Too many providers are failing to meaningfully integrate data analytics

healthcareitnews.com | January 13, 2020

Healthcare providers are failing to integrate digital data platforms into their IT infrastructure, and and analytics into their clinical and operational workflows. This despite widespread availability of the technology and a definite need for it, given the demands of value-based reimbursement.Those were among the findings of a Black Book survey of 748 providers organizations, which found utilization of advanced analytics was described as "negligible" by a whopping 80% of respondents.Meanwhile, 84% of the C-suite execs and board members polled said their health systems only used analytics to a  "limited or minimal extent to generate commercial or outcome insights," according to the survey.Even while the market for healthcare data analytics booms and provider access to such tools has risen sharply in past years, multiple factors, ranging from a lack of strategic direction to the absence of internal data scientists, have sharply curbed usage.A lack of financial resources and a lack of reinforced training were among the other challenges providers cited just 15% of respondents reported any meaningful utilization in financial forecasting and strategic planning.

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BIG DATA MANAGEMENT

Semantix Introduces Data & AI Marketplace to Semantix Data Platform

Semantix | April 07, 2022

Semantix, Latin America’s first fully integrated data platform, announced today the availability of a Data & AI Marketplace, consisting of a new array of features that significantly streamline the analytical journey for users of the Semantix Data Platform (known as SDP). The Data & AI Marketplace provides an app store-like experience that puts frequently used data sets and pre-packaged, vertical specific algorithms at the fingertips of data scientists and business analysts around the world. “Data scientists and business analysts shouldn’t need a doctorate in software engineering to glean insights from complex data sets. The SDP was purpose-built as an end-to-end solution for the analytical journey and these new features give our community of users the tools and resources that can make their journey easier and faster than it’s ever been before.” Leonardo Santos, co-founder and CEO of Semantix The new features in the SDP are broken into two separate categories – data sets and vertical specific algorithms. The data sets are a variety of pre-packaged, highly applicable data sets that users can leverage to train their machine learning algorithms and corollate with other proprietary data assets. These data sets include frequently used data on weather, diseases, stocks trade activity, consumer behavior and more. The vertical specific algorithms are meant to automate and streamline commonly analyzed business functions and use cases. For example, there is available today in SDP algorithms and dashboards for customer churn and retention, demand forecasting, predictive maintenance and more. Fueling Innovation for Public Journey Ahead Innovation is at the center of Semantix’s core values as a company. The SDP Marketplace is another milestone in Semantix’s ongoing commitment to push the envelope of innovation as it makes its way to the public market. In November of 2021, Semantix announced that it entered into a definitive agreement to merge with Alpha Capital (NASDAQ: ASPC), a special purpose acquisition company (“SPAC”) focused on technology. The announcement marked the first time a Latin American-focused technology SPAC had merged with a target company and highlights its growing position as a leading global innovator in the data and analytics space. About Semantix Semantix is Latin America’s first fully integrated data software platform. Semantix has more than 300 clients with operations in approximately 15 countries using Semantix’s software and services to enhance their businesses. The company was founded in 2010 by CEO Leonardo Santos.

