Data Mining and Healthcare Industry
Data Mining, defined as the process of finding the previously unknown patterns and trends. It is an analytic process which is designed to explore the unknown relationships. Data mining alsorefers to the activity of going through big data sets to look for relevant or pertinent information. Since the early 90s, this practice has been used to help with fraud detection, credit scoring and maintenance scheduling but it’s finally being utilized in healthcare programs around the country. With the growth of information and communication technologies, the healthcare Industry is also producing extensively large data. Data mining holds great potential for the healthcare industry to enable health systems to systematically use data and analytics to identify inefficiencies and best practices that improve care and reduce costs. While other solutions might favor healthcare providers or insurance companies, data mining benefits everyone concerned, from healthcare organizations to insurers