Manufacturing industries face increasing pressure to innovate and improve efficiencies by further embracing technology, while at the same time keeping budgets and headcounts stable. No small task, yet the implications for improving how core data is managed are clear. Everything from squeezing further cost out of the business to strengthening ties with customers and suppliers are important for growth and competitive advantage.
EHR interoperability, ICD-10 deadlines, HIPAA compliance, ACA implications. The list of challenges continues to grow for providers in healthcare industries whose businesses are impacted in unprecedented ways by data-related mandates. “Information overload” and “drowning in data” are phrases we often hear when talking to healthcare professionals. Many in the industry face the struggle of performing their primary mission – providing quality healthcare services – while also making a myriad of administrative changes in order to be compliant and turn a profit. Effectively managing and protecting data is no longer a choice. It has become a mandatory responsibility for all providers.
Insurance agencies, employee benefits consultants, CPAs and other professional services firms are being forced by rapidly advancing technology to alter their traditional methods of conducting business, or run the risk of becoming obsolete. As a result, new business models are emerging, the manner in which services are delivered is changing, along with how clients are being supported. The management and protection of data is now a critical success factor for a lot of companies. Unfortunately, many feel overwhelmed and unprepared to deal with the increasing number of data-related challenges they face.
When managing IT and their critical data, many nonprofits are hampered by funding challenges, a lack of in-house technical expertise, legacy systems and unsupported software, and data scattered across the organization. More than ever, technology has the potential to help nonprofits achieve their missions and become more sustainable. Yet it often remains an unwieldy burden – and shouldn’t have to. The first step is non-profit executives needing to know what they don’t know. Only then can they put an effective and forward-looking technology roadmap in place and integrate it into the overall strategic plan.
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