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BIG DATA MANAGEMENT

Money.Net Launches Financial Data and Analytics Platform for Institutions

Money.Net | February 18, 2022

Money.Net, a financial data and analytics company, announced today that it has launched an enhanced platform for institutional users, which provides cost-effective access to professional-grade financial tools. Available immediately, Money.Net supports institutional users throughout the entire investment journey leveraging next-generation technologies including artificial intelligence (AI) and machine learning to mine big data. Money.Net provides financial data across an array of asset classes including equities, fixed income, crypto, commodities, foreign exchange, and derivatives/options. Users are able to access information and analytics via the web and an Excel integration, complete with customizable layouts and live support. The platform is offered at several levels, including Pro, Premium and Enterprise. Users at all levels will gain access to real-time market data and news, portfolio monitoring, analysis and charting tools, and the ability to access the Symphony technology platform. Money.Net, operating under new ownership, has established a new management team led by Vincent Sangiovanni, chief executive officer, and Jason Emerson, chief operating officer. Sangiovanni joins Money.Net from 360T GTX, a Deutsche Börse company, and Emerson joins from Pico Quantitative Trading. With over 50 years of combined experience, the two executives bring to the platform extensive industry knowledge and an intuitive understanding of investors’ needs. “It is a new era for Money.Net. We are bringing together next-generation technology with Money.Net’s easy-to-use interface to help users seamlessly research, analyze and support their investment decision making process. Our team brings broad and deep experience developing multi-asset class solutions for institutional users.” Vincent Sangiovanni, CEO of Money.Net As part of the launch, Money.Net has established strategic partnerships to better serve the needs of institutional investors. Cosiac’s ChartIQ provides customizable charts that combine intuitive visualization with multi-asset class data to deliver actionable, tradable insights. Symphony provides access to the largest global community in financial services through its secure and compliant communication stack, with chat, voice and video meetings, and file and screen sharing, allowing investors to interact in real-time. Trading Central provides AI and machine learning technology to find and validate trading opportunities while managing risk. "Trading Central has empowered investors with actionable analytics for over two decades, making us a natural partner for Money.Net," says Alain Pellier, CEO of Trading Central. "Their mission to democratize financial research is a perfect fit for our solutions, and we're proud to see our market insights reach more investors through their platform." “Money.Net has been a long-time ChartIQ client and partner, and we’re excited to be working with the new management team as they launch their new institutional platform,” says Dan Schleifer, CEO of Cosaic (founded in 2012 as ChartIQ). “Money.Net brings a wealth of market data to its clients, and we’re proud that ChartIQ is the data visualization engine powering their new institutional platform.” About Money.Net Money.Net is a financial data and analytics company serving investors across virtually all asset classes. We help investors research, analyze and monitor financial markets in real-time with the support of next-generation technology. Our mission is to empower all investors with cost-effective access to professional-grade financial tools.

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BUSINESS INTELLIGENCE

Avantive Solutions Selects Hitachi Solutions America to Optimize Customer Experience with Advanced Data Analytics

