In 2009, the Health Information Technology for Economic and Clinical Health Act went into effect in the United States, completely transforming the ways in which medical firms are required to handle their information.
Organizations in virtually every industry are beginning to invest more in advanced analytics technology, driven by the desire to leverage the massive volumes of information they currently generate, store and collect in more progressive strategies.
Big data has spread rapidly in the past few years, with more companies beginning to allocate resources and budget to advanced analytics endeavors in virtually every industry and region of the United States.
As big data becomes a bit more popular across industries, it has become clear that businesses are struggling to monetize their efforts in the analytics arena despite the progressive advances taking place among the technology's developers.
As more companies complete their mass-digitization of files and records - which has been a long and sometimes painful process - they are beginning to find value in the use of analytics and intelligence solutions.
Big data is among the more powerful but misunderstood technologies out there today, as so many organizations have deployed the solutions but very few have actually enjoyed optimal results and performance shortly after implementation.
Business leaders, government officials, health care providers and others have largely viewed big data with excitement and hope given the immense opportunities the technology grants to improve operational processes, quality control and more.
Communication has been a persistent issue within the big data movement, holding companies back from enjoying optimal returns on investment and progressive functionality.
The systems and techniques used to manage data have evolved quickly in the past few years, presenting businesses with a double-edged sword of sorts that involves a combination of risks and opportunities.
As big data continues to spread across industries and regions more quickly than ever before, one of the prevailing themes has been the misuse or lack of understanding among companies that holds them back from achieving optimal returns on investment.