of 36% through 2025. It is estimated that a single patient generates about 80 MB of medical data every year. If that is extended for every patient in the world, we’re looking at exabytes (or even more) of data containing valuable information, which could be analyzed and used for better healthcare. The amount of data can explode even further with major health crises, outbreak tracing, diagnosis and cataloging of symptoms, drug development, and testing, and treating patients. The need for useful data has never been more crucial.
Trifacta for a better and a healthier world
With a countless variety of data sources and types in healthcare, it’s no surprise that nearly 80% of all medical data produced is raw and needs to be transformed before it can be analyzed or used for reporting. This creates a massive, two-part problem. First, just extracting, structuring, cleaning, transforming, and combining heterogeneous raw data is highly complex. Second, the healthcare professionals (scientists, doctors, administrators, etc.) are precisely the ones who understand the data and its meaning but are not professionally trained to be proficient in data. The beauty and power of the Trifacta Data Engineering Cloud gives everyone, regardless of technical acumen, the ability to interact visually with the data and truly collaborate on the data engineering work needed to accelerate and unlock the value and insights from the data itself.
Accelerated clinical trials
Many healthcare organizations conduct thousands of clinical trials leading to petabytes of data in the process. However, gaining access to historical data records over the years is difficult and time-consuming. There is often a large variance in this data with different formats and distributed across multiple systems. It can be challenging to access old data, learn from previous trials, and apply insights for future trials. Trifacta helps reduce these inefficiencies with real-time data profiling, guided data transformations, and smart, automated data pipelines. Further, the transformed data can be stored in scalable cloud data warehouses for organizations to access clean, high-quality data at any time. With its advanced data engineering solution, Trifacta has helped organizations reduce time spent on new clinical trials and drug development by more than 50%, saved millions of dollars through automated data pipelines, and increased prediction accuracy for future trials by nearly 400%.
Improved patient care
Large healthcare networks use Trifacta to transform data for analysis that will enhance the effectiveness of patient care and treatments. It is important to keep the data fresh and updated, and Trifacta’s data quality capabilities help maintain consistent, clean data continuously. With Trifacta’s Adaptive Data Quality (ADQ) rules, organizations can refine, enhance, and re-use existing data along with the integration of new data to enable proactive, personalized healthcare. This leads to healthier and happier patients.
One of the biggest challenges facing large medical groups and hospitals is to streamline operations across locations, facilities, and legacy systems. In these organizations, data is generated in different formats, and gathering and standardizing this data to analyze metrics such as capital and operating expenses, patient occupancy, and equipment usage is typically manual, code-intensive, and time-consuming.
Trifacta solves these problems with an efficient, easy, and scalable solution. Trifacta helps these organizations connect to data across different sources, transform and standardize data without coding, and deliver data for downstream applications to access and deliver the required insights. Trifacta’s visual interface allows analysts to discover insights in real-time, leading to highly accurate dashboards and reports. With the Trifacta data engineering cloud, organizations now have better visibility, more transparency, and efficient, streamlined operations.
Let’s meet at HIMSS21
We would like to see you at HIMSS21 and discuss your data requirements for a better and healthier world. Drop us a note at firstname.lastname@example.org and let’s connect.
We would also love for you to join us for hors d’oeuvres and drinks on August 10th at Yardbird Southern Table & Bar. Please RSVP here and we look forward to seeing you.