Teradata Launches Analytics Discovery Site for Healthcare
Database analytics engine will accelerate insights to improve quality of care, enhance member experiences and reduce total cost of care
AMELIA ISLAND, Fla., Sept. 17, 2015 /PRNewswire/ -- Teradata Corp. (NYSE: TDC), the big data analytics and marketing applications company, today announced a collaboration with two major health plans for the upcoming launch of the Innovation for Discovery Analytics Community Site, powered by Teradata Aster. The Community site is designed to promote the value of data analytics among analytic professionals in healthcare. The analytics site will be generally available November 15.
This announcement is being made in anticipation of the 2015 Information Management Symposium in Amelia Island, Florida, which runs September 20 through September 23.
The goal of the Discovery Analytics Community Site is to enhance dialogue among data scientists and analytics professionals. This is expected to raise the bar for the use of discovery analytics and improve the quality of healthcare. The site offers a basic learning experience using Teradata Aster Analytic functions and an opportunity to collaborate with peers. Initially, access to the new site is immediate for Aster users, who will also have access to a set of pre-defined analytic functions in the Teradata Aster AppCenter.
The Teradata Aster AppCenter is a secured publishing portal that enables users to share "big data analytics" for selective collaboration and insight. This supports the efficient and effective use of big data while accelerating cross-organization adoption and collaboration. As a result, development costs can be reduced and valuable insights shared and re-used.
The Innovation for Discovery Analytics Community Site is designed to bring benefits across healthcare organizations, according to the initiative's executive sponsors.
"We are always looking for ways to unlock the power and value of big data and analytics through a more collaborative approach," said Jason Cooper, executive sponsor, Vice President and Chief Analytics Officer, Horizon Healthcare Services, Inc., New Jersey's largest health insurer. "The new discovery site will enable us to share algorithms, insights and solutions with other health plans, ultimately working to benefit our members."
"Teradata Aster's unique analytic capabilities on our Community Site will provide the winning combination we have needed," said Chuck Martel, vice president, Data Analytics, BCBS Minnesota, also an executive sponsor. "We expect enormous benefits from member collaboration on advanced analytics. We look forward to the use of repeatable applications to accelerate big data insights that will improve the member experience and reduce the cost of care across the entire network."
The Teradata Aster AppCenter includes a set of pre-defined analytics which provide participating organizations with the ability to store the most valuable analytics workflows as applications, execute them with ease, visualize the results, and share the insights with others.
At this point, eight applications have been created for sharing and collaboration, and are in production: 1) HL7 Parser (HL7 is a messaging format for medical information systems); 2) Patient Affinity and Length of Stay, 3) Patient Comparison, 4) Admission Diagnosis Procedure Paths, 5) Path to Surgery, 6) Diabetes Patient Readmission, 7) Drug Affinity Analysis, and 8) Impact Analysis. The type and functionality of the analytics available will expand over time.
Unlike other analytic community sites that are limited to specific analytic techniques, the Discovery Analytics Community site, based on the Teradata Aster Discovery Platform, will support a variety of analytic techniques and languages to support analytic skills across a number of health plans.
To meet with Teradata at the IM Symposium, please visit booth space #9. To request a meeting, visit: https://site.teradata.com/Microsite/Teradata-at-the-2015-IM-Symposium/landing/.ashx
About the 2015 IM Symposium
The Information Management "IM" Symposium is an annual event started in 2000, presented and hosted by various Blue Cross and Blue Shield Plan Information Professionals. The purpose is to provide Plan business and technical representatives an opportunity to network and exchange best practices and innovations in the field of information management, information architecture, data warehousing, business intelligence, informatics and analytics with the end result of delivering actionable business value to the Plans through the power of information assets.
About Horizon Healthcare Services, Inc.
Horizon Healthcare Services, Inc., New Jersey's largest health insurer is a tax-paying, not-for-profit health service corporation, providing a wide array of medical, dental, vision, and prescription insurance products and services. Horizon is leading the transformation of health care in New Jersey by working with doctors and hospitals to deliver innovative, patient-centered programs that reward the quality, not quantity, of care patients receive. Horizon serves more than 3.8 million members. For more information visit HorizonHealthcare.com.
About the Teradata Aster Discovery Platform
The Teradata Aster Big Analytics Appliance is the industry's first unified big analytics appliance, and brings together open source Apache Hadoop and Teradata Aster into a single highly-integrated and optimized platform. With the Teradata Aster patented SQL-MapReduce and Aster SQL-H, the appliance provides users with transparent access to Hadoop and provides unique business analytics to a broad set of knowledge workers. The appliance offers pre-packaged ready-to-run analytical functions such as digital marketing optimization, social network analysis, fraud detection, and analysis of machine-generated data in just hours. For more details, click here.
About Teradata
Teradata (NYSE: TDC) helps companies get more value from data than any other company. Teradata's leading portfolio of big data analytic solutions, integrated marketing applications, and services can help organizations gain a sustainable competitive advantage with data. Visit teradata.com.
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