Avantive Solutions | January 05, 2022

Avantive Solutions, a global technology and business process outsourcer (BPO) specializing in innovative customer experience (CX), strategic sales, and digital marketing solutions, today announced a partnership with Hitachi Solutions America, Ltd., a leading provider of global industry solutions powered by cloud services from Microsoft, to enhance their data analytics capabilities through improved performance of Microsoft Power BI with Azure Databricks. This will allow Avantive to drive best-in-class performance using machine learning and artificial intelligence solutions. "The goal of our partnership is to take our clients' results to the next level. This will allow Avantive to use optimized technology to increase our contacts, conversions, as well as improve our customers' reachability and level of trust." Amy Brennan, Avantive's VP of Operational Excellence As Avantive's digital transformation partner, Hitachi Solutions will develop a customized data platform — fueled by machine learning (ML) and artificial intelligence (AI) — that will let Avantive leverage the power of cutting-edge analytics and customer insights. "With the ML and analytics scalability of Microsoft Azure and Databricks, Avantive will be able to collect and aggregate data in real time and make efficient moment-by-moment adjustments to live customer outreaches. This capability will markedly improve their contacts, close rates, and performance," explained John Young, Hitachi Solutions' VP of Data Science and Machine Learning. The Avantive team is focused on how they can control and leverage data to make interactions more personalized and relevant for their clients. This is what sets them apart from the competition — using data-driven insights to successfully reach their customers and communicate with them on a more meaningful level. "Hitachi Solutions is helping us to not just append the data, but to find the trends in the data in the blink of an eye. At 5:00pm on Tuesday, we will know which households in which state to call, and we will have the ability to personalize our conversations based on the demographic data we can access with speed and security," said Brennan. Avantive will implement new insights, utilizing multi-faceted demographic appends, allowing greater ability to reach their customers. By providing new data analysis speed and capacity, they will supply clients with greater trending insights and, ultimately, personalized call scripts. Avantive chose Hitachi Solutions as their partner due to the relationship CEO Frank Pettinato built with the Hitachi Solutions team over the past two years. Already using Power BI and Azure, Avantive sought to collaborate further with a Microsoft solutions and technology leader. "Hitachi Solutions impressed us with their team and the comprehensive nature of the solution they provided based on our market position. We've been very impressed with their nimbleness to come up with this unique solution for our company," said Pettinato. While the project is well underway, Brennan is working daily with the Hitachi Solutions team on delivery, review, and developing the release of this cutting-edge technology in the first quarter. "Our goal is to drive strong, measurable performance for our clients. We are already a market leader in insights and innovation. We believe Hitachi Solutions will make that capability richer, allowing us to provide additional actionable insights and placing Avantive Solutions several years ahead of market competitors," added Brennan. About Avantive Solutions Avantive Solutions, founded in 1988, is a Purpose-Driven global technology and business process outsourcer (BPO) specializing in designing, building, and delivering innovative customer experience (CX), strategic sales, and digital marketing solutions. The Company's Omni-Touch™ integrated solution provides actionable insights and drives desired outcomes through advanced analytics, artificial intelligence (AI), and machine learning platforms. Avantive Solutions partners with the world's most recognized brands in communications and media, healthcare, energy, financial technology (Fintech), and eCommerce. To learn more about how Avantive Solutions is bringing purpose to the customer experience, go to avantivesolutions.com. About Hitachi Solutions America, Ltd. Hitachi Solutions America, Ltd. helps its customers successfully compete with the largest global enterprises using powerful, easy-to-use, and affordable industry solutions built on Microsoft cloud services. Hitachi Solutions America provides global capabilities with regional offices in the United States, Canada, Europe, India/Middle East, Japan, and Asia Pacific. To learn more about how Hitachi Solutions can support your organization leveraging Microsoft solutions and technologies, go to global.

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DATA ARCHITECTURE

Compass UOL and Furious Technologies announce partnership to provide data-driven pricing solutions

Compass UOL | December 24, 2021

Compass UOL, a global digital transformation company, and Furious Technologies, a North American revenue management and pricing optimization solutions provider, announced a strategic collaboration to provide online sellers in Latin America and USA with an integrated digital commerce solution. The partnership will combine advanced cloud-based data science and Compass UOL's digital next-generation platforms services portfolio with Furious Technologies' artificial intelligence models for data-driven pricing. It will enable organizations to innovate, make better data-driven decisions, solve business challenges, and increase business value. The objective is to seize insights and use data generated by customer digital interactions to help sellers optimize price and increase average value per customer by dynamically recommending relevant products and purchase incentives. Data-driven pricing, revenue management and higher margins While typical IT departments deal with an overload of demands and daily problems, which makes it difficult to meet business's innovation and expansion goals, Compass UOL and Furious Technologies believe that end-to-end customer journeys must be created in the cloud and optimized to ensure continuous growth. According to Alexis Rockenbach, CEO at Compass UOL, many companies are burdened by the need to increasingly use data to drive business decisions, solve supply chain issues and deal with the increasing material costs. As a result, they lack time and attention to customer touchpoints, or to sales and marketing overall. "Compass UOL and Furious Technologies combine experience, data science and proven methodologies to maximize revenue, deploy state-of-the-art technology, and mentor customer-oriented teams on business acceleration", concludes Rockenbach. Combining diverse US-based business teams, companies will be able to drive significant business development acceleration, having the potential to serve hundreds of B2B and B2C sellers in Latin America and the United States in the short term, and expand to other regions in the future. "Compass UOL and Furious' cloud and virtual structure offer customers a scalable solution to meet their immediate needs to both manage risk and combat disruption. This combination of flexibility and experience provides an optimal environment to perform and deliver business transformation solutions. This effort enables businesses to ensure that the entire online journey is set to improve service, revenue and exponentially expand customer reach." Ashley J. Swartz, CEO at Furious Technologies.

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